Year-End Overview Despite macroeconomic challenges, many companies have seen positive financial results so far throughout 2022. There has continued to be a steady pace of M&A activity within the construction materials universe. Companies have doubled down on their strategic plans, with both large acquisitions and sizable divestitures. How the Majors Navigated 2022 Construction materials companies…
In the Construction Materials 2022 Review and Year End Outlook, we discuss how the major construction materials companies navigated macroeconomic challenges in 1H 2022. We also look into key trends including what the major players are predicting for 2023 and beyond, their valuation and trading statistics, and notable transactions over the past year. …
Flotech, Inc. has been acquired by FloWorks International.
BIRMINGHAM, AL (July 7, 2022) – Founders is pleased to announce that Raney’s, Inc. (“Raney’s”), a leading e-commerce distributor of heavy-duty truck parts and accessories, has been recapitalized by Incline Equity Partners (“Incline”). Raney’s was advised exclusively on the transaction by principals of Founders Advisors. Raney’s was founded in 2012 as a niche e-commerce distributor…
BIRMINGHAM, Ala. (January 18, 2022) – Founders is pleased to announce that certain principals advised Creative MultiCare, Inc. (“Creative”) in its growth investment from Coral Gables-based Trivest Partners LP (“Trivest”), one of the leading U.S. private equity firms with over $2.5 billion of assets under management. Trivest’s strategic growth investment will support Creative’s next phase…
BIRMINGHAM, AL (January 10, 2022) – Founders Advisors is pleased to announce that Park Supply, a leading wholesale distributor of plumbing supplies and related building products, has been acquired by CID Capital (“CID”). Park Supply was exclusively advised on the transaction by principals of Founders Advisors. Founded in 1963 with locations in Huntsville and Athens,…