Date
Nov 2017
Region
Texas
Generational Equity is pleased to announce the sale of its client, MCS Door and Hardware Installations, to buyer Foundation Building Materials (FBM). The acquisition was completed by November 2, 2017.
MCS Door and Hardware sells and installs doors, door frames, partition walls and hardware to the commercial construction industry in Texas. Headquartered in Bryan, Texas, the company has shown excellent, sustained growth.
Foundation Building Materials is a national distributor of construction materials, based in Tustin, California. FBM has formed a vast and dependable construction materials distribution network with over 220 branches nationwide. Each market offers its own product lines and flavors, while all branches maintain a certain level of consistent quality. FBM also acquired Del-Pro Building Supplies in Canada near the closing of the MCS deal.
Generational Equity Managing Director Michael Goss’ team, led by trusted affiliate Gary Milleson with support from Generational Equity Vice President Luan Ly, successfully closed the deal. Generational Equity Executive Managing Director Randy Kamin established the initial relationship with MCS.
“It was a pleasure to work with our client to help find the optimal deal to meet their exit planning strategy and to ensure continuity for the long-standing and dedicated employee base,” said Goss.
“MCS can grow even more now with the resources of a strong national organization like FBM behind them,” said Milleson. “Both parties remained committed to the deal and the benefits it would create throughout the process, which led to a smooth closing.”
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