Cornerstone Building Brands, Inc. agreed to acquire Mueller, Inc. for approximately $480 million on June 29, 2024. Cornerstone Building Brands expects to finance the transaction with cash on hand and amounts borrowed under its existing credit facilities. Cornerstone Building Brands expects the transaction to be accretive to earnings through purchasing synergies and revenue growth opportunities.

The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2024. Houlihan Lokey, Inc. acted as financial advisor to Mueller, Inc.