Farragut Invests in Eastern Metal Building Products, LLC

CHEVY CHASE, MD – Farragut Capital Partners, Inc. (“Farragut”) is pleased to announce the closing of an investment in Eastern Metal Building Products, LLC (“EB” or the “Company”), a portfolio company of Gemini Investors (“Gemini”).  Farragut invested subordinated debt and equity in support of the Company’s acquisition of Super Stud, LLC (“Super Stud”).  Other equity investors included Company management, Gemini, and Agincourt Capital Partners.  The transaction is the first from Farragut’s latest investment vehicle, Farragut SBIC Fund III, LP.

Based in New Hampshire, EB is a manufacturer and distributor of steel framing products and accessories used in commercial new construction and retrofits.  Super Stud, based in New Jersey, manufactures similar stud products as well as metal doors and also distributes subflooring.  Their combination forms a regional leader in commercial construction studs stretching from New England to the Mid-Atlantic and into the Southeast through their additional operations in Alabama and Mississippi.  The Company is led by CEO Ryan Filion, a building products industry veteran who previously led another company, Wallboard Supply, to a successful exit.

Rob Hagerty of Farragut said of the transaction, “We’re delighted to partner with Ryan Filion and the Gemini team to support the Company’s next stage of growth.  The combined business creates a major regional player of scale with a leading presence in the Northeast.”

Ryan added, “I am excited to combine our EB family with the experienced, talented, and well-led team at Super Stud.  The Farragut team understands our value proposition and was great to work with.  We look forward to having their involvement and support.”

EB joins O’Donnell Metal Deck and Peachey Wood Products as the third building products company in Farragut’s portfolio.