Cornerstone Building - M&A Summary, Ownership, and Business Overview

Building MaterialsCompany

Cornerstone Building M&A Summary

Cornerstone Building has acquired 12 companies of its own, including 8 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 3 assets.

Cornerstone Building’s largest acquisition to date was in 2014, when it acquired CENTRIA for $245M. It’s largest disclosed sale occurred in 2021, when it sold Cornerstone Building Brands - Insulated Metal Panels Business to Nucor for $1.0B. Cornerstone Building has acquired in 6 different US states, and 2 countries. The Company’s most targeted sectors include building materials (90%) and manufacturing (10%).

Cornerstone Building Ownership

Who owns Cornerstone Building?

Cornerstone Building is owned by CD&R. It was acquired on March 7, 2022.

Is Cornerstone Building PE-backed?

Yes. Cornerstone Building is owned by private equity investor CD&R.

Was Cornerstone Building formerly PE-backed?

Yes. Cornerstone Building was formerly owned by 1 private investor.

Cornerstone Building Business Overview

Where is Cornerstone Building headquartered?

Cornerstone Building is headquartered in Cary, North Carolina.

What is Cornerstone Building’s revenue?

Cornerstone Building disclosed revenue of 4,617M USD for 2020 and 4,890M USD for 2019.

How many employees does Cornerstone Building have?

Cornerstone Building has 20,500 employees.

What sector is Cornerstone Building in?

Cornerstone Building is a building materials company.

When was Cornerstone Building founded?

Cornerstone Building was founded in 1984.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity10
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 9
  • M&A Advisors 2

Cornerstone Building

Cornerstone Building Brands, Inc.

5020 Weston Parkway,
Cary, North Carolina 27513
United States,
(866) 419-0042
www.cornerstonebuildingbrands.com

Cornerstone Building is an integrated manufacturer of metal products for the nonresidential building industry. Cornerstone Building was formed in 1984 and is based in Cary, North Carolina.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 5 1 3 - 1 - 10
vol $594M $245M $839M
Sell (0.6/yr) # - - 2 1 - - 3
vol $1.2B $500M $1.7B
  13

Most Recent M&A

Company Date Value Type
MAC Metal Architectural 2023-08-17 - Add-on Acquisition
Saint-Hubert, Quebec · www.macmetalarchitectural.com
Cornerstone Building Brands, Inc. - Coil Coatings Business 2022-04-11 500M USD Divestiture
Mount Waverley, Australia
Union Corrugating Co. 2021-11-09 - Add-on Acquisition
Fayetteville, North Carolina · www.unioncorrugating.com
Cascade Windows 2021-08-02 245M USD Add-on Acquisition
Spokane Valley, Washington · www.cascadewindows.com
NCI Group, Inc. 2021-07-27 168M USD Divestiture
Douglasville, Georgia · www.dbci.com
Cornerstone Building Brands, Inc. - Insulated Metal Panels Business 2021-06-07 1.0B USD Divestiture
Cary, North Carolina
Prime Window Systems LLC 2021-05-03 - Add-on Acquisition
Denver, Colorado · www.primewindowsys.com
Kleary Masonry, Inc. 2020-03-02 - Add-on Acquisition
Sacramento, California
Environmental Materials LLC 2019-02-20 187M USD Add-on Acquisition
Denver, Colorado · www.estoneworks.com
Ply Gem Industries, Inc. 2018-11-16 - Merger
Cary, North Carolina · www.plygem.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Building Materials 9 (90%) 694M (83%) 2 (67%) 1.2B (70%)
Manufacturing 1 (10%) 145M (17%) - -
Chemicals - - 1 (33%) 500M (30%)
Total 10 $839M 3 $1.7B

By Geo

State/Country Buy Value Sell Value
United States 9 839M 2 1.2B
  North Carolina 2 - 1 1.0B
  Washington 2 262M - -
  Colorado 2 187M - -
  Texas 1 145M - -
  Pennsylvania 1 245M - -
  California 1 - - -
  Georgia - - 1 168M
Australia - - 1 500M
Canada 1 - - -
  Quebec 1 - - -
Domestic 9 (90%) 839M (100%) 2 (67%) 1.2B (70%)
Cross-border 1 (10%) - 1 (33%) 500M (30%)
Total 10 $839M 3 $1.7B

Top M&A Advisors

Financial Deals
Rothschild Global Advisory
1
Legal Deals
Debevoise & Plimpton
2

Deal Values

buy # Total
$100M to $1B 4 $822M
< $100M 1 $17M
TOTAL $839M
Largest CENTRIA, Inc.
$245M (2014-11-10)
sell # Total
> $1B 1 $1.0B
$100M to $1B 2 $668M
TOTAL $1.7B
Largest Cornerstone Building Brands, Inc. - Insulated Metal Panels Business
$1.0B (2021-06-07)

M&A Connections

Deals
Acquired from
Investor(s)
40%
4 (40%)
Divested to
Strategic(s)
100%
3 (100%)

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