The Jordan Company L.P. has agreed to acquire a majority stake in Specialty Building Products LLC (SBP) from Madison Dearborn Partners LLC.

Building products supplier SBP’s senior management will continue to lead the company. SBP serves the repair and remodel market and construction companies. “As it has become a national-scale distributor of building materials in North America, Specialty Building Products has become one of the most reliable and trusted names in the business. We have closely followed the company’s exciting expansion and we are pleased to partner with the SBP team to build on this strong momentum and pursue new opportunities for growth.” says Jordan partner Mike Denvir. Jordan focuses on growing middle market businesses in industrials, transportation, healthcare, consumer, telecommunications, technology and utilities.

BofA Securities and RBC Capital Markets LLC are acting as financial advisors and Kirkland & Ellis LLP is serving as legal counsel to SBP and Madison. Nomura Securities Co. is acting as financial advisor and Winston & Strawn LLP is serving as legal counsel to Jordan.