Gores Group Buys Stock Building Supply
The Gores Group has acquired a 51% stake in Stock Building Supply Holdings LLC,a Raleigh, N.C.-based supplier of building products to professional builders and contractors, from Wolseley PLC. The deal is conditioned on the completion of a pre-packaged Chapter 11 process that is expected to last between 45 and 60 days. At that point, Gores would invest $75 million and provide a $125 million revolving credit bridge facility. Wolesley would retain a 49% ownership interest.
6 May 2009•4 mins read
