Specialty Building Products Inc, a branded specialty building products distributor, has filed Form S-1 Registration Statement on January 4, 2022 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce.
The company has grown revenues at an approximate compound annual growth rate (“CAGR”) of 24.9% and transformed our business into a national distribution platform with 38 locations serving 42 states and all provinces in Canada. They serve a critical role and function in the residential building products supply chain and provide value-added services.
The Duluth, Georgia-based company was founded in 1987 and booked $2.3 billion in revenue for the 12 months ended September 30, 2021. It plans to list on the Nasdaq Capital Market under the symbol “SBP.” Barclays, Goldman Sachs, RBC Capital Markets, BofA Securities, Jefferies, Baird, Raymond James, Truist Securities, and WR Securities are underwriters of the IPO.
The company engages Kirkland & Ellis LLP as US Securities Counsel, and PricewaterhouseCoopers LLP as Independent Auditor.
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