Houlihan Lokey Advises United Materials Inc.

Houlihan Lokey is pleased to announce that United Materials Inc. (UMI) has been acquired by Construction Resources LLC (Construction Resources), a portfolio company of Monomoy Capital Partners (Monomoy). The transaction closed on June 10, 2019.

Since its founding in 2002, UMI has grown into one of the largest wholesale suppliers of stone products in the Southeast. Its countertop slab offerings include quartz, natural stone, porcelain, and recycled glass, in addition to complementary products including tile and sinks. UMI has a diversified customer base, with more than 1,500 customers. UMI has three design centers/distribution facilities located in Naples, Tampa, and Boynton Beach, Florida.

Construction Resources is a 49-year-old company that provides residential and commercial builders/remodelers, as well as homeowners, with a one-stop shop for their kitchen, bath, multifamily cabinets, flooring, appliances, garage doors, fireplaces, glass, mirror, and specialty needs. The staff at Construction Resources has the ability to provide products from several sister companies including Atlanta Marble Mfg., Atlanta Kitchen, Atlanta Glass & Mirror, Florida Bath & Surfaces, CR Home Alabama, Builders Floor Covering & Tile, Builder Specialties, Colonial Lighting, Sewell Appliance, National StoneWorks, and ARD.

Monomoy is a private investment firm with $1.5 billion in committed capital across a family of three investment funds. Monomoy invests in the debt and equity of middle-market businesses that can benefit from operational and financial improvement, with a focus on manufacturing, distribution, and consumer product businesses in North America and Europe.

Houlihan Lokey served as exclusive financial advisor to UMI, and assisted in initiating, structuring, and negotiating the transaction on its behalf. Houlihan Lokey's Specialty Distribution team has earned a reputation for working with premier specialty distribution clients, providing superior client service and delivering outstanding results. This transaction highlights our deep sector expertise, affirms our continued success advising leading specialty building products distributors, and demonstrates our ability to help maximize value for our clients through thoughtful positioning and a tailored M&A sale process.