Specialty Building Products Owner Said to Mull $1.1 Billion Sale
- Madison Dearborn working with adviser on auction process
- Chicago-based buyout firm invested in the company in 2017
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Buyout firm Madison Dearborn Partners is considering a sale of Specialty Building Products that could value the business at about $1.1 billion, including debt, according to people familiar with the matter.
The Chicago-based private equity firm is working with an adviser on an auction process for the business, said the people, who asked not to be identified because they weren’t authorized to speak publicly. Specialty, based in Duluth, Georgia, is expected to attract interest from peers and other private equity firms, the people said.