Anchor Peabody is pleased to announce it recently advised Lumber Specialties, LTD of Dyersville, Iowa and its affiliates (“LS” or the “Company”) in the sale of their business to US LBM Holdings, LLC (“US LBM”). LS is the largest independent manufacturer of components in the Midwest, and was owned by several different families – many who had been owner-operators for decades.
Tombstone Transaction Details
Facing a consistent barrage of overtures from strategic acquirers and various private equity firms in their business, the owners of LS decided the best way to maximize valuation and “fit” was to create a confidential auction for the sale of the business. Anchor Peabody was hired in February 2015 to execute on the Company’s decision, and to take advantage of 2014’s a robust M&A environment. Additionally, Anchor Peabody would oversee the entire transaction process to ensure the shareholders of LS were receiving “market” deal terms, deal structure, and valuation. After an extensive marketing process – US LBM ultimately acquired LS in December 2014 in an all cash deal.