Guardian Building Products acquired by private investment firm
A Los Angeles-based private investment firm has acquired Guardian Building Products.
Company representatives, in an email to LBM Journal, confirmed the sale. “Pacific Avenue is a Los Angeles-based private investment firm with deep expertise in the building products sector and an emphasis on driving growth,” the company said.
Jim Becker, GBP President & COO, added, “We are confident that Pacific Avenue will be partners that allow us to continue our tradition of excellent service, maintaining deep industry expertise and continuing to build strong relationships with our suppliers and our customers.”
In a late Friday email to customers and obtained by LBM Journal, Guardian Building Products President & COO Jim Becker stressed that customers “will experience no difference with GBP’s performance or service level” due to the acquisition.
Dear Valued Customer,
I am happy to inform you that Guardian Building Products, Inc. (GBP) has been acquired by Pacific Avenue Capital Partners, LLC (Pacific Avenue). Pacific Avenue is a Los Angeles-based private investment firm with deep expertise in the building products sector and an emphasis on driving growth. The value in the GBP business is created through the support and partnership of customers like you, and I am pleased to say that Pacific Avenue recognizes this value. We are confident that the change in ownership better positions GBP to support your business more effectively with existing and new products, product expertise, training and on-time deliveries without constraints.
It is important to highlight that you will experience no difference with GBP’s performance or service level. Although GBP will now be a standalone business, you will experience continuity in service and can expect to speak to the same salespeople, be provided all of the same products, and remain with the same account services team. Most importantly, the relationship that you have with any part of GBP, whether it be at one of our warehouses, with one of our traders, or with our credit department, will not change.
Please feel free to contact anyone at GBP if a question arises, or simply reach out to me directly. We are excited about this change and the opportunity to grow our businesses together even further.
Thank you for your past support, and I look forward to our future dealings.
President & COO