SPRINGFIELD, Mo.--(BUSINESS WIRE)--American Construction Source (ACS), a leading national building materials platform for custom home builders and repair and remodel contractors, backed by Angeles Equity Partners and Clearlake Capital Group, today announced Tom Tolleson has been named Chief Operating Officer, reporting directly to ACS CEO James Drexinger. Mr. Tolleson brings decades of expertise leading lumber and building materials organizations to develop lean operations, deploy effective sales and marketing programs, identify organic and inorganic growth opportunities, and integrate mergers and acquisitions.
“Tom is well known and widely respected for his ability to expand opportunities within the current customer base, cultivate new customer targets, mobilize resources to achieve profitable growth, and foster lasting customer relationships through collaboration,” said Mr. Drexinger. “ACS continues investing in experienced leaders from the building materials distribution industry to optimize the customer experience and performance of our business.”
“I am excited about the opportunity at ACS to help create a high performance organization by leveraging best practices across the company, developing our talent, and simplifying our operational model,” said Mr. Tolleson. “ACS remains focused on delivering the best possible service to our customers and great opportunities for our employees.”
Mr. Tolleson most recently served as Midwest Division President at ACS portfolio company Meek’s Lumber Company. Prior to joining Meek’s, he served in senior sales, marketing and operations leadership roles at BMC Stock Holdings, Bison Building Materials, and Copeland Lumber Yards. Tolleson earned a Bachelor of Science degree from Jacksonville State University in Alabama.
About American Construction Source (ACS)
ACS American Construction Source is a lumber and building materials (LBM) distributor with 70+ locations in 7 states serving the needs of custom home builders, repair & remodel contractors, and DIY consumers. ACS provides lumber and building materials (LBM) businesses the resources, leverage, and focus to make their ideas happen. Recognizing the value and heritage of deep, local customer relationships as a strong foundation for growth, ACS best practices are designed to leverage shared strengths, drive operational excellence, and motivate performance to create a leading building products distributor with a national footprint and the industry’s best customer experience. ACS is backed by Angeles Equity Partners and Clearlake Capital Group. Learn more online at www.acs-lbm.com.
About Angeles Equity Partners, LLC
Angeles Equity Partners, LLC is a private equity firm that invests in companies across a wide range of sectors and specifically targets businesses which it believes can directly benefit from the firm’s strategic, operational and M&A capabilities. The Angeles skill set drives the firm’s investment philosophy and, in its view, can help businesses reach their full potential. Learn more online at www.angelesequity.com.
Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are industrials and energy; software and technology-enabled services; and consumer. Clearlake has managed over $9 billion of institutional capital since inception and its senior investment principals have led or co-led over 100 investments. More information is available at www.clearlake.com.