Building Products & Materials Quarterly

On September 30, 2026, KeyBanc Capital Markets (KBCM) successfully advised Creedence Energy Services, LLC (Creedence or the Company), a portfolio company of Tower Arch Capital (Tower Arch), on its sale to Monomoy Capital Partners (Monomoy). KBCM was selected to serve as Creedence’s Sell-Side Advisor based on its strong institutional sponsor relationship, industry-leading Specialty Chemicals & Materials practice, proven M&A execution capabilities and relevant transaction experience.

Founded in 2014 and headquartered in Minot, North Dakota, Creedence is a leading independent provider of production and midstream chemical solutions to oil and gas operators across major U.S. producing basins. Creedence combines proprietary chemical formulations, advanced laboratory testing, blending capabilities, and responsive field service to develop tailored programs that optimize production, protect critical assets, and reduce equipment failures and downtime. Creedence’s solutions support existing production wells, midstream pipelines, and saltwater disposal facilities, and include specialized scale remediation and production stimulation treatments.

Headquartered in Salt Lake City, Utah, Tower Arch Capital is a growth-oriented middle-market private equity firm. Tower Arch seeks to partner with high-quality family- and entrepreneur-owned companies to deliver long-term value for their management teams and investors. Tower Arch brings operational, consulting, and financial expertise to companies to help them improve their operations, scale, and grow. Target investments include control positions in businesses with EBITDA between $8 million and $30 million.

Monomoy Capital Partners is a private investment firm with over $5.3 billion in assets under management across a family of investment funds. Monomoy focuses on investing in manufacturing, distribution, and services companies across industrial and consumer product sectors in North America. The firm is committed to providing middle-market businesses with strategic capital, management and operational expertise, and the ability to achieve sustainable success.

On September 17, 2026, KeyBanc Capital Markets (KBCM) successfully advised GLP Canada Ltd. (GLP or the Company) on its partnership with Atlantic Street Capital (Atlantic Street).

KBCM was selected to serve as GLP’s Exclusive Financial Advisor based on its multi-year relationship with GLP’s management and ownership, industry-leading specialty distribution investment banking practice, long history of transaction success within the HVAC industry, access to the best potential private equity partners and proven M&A execution capabilities.

Founded in 1958 and headquartered in Oakville, Ontario, GLP is a leading specialty HVAC distributor serving customers across North America. Through its complementary Distribution and Applied segments, GLP offers a comprehensive portfolio of HVAC equipment, accessories, parts, components and engineered systems across mission-critical, industrial, modular, commercial and residential applications. The Company’s technical expertise, long-standing vendor relationships, broad product offering and white-glove customer support position GLP as a trusted channel partner to customers throughout Canada and the U.S.

Founded in 2006 and headquartered in Greenwich, Connecticut, Atlantic Street Capital is a private equity firm focused on partnering with ambitious entrepreneurs and management teams of lower-middle-market businesses. Atlantic Street combines deep industry expertise, hands-on operational support and capital resources to help its portfolio companies accelerate organic and acquisition-driven growth. Atlantic Street operates with over $1.5 billion of assets under management.

In August 2026, KeyBanc Capital Markets (KBCM) successfully closed on $650 million in Senior Notes due 2036 for MasTec, Inc. (MasTec). KBCM acted as Senior Co-Manager on the transaction.

MasTec is a leading infrastructure construction company that provides engineering, building, installation, and maintenance services for communications, energy, utility, and transportation infrastructure across North America. The company serves telecommunications, renewable energy, power delivery, and pipeline customers through its diversified infrastructure solutions.

On August 31, 2026, KeyBanc Capital Markets (KBCM) successfully advised on the sale of Myers Tire Supply (MTS), a division of Myers Industries (Myers), to Lion Equity Partners (Lion). KBCM was selected to serve as Myers’ Exclusive Sell-Side Advisor based on its industry-leading Specialty Distribution investment banking practice, proven M&A execution capabilities and long-standing relationship with Myers.

Headquartered in Akron, Ohio, Myers is a leading manufacturer of specialized plastic and metal products for the consumer, vehicle, food & beverage, general industrial and infrastructure end markets. Myers operates a portfolio of established brands and manufactures a diverse range of products, including material handling containers, storage solutions, fuel and water storage products, ground protection systems and other engineered products. Myers employs over 2,000 individuals, with over 30 locations globally.

Founded in 1933 and headquartered in Akron, Ohio, MTS is one of the nation’s leading distributors of specialized tire supplies, tools and equipment for the tire service market. MTS provides comprehensive retread and repair consumables, wheel weights, equipment, tire pressure monitoring systems, valves, shop supplies and tools. MTS’s footprint spans the continental U.S., serving thousands of customers across the passenger and commercial automotive markets through four distribution centers.

Headquartered in Denver, Colorado, Lion is a lower middle-market private equity investment firm with over $170 million of assets under management.

On August 18, 2026, KeyBanc Capital Markets (KBCM) successfully advised Safe-Way Garage Doors LLC (Safe-Way or the Company), a portfolio company of CW Industrial Partners (CW), on its sale to Point 41 Capital Partners (Point 41). KBCM was chosen to serve as Exclusive Sell-Side Advisor based on its industry-leading Building Products practice and proven M&A execution capabilities.

Headquartered in Warsaw, Indiana, Safe-Way is a leading manufacturer of residential and commercial garage doors serving professional dealers, installers and distributors across North America. The Company offers a comprehensive portfolio of garage door products designed to meet a broad range of performance, aesthetic and end-market requirements. Safe-Way is recognized for its reputation for product quality, customer service and operational reliability, supported by a strategically located manufacturing footprint, long-standing customer relationships and industry-leading delivery performance.

CW is a Cleveland, Ohio-based private equity firm focused on middle-market industrial businesses that manufacture or service engineered products, components and equipment. With more than 20 years of experience, the firm partners with entrepreneurs, families and executives to drive long-term value creation.

Point 41 Capital Partners is a middle-market private equity firm that partners with management teams in the specialty industrials and services sectors and invests in North American-based companies with an enterprise value between $50 million and $350 million. Point 41's ideology is built upon four key principles — team, expertise, execution, and integrity — that guide the firm’s investment philosophy. In alignment with management teams, Point 41 offers 40 years of deep sector expertise and a proven approach to driving transformational growth.

On July 31, 2026, KeyBanc Capital Markets (KBCM) successfully advised Bearing Distributors, Inc. (BDI or the Company) on a strategic growth investment from Kelso & Company (Kelso). KBCM served as Exclusive Financial Advisor to BDI on the transaction.

KBCM’s advisory relationship with BDI, and its CEO and controlling shareholder, spans over 25 years. Accordingly, KBCM ran a high-touch process to drive a compelling outcome, while allowing the CEO and his team to align with a preferred partner with a shared vision for the Company. This partnership provides BDI with enhanced access to capital and operational resources to accelerate organic and inorganic growth. KBCM was selected based on its decades-long relationship with BDI, commitment to identifying attractive partnerships for founder- and family-owned businesses, industry-leading specialty distribution investment banking practice, access to like-minded potential investors, and proven M&A execution capabilities.

BDI is a leading distributor of bearings, power transmission and fluid power products, and related industrial solutions, serving a broad and diversified customer base across end markets in 11 countries. Led by its CEO, Carl James, BDI is headquartered in Cleveland, Ohio, with over 205 locations globally. The Company has built a strong reputation for technical expertise, deep supplier relationships, and a solutions-and-productivity service model that has made it a trusted partner to its customers.

Kelso is a North American-focused middle-market private equity firm founded on the principles of partnership and alignment of interest championed by Louis Kelso, the inventor of the Employee Stock Ownership Plan (ESOP). Kelso’s unique history drives a deep commitment to aligning the interests between the firm’s partners, management teams, strategic partners, and limited partners. Since 1980, Kelso has invested approximately $20 billion of equity capital in over 140 transactions. Kelso benefits from a successful investment track record, deep sector expertise, long-tenured investment team, and reputation as a preferred partner to management teams and corporates.

On July 28, 2026, KeyBanc Capital Markets (KBCM) successfully closed the syndication of $500 million Senior Secured Credit Facilities (the Credit Facilities) for Myers Industries, Inc. (Myers or the Company). Proceeds from the Credit Facilities will be used to support working capital, general corporate purposes, and for transaction-related fees and expenses. KBCM acted as Joint Lead Arranger, Joint Bookrunner, and Co-Syndication Agent on the transaction.

Headquartered in Akron, Ohio, Myers is a leading manufacturer of specialized plastic and metal products for the consumer, vehicle, food & beverage, general industrial and infrastructure end markets. Myers operates a portfolio of established brands and manufactures a diverse range of products, including material handling containers, storage solutions, fuel and water storage products, ground protection systems and other engineered products. Myers employs over 2,000 individuals, with over 30 locations globally.

On July 1, 2026, KeyBanc Capital Markets served as Joint Bookrunner on Forgent Power Solutions, Inc.’s (Forgent) $2.5 billion Follow-On Offering of 50,197,500 shares, including overallotment.

Forgent is a provider of engineered protection and control equipment used in data centers, the power grid, and energy-intensive industrial facilities. Major product categories of electrical distribution equipment that Forgent sells include electrical houses, substation enclosures, generator connection cabinets, power skids, automatic transfer switches, dry type transformers, remote power panels, switchboards, and switchgear.

On June 25, 2026, KeyBanc Capital Markets (KBCM) successfully closed on the syndication of a $1.2 billion Asset-Based Revolving Credit Facility inclusive of a $650 million committed accordion, a $700 million Senior Secured Term Loan B, and the offering of $700 million of Senior Secured Notes in support of Worthington Steel Inc.’s (Worthington Steel or the Company) acquisition of Kloeckner & Co SE (Kloeckner). Proceeds will be used to fund the acquisition, refinance existing indebtedness, and pay transaction-related fees and expenses. KBCM acted as Joint Lead Arranger and Joint Bookrunner on the transaction.

Founded in 1955 and headquartered in Columbus, Ohio, Worthington Steel is one of North America’s premier value-added metals processors, with a diversified range of highly technical products and services including carbon flat-rolled steel processing, toll processing, electrical steel laminations, and tailor welded products. Worthington Steel partners with customers across diverse end markets, including automotive, construction, infrastructure, sustainable energy, machinery, and equipment. The Company maintains a broad geographic footprint, operating 37 manufacturing facilities across North America, Europe, and Asia, and employing ~6,000 globally.

Founded in 1906 and headquartered in Düsseldorf, Germany, Kloeckner is a leading global distributor and service center for steel and metal products. Kloeckner partners with customers across end markets including construction, automotive, energy, and general manufacturing, delivering value-added services such as warehousing, processing, and supply chain management. Kloeckner operates 110+ distribution and processing facilities across North America and Europe and has ~6,100 employees globally.

On May 28, 2026, KeyBanc Capital Markets served as Joint Bookrunner on Forgent Power Solutions, Inc.’s (Forgent) $2.3 billion Follow-On Offering of 48,622,000 shares, including overallotment.

Forgent is a provider of engineered protection and control equipment used in data centers, the power grid, and energy-intensive industrial facilities. Major product categories of electrical distribution equipment that Forgent sells include electrical houses, substation enclosures, generator connection cabinets, power skids, automatic transfer switches, dry type transformers, remote power panels, switchboards, and switchgear.

On April 1, 2026, KeyBanc Capital Markets (KBCM) successfully advised Kodiak Building Partners Inc. (Kodiak or the Company), a portfolio company of Court Square Capital Partners (Court Square), on its sale to QXO, Inc for $2.25 billion. KBCM served as the Company’s Sell-Side Advisor based on its preeminent Industrial Building Products practice, long-standing relationship with Kodiak and Court Square and proven M&A execution capabilities.

Kodiak, headquartered in Englewood, Colorado, is a national building materials distribution platform founded in 2011, employing approximately 5,500 team members across 26 states. The Company serves local and national customers across the residential construction, repair & remodel, commercial and infrastructure construction markets. Kodiak’s diverse product offering includes lumber and building materials, construction supplies and gypsum.

Court Square is a New York-based private equity investment firm that has completed more than 245 platform acquisitions. Court Square focuses on investing in middle-market Industrials, Business Services, Healthcare and Tech & Telecom companies, partnering with founders, families and management teams to drive long-term value and establish market leadership.

QXO, headquartered in Greenwich, Connecticut, is the largest publicly traded distributor of building products in North America. The company serves residential and commercial construction markets across the U.S. and Canada, offering a broad portfolio of roofing, siding, waterproofing and building materials through leading industry brands.

On March 30, 2026, KeyBanc Capital Markets served as Joint Bookrunner on Forgent Power Solutions, Inc.’s (Forgent) $1 billion Follow-On Offering of 34,500,000 shares, including overallotment.

Forgent is a provider of engineered protection and control equipment used in data centers, the power grid, and energy-intensive industrial facilities. Major product categories of electrical distribution equipment that Forgent sells include electrical houses, substation enclosures, generator connection cabinets, power skids, automatic transfer switches, dry type transformers, remote power panels, switchboards, and switchgear.