Post-Pandemic Construction Boom
The construction industry experienced a surge in demand as the world recovered from the pandemic, according to Private Equity Wire. Foundation Building Materials (FBM) adopted a buy and build strategy to leverage this growth.
FBM’s Strategic Approach
FBM’s buy and build strategy was supported by an investment from American Securities, which focused on developing an e-commerce platform to serve its specialized customer base. American Securities Senior Partner Kevin Penn discussed FBM’s buy and build approach in the context of this investment.
E-commerce Platform Development
The investment from American Securities drove the creation of FBM’s e-commerce platform, aimed at targeting its specialized customers. Kevin Penn also covered how FBM developed this platform and strategies to reach its target audience, according to Private Equity Wire. Additionally, he addressed maintaining efficiency during growth periods.
Role of Co-Investors
CD&R served as a co-investor, providing operational expertise to FBM’s initiatives. Kevin Penn highlighted this expertise in discussions, as noted in the source material, according to Private Equity Wire.
