# Bain Capital sells stake in US LBM to Platinum Equity

Bain Capital Private Equity agreed to sell a stake in US LBM, a specialty building materials distributor, to Platinum Equity, giving both firms equal ownership. The transaction is expected to close by Q1 2024.

- Type: Acquisition
- Announced: 2023-10-01
- Where: United States
- Status: announced
- Products: specialty building materials
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [US LBM Holdings](https://endata.com/companies/49171.md)
- [Platinum Equity](https://endata.com/companies/1087.md) (acquirer)
- [Bain Capital Private Equity](https://endata.com/companies/1255.md) (investor)
- [Bain Capital Private Equity](https://endata.com/companies/1255.md) (partner)
- [Kohler Co.](https://endata.com/companies/21940.md) (partner)
- [Kohler Co.](https://endata.com/companies/21940.md) (target)
- [US LBM Holdings](https://endata.com/companies/49171.md) (target)
- [Kohler Energy](https://endata.com/companies/73502.md) (target)

## Sources

- [kirkland.com](https://www.kirkland.com/news/press-release/2023/10/kirkland-advises-bain-capital-private-equity-and-us-lbm-on-sale-of-stake-in-us-lbm), 2023-10-01: "Bain Capital and Platinum Equity will have equal ownership stakes and joint board governance."
- [news.uslbm.com](https://news.uslbm.com/us-lbm-announces-joint-ownership-agreement-with-bain-capital-private-equity-and-platinum-equity/), 2023-10-16: "US LBM today announced the signing of a definitive agreement for Platinum Equity to acquire a stake in the company from Bain Capital Private Equity."
- [whbl.com](https://whbl.com/2023/11/06/kohler-energy-agrees-to-acquisition-by-platinum-equity/), 2023-11-06: "Platinum Equity will now become the majority investment partner of Kohler Energy, encompassing Power Systems, Home Energy, Kohler Uninterruptible Power, Clarke Energy, Curtis Instruments and Heila Technologies."
- [bloomberg.com](https://www.bloomberg.com/news/articles/2023-11-06/platinum-equity-agrees-to-buy-kohler-s-generators-division), 2023-11-06: "Platinum Equity has agreed to take control of Kohler Co.'s business making generators for personal, residential and industrial use."
- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/platinum-equity-agrees-to-buy-kohlers-generators-division), 2023-11-06: "Platinum Equity has agreed to take control of Kohler Co.'s business making generators for personal, residential and industrial use."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.