Ropes & Gray Advises Monomoy Capital in Sale of Construction Resources Holdings
Ropes & Gray advised Monomoy Capital Partners on the sale of Construction Resources Holdings to International Designs Group, a portfolio company of Mill Point Capital. Terms of the transaction were not disclosed. The announcement was made on July 18 in a press release.
Construction Resources Holdings is the market-leading distributor of value-added building products in the U.S. Southeast. Monomoy Capital Partners is a private investment firm with over $2.7 billion in assets under management. Monomoy invests in the equity and debt of middle-market businesses that can benefit from operational and financial improvement with a focus on industrial and consumer product sectors in North America and Europe.
The Ropes & Gray team that advised Monomoy was led by private equity partner Scott Abramowitz, and included private equity partner Samuel Levitt, leveraged finance partner Andrea Hwang, tax partner Pamela Glazier, benefits partner Alexandra Alperovich, real estate counsel Annise Maguire, benefits counsel Gregory Demers, and IP transactions counsel Thomas Burke.