S&C Advises Cornerstone on $5.8 Billion Go-Private Acquisition by CD&R

March 10, 2022

Cornerstone Building Brands has agreed to be taken private in an acquisition by private equity firm Clayton, Dubilier & Rice (CD&R). CD&R owns 49 percent of Cornerstone and has agreed to purchase the remaining shares in a deal valued at $5.8 billion. 

Cornerstone is the largest manufacturer of exterior building products for residential and low-rise non-residential buildings in North America, including vinyl windows, vinyl siding, stone veneer, metal roofing, metal wall systems and metal accessories.

CD&R is a private investment firm that has managed the investment of over $40 billion in more than 100 companies with an aggregate transaction value of approximately $175 billion.

The S&C team advising Cornerstone includes Frank Aquila, Melissa Sawyer, Mimi Wu and Spencer Nord. Heather Coleman, Sarah Remmer Long and Joyce Lee are advising on executive compensation and benefits matters. Renata Hesse and Brad Smith are advising on antitrust matters. Cathy Clarkin is advising on certain securities matters. Matt Brennan is advising on environmental matters.