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SGR Represents Cerberus Capital Management in Acquisition
SGR acted as Georgia counsel to Cerberus Capital Management L.P., a New York-based private equity firm, in connection with the acquisition of Georgia-Pacific Corporation’s building products distribution business. The assets of the business were acquired by BlueLinx Corporation, which is owned indirectly by Cerberus and BlueLinx management. The overall transaction was valued at approximately $910 million. Goldman Sachs Credit Partners, L.P. and Congress Financial Corporation provided debt financing to BlueLinx as part of the transaction. SGR attorneys Brett Lockwood and Tom Hong (as well as other SGR attorneys) worked with Cerberus’s New York counsel on corporate and financing aspects of the transaction.