PE-backed American Construction Source buys Arrow Building Center
Summary
LOS ANGELES–(BUSINESS WIRE)–Angeles Equity Partners, LLC (“Angeles”), a private investment firm focused on value creation through operational transformation, and Clearlake Capital Group, L.P. (“Clearlake”), a leading private investment firm, today announced their portfolio company American Construction Source (ACS) has acquired Arrow Building Center (ABC), headquartered in Stillwater, Minnesota.“The Arrow Building Center LBM business has been serving customers in the upper Midwest since 1903,” said James Drexinger, CEO of ACS.“We remain committed to providing the efficient ‘Arrow Experience’, as we look to drive operational excellence and identify new ways to be the most trusted building products supplier in the local markets we serve.”“Clearlake looks forward to partnering with the talented ABC management team as we continue to build the ACS platform and promote operational best practices through our O.P.S.® approach.”ACS American Construction Source provides lumber and building materials (LBM) businesses the resources, leverage, and focus to make their ideas happen.