US LBM Holdings, a US distributor of specialty building materials for homebuilders and contractors, withdrew its plans for an initial public offering on Friday. It originally filed in May 2017 with an estimated deal size of $250 million and last updated its prospectus in March 2019. The company announced that it would be acquired by Bain Capital Private Equity this past November.
Primary shareholders include Kelso & Co. and BlackEagle Partners.
The Buffalo Grove, IL-based company was founded in 2009 and booked $3.4 billion in revenue for the 12 months ended September 30, 2019. It had planned to list on the NYSE under the symbol LBM. Barclays, Credit Suisse, RBC Capital Markets, Citi, Truist Securities and Wells Fargo Securities were set to be the joint bookrunners on the deal.
