KPMG Corporate Finance acted as exclusive financial advisor to Asahi Kasei Homes Corp. in the acquisition of Erickson Construction.
A global team of KPMG Corporate Finance professionals from KPMG Corporate Finance LLC in the U.S. and KPMG Corporate Finance Japan (collectively “KPMG Corporate Finance”) acted as the exclusive financial advisor to Asahi Kasei Homes Corp. (“AKH”) in the acquisition of Erickson Construction (“Erickson” or the “Company”), a leading provider of construction services and prefabricated building components in the western United States, from Atlas Holdings, a U.S. based diversified group of manufacturing and distribution businesses. Erickson operates its own lumber and panelization yards, in which the majority of computer-designed wall panels, trusses and framing components are pre-fabricated, and employs hundreds of skilled carpenters who provide best-in-class installation and building services.
AKH believes that the acquisition of Erickson presents an opportunity to leverage the systemization know-how gained through its business of providing high quality and high value-added Hebel Haus™ order-built unit homes in Japan, leading to further enhancement of Erickson’s pre-fabricated building system in order to create new value for the US housing market.
“Over the last several years, Erickson has benefitted greatly from its close partnership with Atlas Holdings,” said Rich Gallagher, CEO of Erickson. “We have grown our business, strengthened our workforce and solidified our leadership position in American homebuilding. I am confident that our strong foundation, coupled with an aligned vision towards solving today’s construction challenges in the U.S., make for a bright future with Asahi Kasei.”
The global Corporate Finance practices of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Thomson Reuters SDC based on number of completed transactions, for 2018.
KPMG Corporate Finance LLC was recently named Transaction Advisory Firm of the Year by The Global M&A Network, and previously named Investment Bank of the Year by The M&A Advisor. KPMG Corporate Finance LLC provides a broad range of investment banking and advisory services to its domestic and international clients. Our professionals have the experience and depth of knowledge to advise clients on global mergers and acquisitions, sales and divestitures, buyouts, financings, debt restructurings, equity recapitalizations, infrastructure project finance, capital advisory, portfolio solutions, fairness opinions, and other advisory needs.