Houlihan Lokey is pleased to announce that Firestone Building Products Company, LLC, a subsidiary of Bridgestone Americas, Inc., has acquired Gaco Western, LLC. The transaction closed on April 3, 2017.
Firestone Building Products Company, LLC, (Firestone) is a leading manufacturer and supplier of rooftop products primarily for commercial buildings. By taking the entire building envelope into consideration, Firestone meets individual customer and project needs for roofing, wall, and lining solutions. Headquartered in Indianapolis, Indiana, the company also offers outstanding technical services through an international network of roofing contractors, distributors, and field sales representatives and superior warranty protection.
Founded in 1955, Gaco Western is privately owned and headquartered in Seattle, Washington. With brands including GacoFlex, GacoRoofFoam, and GacoWallFoam, the company produces silicone polyurethanes, epoxies, and acrylic liquid coatings for roofs; decking and waterproofing products that protect pedestrian surfaces, concrete, metal, and plywood; and open- and closed-cell foam products that protect and insulate buildings.
Houlihan Lokey served as the exclusive financial advisor to Firestone and assisted in structuring and negotiating the transaction. This transaction highlights Houlihan Lokey’s public company coverage capabilities as well as its broad experience and continued success advising building products companies.