November 11, 2015

LOS ANGELES, CA and PARIS, FRANCE – November 11, 2015 – OpenGate Capital, a global private equity firm, announced today that it has entered into a period of exclusivity with Wolseley plc, to acquire their France-based business, Bois & Materiaux, (“B&M”), a leading distributor of building materials.

B&M is one of the top three, business-to-business distributors of building materials in France, with two established brands: Réseau Pro and Panofrance. B&M also has a single-branch business, Guimier, a specialty supplier of architectural plaster moldings to the Parisian market. B&M distributes building materials to more than 12,000 smaller, trade customers in the residential market, evenly split between new-build and renovation projects. B&M is headquartered in Rennes, France, generates more than €600 million in revenue, operates from 138 sites, and has 2,500 employees.


About OpenGate Capital

OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation and growth. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California with a European office in Paris, France. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate, build and scale successful businesses. To date, OpenGate Capital, through its legacy and fund investments, has executed more than 30 acquisitions including corporate carve-outs, management buy-outs, special situations and transactions with private sellers across North America and Europe. To learn more about OpenGate, please visit www.opengatecapital.com.

For more information, please contact:


OpenGate Media Contacts

Alanna Chaffin

Email: achaffin@opengatecapital.com

Telephone: +1 (310) 432-7000

 

Mike Sitrick

Sitrick & Company

Email: Mike_Sitrick@sitrick.com

Telephone: (310) 788-2850


OpenGate Business Development Contact

Joshua Adams

Email: jadams@opengatecapital.com

Telephone: +1 (310) 432-7000