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American Securities and CD&R Complete $8.8B Foundation Building Materials Sale

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Lowe's (NYSE: LOW) completed the acquisition of Foundation Building Materials on October 9, 2025 in a transaction valued at approximately $8.8 billion. Foundation Building Materials is a North American distributor of interior building products including drywall, metal framing, ceiling systems, commercial doors and hardware, and insulation.

Under prior owners American Securities and CD&R, FBM grew to a network of over 370 locations serving 40,000 Pro customers and delivered 27% per annum revenue growth and 31% per annum EBITDA growth since 2021. FBM will join Lowe's Total Home strategy to expand products and services for Pro and consumer customers.

Lowe's (NYSE: LOW) ha completato l'acquisizione di Foundation Building Materials il 9 ottobre 2025 in una transazione valutata a circa $8,8 miliardi. Foundation Building Materials è un distributore nordamericano di prodotti interni per l'edilizia tra cui cartongesso, strutture metalliche, sistemi per soffitti, porte e ferramenta commerciali e isolamento.

Sotto i precedenti proprietari American Securities e CD&R, FBM è cresciuta fino a diventare una rete di oltre 370 sedi, servendo 40.000 clienti Pro e registrando progressi annui del fatturato del 27% e progressi annui dell'EBITDA del 31% dal 2021. FBM entrerà nella strategia Total Home di Lowe's per ampliare i prodotti e i servizi per i clienti Pro e i consumatori.

Lowe's (NYSE: LOW) completó la adquisición de Foundation Building Materials el 9 de octubre de 2025 en una operación valorada en aproximadamente $8,8 mil millones. Foundation Building Materials es un distribuidor norteamericano de productos de construcción interior que incluyen yeso, marcos metálicos, sistemas de techo, puertas comerciales y herrajes, e aislantes.

Bajo los antiguos propietarios American Securities y CD&R, FBM creció hasta una red de más de 370 ubicaciones, atendiendo a 40.000 clientes Pro y registró un crecimiento de ingresos del 27% anual y un crecimiento del EBITDA del 31% anual desde 2021. FBM se unirá a la estrategia Total Home de Lowe's para ampliar productos y servicios para clientes Pro y de consumo.

Lowe's(NYSE: LOW)는 2025년 10월 9일 Foundation Building Materials 인수를 약 88억 달러 규모의 거래로 완료했습니다. Foundation Building Materials는 북미 내장건축 자재 유통업체로 석고보드, 금속 프레이밍, 천장 시스템, 상업용 문 및 하드웨어, 단열재 등을 다룹니다.

전 경영진 American Securities와 CD&R 산하에서 FBM은 370곳이 넘는 네트워크로 성장하여 40,000명의 Pro 고객에게 서비스를 제공했고 2021년 이후 연간 매출은 27% 성장, EBITDA는 연간 31% 성장을 기록했습니다. FBM은 Lowe's의 Total Home 전략에 합류하여 Pro 및 일반 소비자 고객을 위한 제품과 서비스를 확장할 것입니다.

Lowe's (NYSE: LOW) a finalisé l'acquisition de Foundation Building Materials le 9 octobre 2025 dans une opération évaluée à environ 8,8 milliards de dollars. Foundation Building Materials est un distributeur nord-américain de produits intérieurs de construction, y compris le plâtre, les cadres métalliques, les systèmes de plafonds, les portes et quincaillerie commerciales et l'isolation.

Sous les anciens propriétaires American Securities et CD&R, FBM est passé à un réseau de plus de 370 sites, desservant 40 000 clients Pro et enregistrant une croissance annuelle du chiffre d'affaires de 27% et une croissance de l'EBITDA de 31% depuis 2021. FBM rejoindra la stratégie Total Home de Lowe's pour étendre les produits et services pour les clients Pro et les consommateurs.

Lowe's (NYSE: LOW) schloss die Übernahme von Foundation Building Materials am 9. Oktober 2025 in einer Transaktion im Wert von ca. 8,8 Milliarden USD ab. Foundation Building Materials ist ein nordamerikanischer Distributor von Innenausbauprodukten, einschließlich Trockenbau, Metallrahmenkonstruktionen, Decken-Systeme, kommerziellen Türen und Beschlägen sowie Isolierung.

Unter den bisherigen Eigentümern American Securities und CD&R wuchs FBM zu einem Netzwerk von mehr als 370 Standorten, bediente 40.000 Pro-Kunden und verzeichnete seit 2021 ein jährliches Umsatzwachstum von 27% sowie ein EBITDA-Wachstum von 31% pro Jahr. FBM wird sich Lowe's Total Home-Strategie anschließen, um Produkte und Dienstleistungen für Pro- und Verbraucherkunden zu erweitern.

أتمت Lowe's (بورصة نيويورك: LOW) استحواذها على Foundation Building Materials في 9 أكتوبر 2025 في صفقة تقدر قيمتها بنحو 8.8 مليار دولار. Foundation Building Materials هي موزع شمال أمريكي لمنتجات البناء الداخلية بما في ذلك الجبس، والهياكل المعدنية، وأنظمة الأسقف، والأبواب التجارية والمواد hardware، والعزل.

تحت الملاك السابقين American Securities وCD&R، نمت FBM لتصبح شبكة تضم أكثر من 370 موقعاً تخدم 40,000 عميل Pro وبلغت نمواً في الإيرادات بمعدل 27% سنوياً ونمو EBITDA بمعدل 31% سنوياً منذ 2021. ستنضم FBM إلى استراتيجية Lowe's Total Home لتوسيع المنتجات والخدمات لعملاء Pro والمستهلكين.

Lowe's(NYSE: LOW)于 2025年10月9日 完成对 Foundation Building Materials 的收购,交易估值约为 88亿美元。Foundation Building Materials 是北美 interior 建材的经销商,产品包括石膏板、金属龙骨、天花板系统、商业门及五金和绝缘材料。

在前任所有者 American Securities 与 CD&R 的带领下,FBM 已发展成为一个拥有 370 多个网点、为 40,000 名 Pro 客户 提供服务的网络,自 2021 年以来实现了每年 27% 的营业收入增长以及 31% 的 EBITDA 增长。FBM 将加入 Lowe's 的 Total Home 战略,扩大面向专业和消费者客户的产品与服务。

Positive
  • $8.8B acquisition completed on October 9, 2025
  • 370+ locations across the United States and Canada added to Lowe's footprint
  • 27% revenue CAGR and 31% EBITDA CAGR at FBM since 2021
Negative
  • None.

Insights

Lowe's completed an $8.8 billion acquisition of Foundation Building Materials, adding a large pro-distribution network to its Total Home strategy.

Foundation Building Materials brings a network of over 370 locations and a customer base of 40,000 pros, and the sellers report 27% annual revenue growth and 31% annual EBITDA growth since 2021. The deal value of 8.8 billion signals a major expansion of product and channel breadth within Lowe's stated Total Home approach.

Key dependencies include successful operational integration, preservation of long-standing supplier relationships, and retention of the pro customer base as FBM joins Lowe's platform. Watch execution milestones and early integration indicators across the next several quarters to assess whether scale benefits and channel synergies materialize.

NEW YORK, Oct. 9, 2025 /PRNewswire/ -- American Securities LLC ("American Securities") and CD&R today announced they completed the sale of Foundation Building Materials, Inc. ("FBM" or the "Company"), a leading building materials and construction products distribution company, to Lowe's Companies, Inc. ("Lowe's") (NYSE: LOW), in a transaction valued at approximately $8.8 billion.

FBM is a leading North American distributor of interior building products, including drywall, metal framing, ceiling systems, commercial doors and hardware, insulation and complementary products serving large residential and commercial professionals in both new construction and repair and remodel applications. FBM will join Lowe's Total Home strategy, which provides a full complement of products and services for Pros and Consumers alike, enabling a Total Home solution for every need in the home.

Kevin Penn, Partner at American Securities, commented: "We want to thank Ruben Mendoza and the entire Foundation Building Materials team for their exceptional partnership over the last four and a half years, and we are excited to see the company enter its next chapter under Lowe's ownership."

"We are proud to have supported Ruben Mendoza and the FBM team as they set the foundation for accelerated organic growth and strengthened the business," said Tyler Young, Principal at CD&R. "We believe FBM will be an outstanding platform in partnership with Lowe's to serve pro customers and build on long-standing supplier relationships."

Under the ownership of American Securities and CD&R, FBM became an industry leader, with a network of over 370 locations in the United States and Canada serving 40,000 Pro customers. Since its acquisition in 2021, the company has experienced exceptional growth resulting in 27% per annum revenue growth and 31% per annum EBITDA growth.

About FBM 
Founded in 2011 and headquartered in Santa Ana, California, FBM is an industry-leading building materials and construction products distribution company. With over 370 locations across the U.S. and Canada, FBM has an expansive North American reach with a mission to serve the changing needs of the professional construction trades. For more information, visit www.fbmsales.com.

About American Securities 
Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion. American Securities and its affiliates have more than $23 billion under management. For more information, visit www.american-securities.com.

About CD&R 
Founded in 1978, CD&R is a leading private investment firm with a strategy of generating strong investment returns by building more robust and sustainable businesses through the combination of skilled investment experience and deep operating capabilities. In partnership with the management teams of its portfolio companies, CD&R takes a long-term view of value creation and emphasizes positive stewardship and impact. The firm invests in businesses that span a broad range of industries, including industrial, healthcare, consumer, technology and financial services end markets. CD&R is privately owned by its partners and has offices in New York and London. For more information, please visit www.cdr.com and follow the firm's activities through LinkedIn and @CDRBuilds on X/Twitter.

Media Contacts 
Prosek Partners for American Securities
Joshua Rosen / Devin Shorey
pro-americansecurities@prosek.com

CD&R
Jon Selib
jselib@cdr.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/american-securities-and-cdr-complete-8-8b-foundation-building-materials-sale-302579687.html

SOURCE American Securities LLC

FAQ

What did Lowe's (LOW) acquire on October 9, 2025?

Lowe's acquired Foundation Building Materials in a transaction valued at approximately $8.8 billion.

How large is Foundation Building Materials' network being added to Lowe's (LOW)?

FBM operates a network of over 370 locations across the United States and Canada.

What customer base does FBM bring to Lowe's (LOW)?

FBM serves about 40,000 Pro customers focused on new construction and repair/remodel applications.

What growth did FBM report under American Securities and CD&R?

Since 2021 FBM reported approximately 27% per annum revenue growth and 31% per annum EBITDA growth.

How will the FBM deal affect Lowe's Total Home strategy?

FBM will join Lowe's Total Home strategy to provide expanded products and services for both Pro and consumer customers.

When was the Foundation Building Materials sale to Lowe's announced as completed?

The sale was announced as completed on October 9, 2025.
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