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Monomoy Capital Partners sells Construction Resources

Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, has sold its portfolio company, Construction Resources Holdings (CR) to International Designs Group (IDG), a portfolio company of Mill Point Capital.

Terms of the transaction have not been disclosed.

Construction Resources is a distributor of value-added building products in the Southeast, including surfaces, appliances and architectural specialty products. The company is headquartered in Atlanta, Georgia, with showrooms, surface galleries and design centres located regionally.

Monomoy initially acquired Constructions Resources and Builder Specialties to create the CR platform. Merging two family-owned and operated businesses that strategically fit together, the new platform sought to capitalise on the attractiveness of the building products industry in the Southeast. In 2019, CR acquired United Materials, Inc helping it expand its product and geographic reach.

Rothschild & Co served as financial advisor to Construction Resources with respect to the transaction; Lincoln International LLC advised the Board of Managers of Construction Resources; while Ropes & Gray LLP served as legal counsel to the company.

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