September 13, 2007
New Haven, Connecticut – September 13, 2007 – Woodbridge, LLC., an innovative middle-market mergers and acquisitions firm, is pleased to announce the sale of its client, Florida Waterproofing Supply, Inc., to Allied Building Products Corp.
Founded in 1972, Florida Waterproofing Supply is a rapidly growing distributor of specialty construction products to the commercial building and construction industries. The company operates out of seven locations throughout Florida and provided an ideal strategic fit with Allied Building Products.
“We are delighted that we were able to find a superb buyer for our client, one who sees the company’s value and growth potential – and has the resources to bring it to the next level,” said Robert M. Koenig, president of Woodbridge.
Woodbridge’s marketing campaign for Florida Waterproofing reached over 3,600 prospective financial and strategic buyers. Forty-five prospective buyers received the confidential memorandum, resulting in two highly qualified buyers submitting a series of competitive bids.
“Having generated tremendous market interest in Florida Waterproofing, Woodbridge was able to close the all-cash deal within nine months from engagement,” said Terry Towson, president of Florida Waterproofing Supply.
Allied Building Products’ parent company is CRH plc, a public company listed on the Irish and London Stock Exchanges and traded on the New York Stock Exchange. Headquartered in Ireland, CRH’s core business is value-added building products. It operates in 28 countries and employs approximately 80,000 people.
Woodbridge, LLC., a global, marketing-driven M&A firm, was founded in 1993 to provide divestiture and acquisition services to middle market companies in a variety of industries.