Three years after the Beloit, Wis.-based specialty dealer acquired Bradco Supply in 2010, the deal’s sponsor investor group Advent International and other minority shareholders exited their investment in ABC Supply’s parent holding group, ABC announced March 11. The transaction is expected to close April 23, at which point ABC Supply co-founder Diane M. Hendricks will own 100% of the company’s shares.
“We are pleased that our operating performance has allowed both majority and minority shareholders to accelerate their plans for the share redemption,” ABC Supply CEO and president David Luck said in a statement Monday.
ABC Supply ranked as the nation’s top dealer on the 2012 ProSales 100 list of leading building material dealers and distributors, posting $4.5 billion in sales to the pros across 451 locations in 2011.
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