Press Releases
Golden Circle Advisors Advised Goodrich Brothers, a Leading Manufacturer and Supplier of High-Quality Building Materials, On Its Sale To US LBM backed by Bain Capital and Platinum Equity
Traverse City, Mich. (Feb. 6, 2025) – Golden Circle Advisors, Inc. (“GCA”) served as the exclusive advisor to Goodrich Brothers (“Goodrich”) with respect to its sale to US LBM (“US LBM”), a portfolio company of Bain Capital (“Bain”) and Platinum Equity (“Platinum”). Terms of the transaction were not disclosed.
Founded in 1984, Goodrich Bros. provides millwork, stairways, interior and exterior doors, windows and hardware to residential and commercial builders throughout Michigan. Tony Goodrich, who joined the organization in 1990, will continue running day-to-day operations.
Golden Circle’s approach to professionally run processes and expertise in closing deals with large strategic buyers like US LBM yielded the perfect partnership between two very well-run companies.
“The entire team at Goodrich Bros. is looking forward to joining US LBM,” said Tony Goodrich. “This partnership will allow us to continue serving our communities, while generating new opportunities for our associates and customers.”
Al Goodrich, Owner of Goodrich shared, “Golden Circle provided tremendous value to our process, they provided us top level attention and expertise throughout the transaction. We felt like their top priority and they were a major factor in us achieving the best possible outcome with the right partner.”
Tony Goodrich, Owner of Goodrich shared, “We felt like we got the A-team from Golden Circle from start to finish. Their expertise in dealing with large institutional buyers like US LBM made our lives easier throughout the process and helped ensure the optimal outcome for our Company. We are excited for the next chapter with US LBM and couldn’t have asked for a better advisor than Golden Circle to work with throughout the process.
Curtis Kuttnauer, Managing Director and Founder of Golden Circle, “We are excited for Al, Tony, the Goodrich team and US LBM for what will be a tremendous partnership going forward, our team was very impressed by the constant communication and efficient closing process of US LBM and we know the Goodrich team will prosper going forward.”
Andrew Nussbaum, Managing Director at Golden Circle, “We were very fortunate to have worked with such a quality Company like Goodrich Brothers in this transaction, the strong fit between Goodrich and US LBM is undeniable and we are excited to see what the two can do together for years to come. The US LBM team was a pleasure to work with through this transaction and their professionalism and commitment to the deal at every step was commendable and a clear indicator as to why they are a leader in the US in this sector.”
US LBM is the largest privately owned, full-line distributor of specialty building materials in the United States. The Company combines the scale and operational advantages of a national platform with a local go-to-market strategy through its national network of locations across the country.
Media Contact:
Andrew Nussbaum
+17247132177
andrew@teamgca.com
SOURCE Golden Circle Advisors