PE-Backed Foundation Building Materials Debuts $179M IPO

By Martin O'Sullivan (February 10, 2017, 7:03 PM EST) -- Shares of Foundation Building Materials Inc., a distributor of specialized construction supplies owned by private equity outfit Lone Star Funds, debuted on Friday after the company priced a downsized $179 million initial public offering.

Foundation Building Materials, advised by Gibson Dunn, priced 12.8 million shares at $14, below the previous range of $17 to $19. Underwriters will have the option to purchase an additional 1.92 million shares from Lone Star, the company said Thursday.

Based in Tustin, California, FBM is a specialty distributor of wallboard and suspended ceiling systems, and a fabricator of commercial and industrial mechanical insulation. It has grown...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!