Cornerstone Building Brands, Inc.

Cornerstone Building Brands, Inc.

Cornerstone Building Brands, Inc.

Overview
Date Founded

1984

Headquarters

10943 North Sam Houston,Parkway West,Houston, TX 77064

Type of Company

Public

Employees (Worldwide)

20.1K

Industries

Building Products & Construction Materials
Other Manufacturing
Metal Manufacturing & Products

Company Description

Cornerstone Building Brands, Inc. engages in the design, engineer and manufacture external building products. It operates through the following segments: Commercial, Siding, and Windows. The Commercial segment produces and distributes metal products for the nonresidential construction market. The Siding segment comprises of vinyl siding and skirting, steel siding, vinyl and aluminum soffit, aluminum trim coil, aluminum gutter coil, aluminum gutters, aluminum and steel roofing accessories, wide crown molding, window and door trim, fascia, undersill trims, outside and inside corner posts, rain removal systems, and injection molded designer accents. The Windows segment consists of vinyl, aluminum-clad vinyl, aluminum, wood and clad-wood windows and patio doors and steel, wood, and fiberglass entry doors that serve both the new construction and the home repair, and remodeling sectors. The company was founded by Johnie Schulte in 1984 and is headquartered in Cary, NC.

Executives & Employees

Chairman & Chief Executive Officer

Treasurer, Chief Financial & Accounting Officer

Chief Marketing Officer

Chief Information Officer & Vice President

Executive Vice President & Chief Human Resources Officer

Chief Innovation Officer

President, Ply GEM Canada

Executive Vice President-Operations

President, Coaters & Manufacturing

Executive Vice President, Chief Legal, Risk & Compliance Officer & Corporate Secretary

Board of Directors

Chairman & Chief Executive Officer at Cornerstone Building Brands, Inc.

Chief Financial Officer & Chief Accounting Officer at Parsons Corporation

Partner at Clayton Dubilier & Rice LLC

President at Greentree Advisors LP

Public Affairs at KENTUCKY CHAMBER OF COMMERCE INC

Founder at Quoin International, Inc.

President & Chief Executive Officer-GE Energy Management at General Electric Company

Former Director of Human Resources at Lexmark International, Inc.

Operating Partner at Clayton Dubilier & Rice LLC

Chief Executive Officer at Clayton Dubilier & Rice LLC

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Cornerstone Building Brands, Inc.
Owners & Shareholders
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Founded in 1978, Clayton, Dubilier & Rice LLC is a private equity firm located in New York City. The firm is a subsidiary of Clayton Dubilier & Rice Holdings LP. Their investors include financial institutions, university endowments and corporate and public pension funds.

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Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $12 billion of capital under management. Golden Gate Capital is dedicated to partnering with world-class management teams to invest in change-intensive, growth businesses. The firm targets investments in which there is a demonstrable opportunity to significantly enhance a company’s value. The principals of Golden Gate Capital have a long and successful history of investing with management partners across a wide range of industries and transaction types. Other notable Industrials investments sponsored by Golden Gate Capital include U.S. Silica, EP Minerals, ArrMaz and Atrium.

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Coliseum Capital Management (CCM) focuses primarily on sponsoring and providing advice to private investment partnerships that principally make longer-term investments in both public and private companies. The firm provides investment advisory services to Coliseum Capital Partners LP (CCP), Coliseum Capital Partners II LP (CCP II), Coliseum Capital Co-Invest LP (CCC), and Coliseum Co-Invest Debt Fund LP (COC). The general partner of the Funds is Coliseum Capital LLC.CCP and CCP II invest and trade in securities, consisting principally, but not solely, of private and public securities that are issued by smaller capitalization companies operating in US and Canadian markets. CCM may also invest a portion of CCP and CCP II assets in illiquid securities that are restricted from transfer, which generally are restricted securities of public and private companies.CCC is a co-investment vehicle that invests alongside CCP in a concentrated number of securities issued by publicly-traded companies in which a manager of the General Partner serves on the Board of Directors (the “CCC Portfolio Companies”). CCC only invests in securities of CCC Portfolio Companies in which CCP has invested or is also investing.COC is a co-investment vehicle that invests alongside CCP primarily in debt instruments of publicly-traded and private companies (“COC Portfolio Companies”). COC may also in certain circumstances hold equity securities of COC Portfolio Companies in the form of reorganized equity issued in exchange for debt, as an “equity kicker” or as part of a follow-on investment.CCM makes long-term investments in both public and private companies. The firm's investment approach is designed to identify undervalued or under-utilized assets and stress signals, etc. Their methods incorporate metric that range from cash flow yields, comparable leverage valuation to announced defaults, historical returns on invested capital and more. On behalf of their clients, CCM may make investments at every level of the capital structure, in both liquid and illiquid, and public and private securities. They expect generally to hold only 8 to 12 core positions.

Recent Transactions
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Cornerstone Building Brands, Inc. purchases Environmental Materials LLC from Mid Oaks Investments LLC, Gallagher Enterprises LLC

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Cornerstone Building Brands, Inc. purchases Ply Gem Holdings, Inc. from Clayton Dubilier & Rice LLC

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Cornerstone Building Brands, Inc. issued USD Common Stock

Insider Transactions
Details Hidden
Transaction Advisors
Accountant

Advised onCornerstone Building Brands, Inc. purchases Metal Building Components LP from BTR Plc

Escrow Agent

Advised onCornerstone Building Brands, Inc. issued USD Common Stock

Legal Advisor

Advised onCornerstone Building Brands, Inc., Clayton Dubilier & Rice LLC, Steelbuilding.com LLC purchase CENTRIA Corp. from RiverFront Investment Group LLC, SMST Management Corp.

Legal Advisor

Advised onCornerstone Building Brands, Inc., Clayton Dubilier & Rice LLC, Steelbuilding.com LLC purchase CENTRIA Corp. from RiverFront Investment Group LLC, SMST Management Corp.

Legal Advisor

Advised onCornerstone Building Brands, Inc., Clayton Dubilier & Rice LLC, Steelbuilding.com LLC purchase CENTRIA Corp. from RiverFront Investment Group LLC, SMST Management Corp.

Legal Advisor

Advised onCornerstone Building Brands, Inc. purchases Environmental Materials LLC from Mid Oaks Investments LLC, Gallagher Enterprises LLC

Advisors & Consultants
Legal Advisor

Partner at Debevoise & Plimpton LLP

Advisor

Partner at Debevoise & Plimpton LLP

Clients

BlueLinx Holdings, Inc. engages in the distribution of building and industrial products. Its products include two principal categories: structural and specialty. Structural products include plywood, oriented strand board, rebar and remesh, lumber, spruce and other wood products primarily used for structural support, walls, and flooring in construction projects. Specialty products include engineered wood products, moulding, siding, cedar, metal products and insulation. The company was founded in May 2004 and is headquartered in Atlanta, GA.

Huttig Building Products, Inc. engages in the domestic distribution of millwork, building materials and wood products. It offers its services to new residential construction and in-home improvement, remodeling, and repair work. The company was founded by William H. Huttig and Charles H. Huttig in 1885 and is headquartered in St. Louis, MO.

Beacon Roofing Supply, Inc. is one of the largest distributors of residential and non-residential roofing and complementary building products in North America. We currently consist of 13 regional companies in 38 states and 6 Canadian Provinces with 229 locations and more than 2,800 employees. We are known throughout the building supply industry for having quality people, quality service and quality building products. Beacon’s mission is to be the leading North American supplier to commercial and residential roofing and exterior building contractors through a family of long-established regional suppliers and to add value to our contractor customers' businesses, to our employees' careers, to our investors' assets, and to our suppliers' products. Our local branches stock a comprehensive product line that caters to their markets. In addition to roofing, local product offerings can include windows, siding, decking, waterproofing and many other external building products. Our status as a leader in our industry allows us to develop strong partnerships with leading brand manufacturers and to stock an unmatched supply of the professional components necessary for the quality, timely completion of our contractor-customers projects. We provide our customers with a comprehensive array of value-added services which distinguish us from our competition. We have earned a reputation for excellent employees, professionalism and high-quality service. We believe that quality service does not end with the delivery of materials – it ends with the successful completion of the project. As a result, “partnerships” are formed between Beacon branches and our customers that go beyond the industry norm. Beacon has grown by expanding its existing regions and by making strategic acquisitions. Our business is well-balanced between new and re-roof applications in both residential and commercial markets. A highly scalable platform, a proven business model, results-oriented management and a strong people-focused corporate culture give us a solid foundation for continued growth. Beacon Roofing Supply is publicly traded on the NASDAQ stock market under the symbol BECN. In June of 2006 Beacon Roofing Supply was named to the NASDAQ Global Select Market

Key Stats and Financials As of 2019
Market Capitalization
$1.19B
Total Enterprise Value
$4.46B
Earnings Per Share
$-0.12
Revenue
$4.89B
Enterprise Value / Sales
0.91x
Enterprise Value EBITDAOperating
7.58x
TEVNet Income
-289.88x
Debt TEV
0.78x
EBITDAMargin
11.18%
Total Equity
$935M
EBITDA
$547M
Total Debt
$3.5B
Net Profit
$-15.4M
Three Year Compounded Annual Growth Rate Of Revenue
42.64%
Investors
Details Hidden

Founded in 1978, Clayton, Dubilier & Rice LLC is a private equity firm located in New York City. The firm is a subsidiary of Clayton Dubilier & Rice Holdings LP. Their investors include financial institutions, university endowments and corporate and public pension funds.

Suppliers
Hindalco Industries Ltd. Chemicals | Mumbai, India

An industry leader in aluminium and copper, Hindalco Industries Limited, the metals flagship company of the Aditya Birla Group is the world's largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. Its copper smelter is the world’s largest custom smelter at a single location. Established in 1958, we commissioned our aluminium facility at Renukoot in eastern Uttar Pradesh, India in 1962. Later acquisitions and mergers, with Indal, Birla Copper and the Nifty and Mt. Gordon copper mines in Australia, strengthened our position in value-added alumina, aluminium and copper products. The acquisition of Novelis Inc. in 2007 positioned us among the top five aluminium majors worldwide and the largest vertically integrated aluminium company in India. Today we are a metals powerhouse with high-end rolling capabilities and a global footprint in 13 countries. Our consolidated turnover of USD 15.85 billion (Rs. 72,078 crore) places us in the Fortune 500 league.

Competitors
Westlake Chemical Corporation Chemicals - Houston, TX

Westlake Chemical Corp. manufactures and markets petrochemicals, polymers and fabricated building products. It operates through the Olefins and Vinyls segments. The Olefins segment manufactures ethylene, polyethylene, styrene, and associated co-products at the manufacturing facility in Lake Charles and polyethylene at the Longview facility. The Vinyls segment manufactures and sells building products fabricated from polyvinyl chloride, including pipe, fittings, profiles, foundation, building products, fence and deck components, window, and door components, film, and sheet products. The company was founded by Ting Tsung Chao and is headquartered in Houston, TX.

The AZEK Co., Inc. Metal Manufacturing & Products - Chicago, IL

The AZEK Co., Inc. is an industry manufacturer of premium building products that replace traditional materials and provide value through lower maintenance, refined aesthetics and reduced total cost. The company operates through two segments: Residential and Commercial. The Residential consumer consumer brands include TimberTech and AZEK Exteriors. The TimberTech offers a premium portfolio of capped polymer and capped composite decking as well as railing, porch, lighting and paver products. The AZEK Exteriors manufactures distinctly unique trim and moulding. The Commercial segment manufactures engineered sheet products and high-quality bathroom partitions and lockers. The company was founded on August 15, 2013 and is headquartered in Chicago, IL.

Boral Ltd. Building Products & Construction Materials - North Sydney, Australia

Boral Ltd. engages in the provision of building and construction materials. It operates through the following segments: Boral Australia, USG Boral, Boral North America, and Unallocated. The Boral Australia segment comprises quarries, concrete, asphalt, transport, landfill, property, cement and concrete placing, west coast bricks, roofing and masonry, and timber. The USG Boral segment includes fifty-fifty joint venture between USG Corp. and Boral Ltd. responsible for the manufacture and sale of plasterboard and associated products. The Boral North America segment deals with fly ash, block, stone, roofing, light building products and windows. The Unallocated segment involves in the non-trading operations and unallocated corporate costs. The company was founded on March 4, 1946 and is headquartered in North Sydney, Australia.

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