Marriott & Co. Serves as Exclusive Financial Advisor to ABC Builders Supply, Inc.
Richmond, VA – Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as exclusive financial advisor to ABC Builders Supply, Inc. (“ABC” or the “Company”) in its debt financing transaction that closed on January 5, 2012. The transaction included senior debt financing provided by Bank of Virginia and subordinated debt financing provided by a syndicate of private investors. ABC’s management team also made a co-investment in the subordinated debt financing. Proceeds from the new capital investment were used to refinance existing debt and position the Company for future growth. Terms of the transaction were not disclosed.
Based in Chester, Virginia, ABC is a leading distributor of drywall, metal framing and related accessories to a diversified customer base in the residential and commercial construction markets throughout Virginia. Founded in 1948, ABC has a long successful operating history and today employs over 60 employees. The Company is led by its three co-owners who have significant operational experience in the building products industry.
Barry Brockwell, Co-Owner of ABC, said, “The Marriott & Co. team was a critical partner to ABC in accomplishing our goals in this financing transaction, and we are extremely excited about the future of our Company given our attractive new capital structure. This was a complex deal that involved bringing multiple parties together, and the value that Marriott & Co. added throughout the entire process was enormous.”
“At ABC, we pride ourselves on exceeding our customers’ expectations in terms of quality, service and responsiveness in everything we do,” said John Farrar, Co-Owner of ABC, “and I can firmly say that Marriott & Co. shares those same objectives in the services they provide to their clients.”
“We are very bullish on the future of the building products industry in our target markets,” added John Hinkle, Co-Owner of ABC, “and this transaction perfectly positions ABC to capitalize on the many growth opportunities that we see in today’s environment.”
About ABC Builders Supply, Inc.:
ABC Builders Supply, Inc. is a leading distributor of drywall, metal framing and related accessories, serving both the residential and commercial construction markets throughout Virginia. Based in Chester, Virginia with an operating history dating back to 1948, ABC Builders Supply is highly respected within the markets it serves, and the Company’s enjoys long-standing relationships with its customers and suppliers. As an independent, regional player in the building products distribution industry, ABC is well-known for providing high quality products, superior customer service and customized solutions to its customers.
About Marriott & Co.:
Marriott & Co. (http://www.marriott-co.com) is a premier, independent investment banking firm focused on advising privately held companies across a wide variety of industries. The firm is dedicated to building long-term relationships with middle market companies, and it has a long track record of delivering results on assignments such as mergers and acquisitions, capital raising and restructurings. Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies today. By providing senior level attention, a relationship approach and a high level of execution to every assignment it undertakes, Marriott & Co. is a value-added partner to its clients. The firm’s team has deep relationships throughout the private capital markets, and it frequently achieves valuations and structures for its clients that exceed industry norms.
Contact: Justin Marriott
Phone: (804) 344-0952
justin@marriott-co.com
