nexxbuild Announces Strategic Merger with Investcorp Europe Acquisition Corp I (IVCBF:US)
nexxbuild has announced a strategic merger with Investcorp Europe Acquisition Corp I (IVCBF:US), aiming to transform the construction materials distribution landscape. The merger focuses on unifying independent local distributors under a nationwide platform while maintaining their individual identities. nexxbuild's "people first, tech forward" approach emphasizes integrating cutting-edge technology while preserving personal relationships.
The merger will enable nexxbuild to expand its offerings and enhance service capabilities through shared resources, technology, and scale. Key highlights include empowering local distributors while preserving their cultures, implementing innovative digital tools, and elevating service and product offerings. Maxim Group LLC serves as the exclusive financial advisor, with Duane Morris and Edelman Legal Advisory PLLC providing legal counsel.
nexxbuild ha annunciato una fusione strategica con Investcorp Europe Acquisition Corp I (IVCBF:US), con l'obiettivo di rivoluzionare il settore della distribuzione di materiali per l'edilizia. La fusione mira a unificare distributori locali indipendenti in una piattaforma nazionale, mantenendo però le loro identità individuali. L'approccio di nexxbuild, basato su "le persone al primo posto, la tecnologia in avanti", sottolinea l'integrazione di tecnologie all'avanguardia preservando le relazioni personali.
Questa fusione consentirà a nexxbuild di ampliare la propria offerta e migliorare le capacità di servizio attraverso risorse condivise, tecnologia e scala. I punti chiave includono il potenziamento dei distributori locali mantenendo le loro culture, l'implementazione di strumenti digitali innovativi e il miglioramento dei servizi e dei prodotti offerti. Maxim Group LLC agisce come consulente finanziario esclusivo, mentre Duane Morris ed Edelman Legal Advisory PLLC forniscono assistenza legale.
nexxbuild ha anunciado una fusión estratégica con Investcorp Europe Acquisition Corp I (IVCBF:US), con el objetivo de transformar el panorama de la distribución de materiales de construcción. La fusión se centra en unificar distribuidores locales independientes bajo una plataforma nacional, manteniendo sus identidades individuales. El enfoque de nexxbuild, "personas primero, tecnología adelante", destaca la integración de tecnología avanzada sin perder las relaciones personales.
La fusión permitirá a nexxbuild ampliar su oferta y mejorar sus capacidades de servicio mediante recursos compartidos, tecnología y escala. Entre los puntos clave se incluyen el empoderamiento de los distribuidores locales preservando sus culturas, la implementación de herramientas digitales innovadoras y la mejora de los servicios y productos ofrecidos. Maxim Group LLC actúa como asesor financiero exclusivo, mientras que Duane Morris y Edelman Legal Advisory PLLC brindan asesoría legal.
nexxbuild는 Investcorp Europe Acquisition Corp I (IVCBF:US)와 전략적 합병을 발표하며 건축 자재 유통 분야에 변화를 모색하고 있습니다. 이번 합병은 독립적인 지역 유통업체들을 전국적인 플랫폼 아래 통합하되 각자의 정체성은 유지하는 데 중점을 둡니다. nexxbuild의 "사람 우선, 기술 선도" 접근법은 최첨단 기술을 도입하면서도 개인적인 관계를 소중히 여기는 것을 강조합니다.
이번 합병을 통해 nexxbuild는 자원, 기술, 규모의 공유를 통해 제품 및 서비스 역량을 확장할 수 있게 됩니다. 주요 내용으로는 지역 유통업체의 문화 보존과 역량 강화, 혁신적인 디지털 도구 도입, 서비스 및 제품 품질 향상이 포함됩니다. Maxim Group LLC가 독점 금융 자문을, Duane Morris와 Edelman Legal Advisory PLLC가 법률 자문을 제공합니다.
nexxbuild a annoncé une fusion stratégique avec Investcorp Europe Acquisition Corp I (IVCBF:US), visant à transformer le paysage de la distribution des matériaux de construction. La fusion se concentre sur l'unification des distributeurs locaux indépendants sous une plateforme nationale tout en conservant leurs identités propres. L'approche de nexxbuild, « les personnes d'abord, la technologie en avant », met l'accent sur l'intégration des technologies de pointe tout en préservant les relations humaines.
Cette fusion permettra à nexxbuild d'élargir son offre et d'améliorer ses capacités de service grâce à des ressources, technologies et échelles partagées. Les points clés incluent l'autonomisation des distributeurs locaux tout en préservant leurs cultures, la mise en œuvre d'outils numériques innovants, ainsi que l'amélioration des services et des produits proposés. Maxim Group LLC agit en tant que conseiller financier exclusif, tandis que Duane Morris et Edelman Legal Advisory PLLC fournissent des conseils juridiques.
nexxbuild hat eine strategische Fusion mit Investcorp Europe Acquisition Corp I (IVCBF:US) angekündigt, mit dem Ziel, die Vertriebslandschaft für Baumaterialien zu verändern. Die Fusion konzentriert sich darauf, unabhängige lokale Händler unter einer landesweiten Plattform zu vereinen, wobei deren individuelle Identitäten erhalten bleiben. nexxbuilds Ansatz „Menschen zuerst, Technik voran“ betont die Integration modernster Technologie bei gleichzeitiger Pflege persönlicher Beziehungen.
Die Fusion ermöglicht nexxbuild, sein Angebot zu erweitern und die Servicefähigkeiten durch gemeinsame Ressourcen, Technologie und Skalierung zu verbessern. Zu den wichtigsten Punkten zählen die Stärkung lokaler Händler bei Erhalt ihrer Unternehmenskulturen, die Einführung innovativer digitaler Werkzeuge sowie die Verbesserung von Service- und Produktangeboten. Maxim Group LLC fungiert als exklusiver Finanzberater, während Duane Morris und Edelman Legal Advisory PLLC rechtlichen Beistand leisten.
- Strategic merger enables nationwide platform expansion and market reach
- Technology integration while maintaining local distributor independence
- Access to shared resources and scale advantages for local distributors
- Enhanced operational efficiency and service capabilities across markets
- Integration challenges of combining multiple local distributors
- Potential cultural clashes during unification process
- Execution risks in implementing technology across diverse operations
Insights
nexxbuild's merger with IVCB aims to consolidate fragmented construction materials distribution while preserving local distributor identities - a potential industry disruptor.
This strategic merger between nexxbuild and Investcorp Europe Acquisition Corp I (IVCB) represents a significant consolidation play in the fragmented construction materials distribution sector. The transaction follows a growing trend of platform-building in highly localized industries where regional distributors typically operate independently without the scale advantages of national players.
What makes this merger particularly noteworthy is nexxbuild's articulated "people first, tech forward" approach. Unlike traditional roll-up strategies that often eliminate local branding and autonomy, nexxbuild explicitly states their intention to preserve the identities and relationships of local distributors while providing them with enhanced technological capabilities and scale benefits.
The construction materials distribution industry has historically resisted significant consolidation due to the relationship-driven nature of the business and regional supply chain dynamics. By promising to maintain these critical local relationships while overlaying modern technology solutions, nexxbuild is attempting to solve the classic consolidation challenge in this sector.
This merger with a SPAC (Special Purpose Acquisition Company) provides nexxbuild with public market capital access to fund further acquisitions. The involvement of Maxim Group as financial advisor suggests a structured approach to valuation and integration planning. Neither party has disclosed financial terms or valuation metrics, which is notable given the public nature of SPAC transactions, suggesting the deal may still be in preliminary stages pending shareholder approvals.
If successful, this platform could create significant operational efficiencies through centralized purchasing, logistics optimization, and technology deployment across previously disconnected local operators – potentially disrupting the traditional construction materials supply chain model.
WILMINGTON, Del., May 27, 2025 (GLOBE NEWSWIRE) -- In a move aiming to change the construction materials distribution landscape, nexxbuild is thrilled to announce its strategic merger (the “Merger”) with Investcorp Europe Acquisition Corp I (IVCBF:US) (“IVCB”). This partnership signifies a step in nexxbuild's mission to unify independent local distributors under a cohesive nationwide platform, enhancing their service capabilities and expanding their market reach.
“Today marks the beginning of an exciting future for local distributors across the country,” stated Nav Rau, CFO of nexxbuild. “As we launch nexxbuild, we are dedicated to revolutionizing the construction materials distribution sector through a ‘people first, tech forward’ vision.” This vision reflects a commitment to integrating cutting-edge technology while keeping the focus on the personal relationships, which are the cornerstones of nexxbuild's approach.
Vikas Mittal, Director, Chief Executive, and Financial Officer of Investcorp European Acquisition Corp echoed this sentiment, emphasizing the unique advantages that come with the merger. “nexxbuild’s platform offers a compelling vision—one that respects the independence of local distributors while aiming to enhance their capabilities through shared resources, technology, and scale. The objective is for local distributors to maintain their unique identities while also benefiting from the support, strength, and reach of a nationwide network, allowing for each local distributor to thrive independently and at the same time to be a part of something much larger. If successful, the Merger could position nexxbuild to deliver greater operational efficiency and improved service across its markets, while creating long-term value for all stakeholders involved.”
The merger with IVCB will empower nexxbuild to significantly expand its offerings and enhance its service capabilities, positioning the company for growth.
Key Highlights:
- Empowerment of Local Distributors: nexxbuild is committed to fostering growth while preserving the identities, cultures, and relationships of local distributors.
- People-First, Technology-Forward: The company is dedicated to being both people-focused and technology-driven, providing access to innovative digital tools that enhance the growth and relevance of the nexxbuild family of brands.
- Elevated Service and Product Offerings: nexxbuild aims to elevate service and product offerings for vendors and customers alike, ensuring an enhanced experience across the board.
Advisors
Advisors to the transaction include Maxim Group LLC, which is serving as exclusive financial advisor to nexxbuild. Duane Morris is serving as counsel to nexxbuild. Edelman Legal Advisory PLLC is serving as counsel to Investcorp Europe Acquisition Corp I.
About nexxbuild:
Nexx HoldCo, LLC (“nexxbuild”) brings together the strengths of independent local distributors, forming a unified nationwide platform servicing the construction industry. Where personalized service and local expertise are vital, nexxbuild focuses on empowering these businesses, allowing them to thrive on their own terms while being supported by the comprehensive resources of a national network.
About Investcorp Europe Acquisition Corp I (IVCBF:US):
Investcorp Europe Acquisition Corp I (IVCBF:US) is a special purpose acquisition company that seeks to leverage its expertise to create value and drive growth in the construction materials sector.
Participants in Solicitation
IVCB, nexxbuild, and their respective directors, executive officers, other members of management and employees may be deemed participants in the solicitation of proxies from IVCB’s shareholders with respect to the Merger. Investors and securityholders may obtain more detailed information regarding the names and interests in the Merger of the directors and officers of each of IVCB and nexxbuild with respect to the Merger in the proxy statement/prospectus for the Merger when available and in such companies’ respective filings with the Securities and Exchange Commission (the “SEC”), the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, amendments and supplements, and other documents filed with the SEC. Such information with respect to nexxbuild’s managers and executive officers will also be included in the proxy statement/prospectus. You may obtain free copies of these documents as described below under the heading “Additional Information and Where to Find It.”
No Offer or Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the Merger. The press release shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities of IVCB or nexxbuild in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of the federal securities laws with respect to the proposed transaction between nexxbuild and IVCB. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “think,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “seeks,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.
These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including but not limited to: (i) the risk that the transactions may not be completed in a timely manner or at all; (ii) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; (iii) the failure to achieve the minimum amount of cash available following any redemptions by IVCB’s stockholders; (iv) redemptions exceeding anticipated levels or the failure to meet initial listing standards in connection with the consummation of the transactions; (v) the effect of the announcement or pendency of the transactions on nexxbuild business relationships, operating results, and business generally; (vi) changes in the markets in which nexxbuild competes, including with respect to its competitive landscape, technology evolution, or regulatory changes; (vii) changes in domestic and global general economic conditions; (viii) costs related to the transactions and the failure to realize anticipated benefits of the transaction or to realize estimated pro forma results and underlying assumptions, including with respect to estimated stockholder redemptions; (ix) the ability to recognize the anticipated benefits of the transactions and to achieve its commercialization and development plans, and identify and realize additional opportunities, which may be affected by, among other things, competition, the ability of nexxbuild to grow and manage growth economically and hire and retain key employees and to develop and acquire other construction supply platforms; (x) the risk that nexxbuild may fail to keep pace with rapid technological developments to provide new and innovative products and services; and (xi) those factors discussed in IVCB’s filings with the SEC and that that will be contained in the proxy statement/prospectus relating to the transactions.
The foregoing list of factors is not exhaustive. And forward-looking statements speak only as of the date of this press release. Accordingly, these forward-looking statements should not be relied upon as representing IVCB or nexxbuild assessments as of any date after the date of this press release. Further, readers are cautioned not to put undue reliance on forward-looking statements. While IVCB and nexxbuild may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law. Neither of IVCB nor nexxbuild gives any assurance that IVCB or nexxbuild, or the combined company, will achieve its expectations. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of IVCB and/or nexxbuild. You should carefully consider the foregoing factors and the other risks and uncertainties that will be described in the “Risk Factors” section of the proxy statement/prospectus and the amendments, the definitive proxy statement/prospectus to be filed in connection with the transactions, and other documents to be filed by IVCB from time to time with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on April 11, 2024 and any subsequent filings. All forward-looking statements are expressly qualified in their entirety by such factors. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Copies will be available on the SEC's website, www.sec.gov.
All forward-looking statements are expressly qualified in their entirety by such factors. IVCB does not undertake any duty to update any forward-looking statement except as required by law.
Additional Information and Where to Find It
In connection with the Merger, IVCB intends to file with the SEC a registration statement on Form S-4 (the “Registration Statement”), which will be both the proxy statement to be distributed to the shareholders of IVCB in connection with IVCB’s solicitation of proxies for the vote by its shareholders with respect to the proposed transaction and other matters as may be described in the definitive proxy statement/prospectus, as well as a prospectus relating to the offer and sale of the securities to be issued in the proposed transaction. Shareholders are encouraged to read the Registration Statement, when available, as it will contain important information.
This press release does not contain any information that should be considered by IVCB’s shareholders or nexxbuild’s members concerning the proposed transaction and is not intended to constitute the basis of any voting or investment decision in respect of the proposed transaction or the securities of the combined company. The respective shareholders of IVCB and nexxbuild and other interested persons are advised to read, when available, Registration Statement and documents incorporated by reference therein filed in connection with the Merger, as these materials will contain important information about IVCB, nexxbuild, and the Merger.
When available, the definitive proxy statement/prospectus and other relevant materials for the Merger will be mailed to shareholders of IVCB as of a record date to be established for voting on the Merger. Shareholders of IVCB will also be able to obtain copies of the Registration Statement, the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed with the SEC, without charge, once available, at the SEC’s web site at www.sec.gov or by directing a request to IVCB at Century Yard, Cricket Square, Elgin Avenue, P.O. Box 1111, George Town, Grand Cayman KY1-1102, Cayman Islands.
Contact
IVCB
Century Yard, Cricket Square, Elgin Avenue, P.O. Box 1111,
George Town, Grand Cayman KY1-1102, Cayman Islands
Attn: Vikas Mittal
212-207-0090
FAQ
What is the purpose of the nexxbuild merger with Investcorp Europe Acquisition Corp I (IVCB)?
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What is nexxbuild's 'people first, tech forward' vision?
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