Kelso Fund IX Closes Acquisition of US LBM Holdings, LLC

August 20, 2015

Kelso is pleased to announce that on August 20, 2015, we closed the acquisition of US LBM Holdings, LLC (“US LBM” or the “Company”). BlackEagle Partners and the Company’s management team will remain investors in the Company.

US LBM is a leading building products distributor across 22 states with over 160 locations. It serves builders, remodelers and specialty contractors throughout the United States. US LBM is one of the fastest growing companies in the industry. The US LBM model is to serve as a platform for further investments and acquisitions in the pro dealer market—preferably in partnership with current ownership/management. US LBM encourages those individual businesses to operate as local divisions while enjoying the capital and other resources of a much larger national organization.