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Posted on 347 OpenGate Capital, a global private equity firm, announced today the close of its sale of Bois & Matériaux (“B&M”) to Chausson Matériaux, a major building materials distribution company. The agreement was initially signed in January 2021 and terms were not disclosed. With headquarters in Pacé, France, and more than 130 branches in the country, B&M is one of the leading building materials distributors in France. During the five-year period the business was owned by OpenGate, the business was fully revitalized und...

OpenGate Capital Completes Sale of Bois & Matériaux to Chausson Matériaux S.A.S Revitalized B&M Business Expanded EBITDA 10x OpenGate Capital, a global private equity firm, announced today the close of its sale of Bois Matériaux ("B&M") to Chausson Matériaux, a major building materials distribution company. The agreement was initially signed in January 2021 and terms were not disclosed. With headquarters in Pacé, France, and more than 130 branches in the country, B&M is one of the leading building materials distributors in France. During the five-year period the business was owned by...

Posted on 7464 OpenGate Capital, a global private equity firm, today announced the signing of an exclusive agreement to sell Bois & Matériaux (“B&M”), a French building products distributor, to Chausson Matériaux, a major building materials distribution company. Terms of the agreement were not disclosed, and the final sale is subject to closing conditions and works council consultation. OpenGate Capital acquired B&M in March of 2016 from Wolseley Plc, representing the firm’s second investment within Fund I. Bois & Matériau...