Davis Polk advised the initial purchasers on a Rule 144A/Regulation S offering by BCPE Ulysses Merger Sub, LLC, to be merged with and into LBM Acquisition, LLC (US LBM), of $550 million aggregate principal amount of its 6.250% senior notes due 2029. The notes are part of the debt financing provided to an investor group led by Bain Capital Private Equity, LP and in connection with its acquisition of US LBM.

Founded in 1984, Bain Capital Private Equity, LP is one of the world’s foremost private investment firms.

US LBM, founded in 2009, is a leading distributor of specialty building materials in the United States. The company's unique and powerful operating model combines the advantages of its national scale and central team of industry experts with the high service levels, local expertise, entrepreneurial culture and customer relationships of its 37 operating divisions.

The Davis Polk capital markets team included partners Pedro J. Bermeo and Michael Kaplan and associates John H. Runne, Moses Farzan Nekou and Stephen H. Karp. Counsel Kiara L. Rankin and associate Tomislava Dragicevic provided tax advice. Counsel David A. Zilberberg provided environmental advice. All members of the Davis Polk team are based in the New York office.