Roofing Supply Group, LLC ("RSG" or the "Company"), a leading distributor of residential and non-residential roofing materials in the U.S., today announced a definitive agreement under which it is to be acquired from its current owner, The Sterling Group, by Clayton, Dubilier & Rice, LLC, a private equity firm. Terms were not disclosed.
RSG provides a complete offering of residential and commercial roofing materials and related supplies. Products include shingles, single-ply roofing, metal roofing, roll roofing, insulation, slate and tiles, nails and fasteners, cements and coatings and other complementary building materials. RSG's branch-based operating model includes 59 locations in 24 states throughout the West, Rocky Mountain, Northwest, Southwest, Southeast and Midwest regions of the U.S.
The transaction is expected to close in the second quarter. CD&R has obtained committed financing from Deutsche Bank Securities Inc., Goldman, Sachs & Co., Credit Suisse, and UBS Investment Bank. Deutsche Bank Securities Inc. and Goldman, Sachs & Co. acted as financial advisors, and Debevoise & Plimpton LLP acted as legal advisor to CD&R. The Sterling Group was advised by Harris Williams in the transaction.
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