Builders is a leading Canadian distributor of industrial and commercial building materials with three locations in the Greater Toronto Area. The Company has an eighty-five year track record in providing quality building materials in addition to outstanding customer service.
NewPoint was retained by Builders’ Supplies Limited II ("Builders") as its exclusive financial advisor to facilitate a sale of the Company. NewPoint advised Builders in a highly targeted and confidential divestiture, and played a key role in the evaluation, negotiation and closing of the sale process.
Foundation Building Materials Inc. (NYSE: FBM), a US-based building materials distributor with operations across North America, acquired Builders to expand its geographic footprint in Canada.