Commercial & Industrial Group

The BB&T Capital Markets Commercial & Industrial Group provides clients with industry expertise and exceptional transaction execution. We offer M&A advisory, capital raising and corporate banking services for a variety of sectors, including building products & materials; commercial & consumer durables; industrial manufacturing and distribution; and outsourced commercial and industrial services.

 

Our Commercial & Industrial team was awarded M&A Advisor magazine’s Cross-Border Deal of the Year award in 2012—our third award in three years.

  • Endries

    On June 1, 2017, Endries International, Inc. and certain related affiliates (collectively “Endries" or the "Company"), a subsidiary of Ferguson Enterprises, Inc. and its affiliates (collectively “Ferguson”), was acquired by Nautic Partners (“Nautic”). BB&T Capital Markets served as the exclusive financial advisor to Ferguson.

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  • Storage Battery Systems

    On May 19, 2017, Power Storage Solutions, LLC and subsidiaries, doing business as Storage Battery Systems (“Storage Battery Systems” or the “Company”), a portfolio company of Supply Chain Equity Partners (“Supply Chain”), was acquired by High Road Capital Partners (“High Road”). BB&T Capital Markets served as the exclusive financial advisor to Storage Battery Systems.

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  • Oracle Elevator Company

    On May 12, 2017, Oracle Elevator Company (collectively with its parent company, OEC Holding Corp., and its subsidiaries, "Oracle" or the "Company"), a portfolio company of Incline Equity Partners (“Incline”), was acquired by L Squared Capital Partners (“L Squared”). BB&T Capital Markets served as the exclusive financial advisor to Oracle.

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  • Kaman Corporation (NYSE: KAMN)

    BB&T Capital Markets’ Diversified Industries Group completed a transaction for Kaman Corporation, an industrial company in the second quarter of 2017, helping to raise $200,000,000 in gross proceeds for our client.

    Kaman Corporation intends to use the net proceeds from this offering to unwind select pre-existing hedges, and repay indebtedness including the repurchase of a portion of its convertible notes maturing in 2017. Total gross proceeds includes the exercise of the underwriters’ 30-day option to purchase additional notes to cover over-allotments.

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  • O2COOL, LLC

    On March 31, 2017, O2COOL, LLC (“O2COOL” or the “Company”), a portfolio company of Focus Investments, Inc. and  Waveland  Investments  LLC  (“Focus”  and  “Waveland”),  was  acquired  by  LKCM  Headwater  Investments (“LKCM”). BB&T Capital Markets served as the exclusive financial advisor to O2COOL.

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  • Silicon Laboratories Inc. (NasdaqGS: SLAB)

    BB&T Capital Markets’ Diversified Industries Group completed a transaction for Silicon Laboratories Inc. in the first quarter of 2017, helping to raise $400,000,000 in gross proceeds for our client.

    Silicon Laboratories Inc., intends to use the proceeds from the offering to repay in full all amounts outstanding under its existing credit facility, and for general corporate purposes. Total gross proceeds includes the full exercise of the underwriter’s over-allotment option, through which they purchased an additional $50mm in principal notes.

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  • Microchip Technology Inc. (NasdaqGS: MCHP)

    BB&T Capital Markets’ Diversified Industries Group completed a transaction for Microchip Technology Inc. in the first quarter of 2017, helping to raise $2,300,000,000 in gross proceeds for our client.

    The offering consists of $1.8 billion of convertible senior subordinated notes due 2027, and $500mm convertible junior subordinated notes due 2037. Microchip Technology Inc. intends to use the net proceeds of this offering to repay indebtedness and for general corporate purposes. Microchip also granted the initial purchasers of the notes a 30-day option to purchase up to an additional $270 million aggregate principal amount of the 2027 notes and an additional $75 million aggregate principal amount of the 2037 notes to cover over-allotments.

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  • Southern Audio Visual, Inc.

    On December 1, 2016, Southern Audio Visual, Inc. (“SAV” or the “Company”), a portfolio company of Prudential Capital Partners (“Prudential”), was acquired by Audio Visual Services Group Inc. (d/b/a PSAV) (“PSAV”), a portfolio company of Olympus Partners and the Merchant Banking Division of Goldman Sachs. BB&T Capital Markets served as the exclusive financial advisor to SAV.

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  • Stanton Carpet Corporation

    On November 21, 2016, Stanton Carpet Corporation ("Stanton" or the "Company"), a portfolio company of Norwest Equity Partners ("NEP"), was acquired by Quad-C Management, Inc. ("Quad-C"). BB&T Capital Markets served as the exclusive financial advisor to Stanton.

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  • Trademark Games Holdings, LLC

    On October 31, 2016, Trademark Games Holdings, LLC (“Trademark” or the “Company”), a portfolio company of Blue Point Capital Partners (“Blue Point”), was acquired by Bertram Capital. BB&T Capital Markets served as the exclusive financial advisor to Trademark.

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  • Fortiline Waterworks

    On October 31, 2016, Fortiline Waterworks (“Fortiline” or the “Company”), a portfolio company of CHS Capital, was acquired by MORSCO, a portfolio company of Advent International. BB&T Capital Markets served as financial advisor to Fortiline.

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  • Lennox International, Inc. (NYSE: LII)

    On October 25, 2016, BB&T Capital Markets served as a co-manager for a $350 million offering of 3.00% senior notes due 2023 by Lennox International, Inc.

    Proceeds from the offering are being used for general corporate purposes.

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  • Owens Corning (NYSE: OC)

    On August 3, 2016, BB&T Capital Markets served as a co-manager for a $400 million offering of 3.40% senior notes by Owens Corning.

    Proceeds from the offering are being used for general corporate purposes, including to exercise the make-whole call to redeem all of the company’s outstanding 2016 notes and to repay outstanding debt.

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  • Eagle Materials Inc. (NYSE: EXP)

    On July 28, 2016, BB&T Capital Markets served as a book-running lead manager for a $350,000,000 offering of senior notes by Eagle Materials Inc. Proceeds from the offering were used to repay a portion of the amounts outstanding under Eagle’s credit facility.

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  • PulteGroup, Inc. (NYSE: PHM)

    On July 26, 2016, BB&T Capital Markets served as a book-running lead manager for a $1 billion two-tranche offering of senior notes by PulteGroup, Inc.
    The offering consisted of a $400 million tranche of 4.25% senior notes due 2021 and a $600 million tranche of 5.00% senior notes due 2027.

    Proceeds from the offering were used to repay a portion of the amounts outstanding under PulteGroup’s term loan facility, to repay any borrowings outstanding under its revolving credit facility and for general corporate purposes.

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Our Areas of Expertise

Building Materials

Cement, Aggregates & Concrete, Building Components, Composite Materials and Specialty Building Materials Distribution

Commercial & Consumer Durables

Bedding & Flooring, Cabinets, Millwork & Molding, Furniture & Fixtures, Institutional & Office Furniture, Lighting and Windows & Doors

Outsourced Commercial & Industrial Services

Environmental Services, Field & Facility Services, Infrastructure & Utility Services, Maintenance & Repair Services, Testing & Measurement Services

Industrial Distribution

Broad-line Distribution, Specialty Distribution, and MRO Supplies Serving All Commercial & Industrial End Markets

Industrial Manufacturing & Services

Precision Components, Machine Tools, Motors & Controls, Filtration, Hydraulics, Fluid Power, Pumps, Pipes, Valves & Fittings, Wire & Cable, Bearings and HVAC