Cameron Ashley Building Products Enters Into $100 Million Revolving ABL Credit Facility

Cameron Ashley Building Products (“Cameron Ashley” or the “Company”), a
portfolio company of Los Angeles-based private investment firm Pacific
Avenue Capital Partners, LLC (“Pacific Avenue”), today announced that it
has entered into a $100 million asset-backed revolving credit facility
(the “Revolving ABL Facility”). The Revolving ABL Facility, which was
provided by Wells Fargo Bank (“Wells Fargo”), includes an incremental
accordion feature of up to $50 million. The successful refinancing
follows Cameron Ashley’s recent announcement of the acquisition of the
assets of Warrior Building Products, a St. Louis distributor.

“We are pleased with the results of this refinancing, and our
partnership with Wells Fargo further improves our flexibility to pursue
acquisitions while providing additional liquidity,” said Donny DeMarie,
President and CEO of Cameron Ashley. “I applaud the entire Cameron
Ashley and Pacific Avenue Capital Partners team for their hard work in
securing a successful outcome.”

Under Pacific Avenue’s ownership, Cameron Ashley has grown its network
to over 5,000 pro dealers across more than 30 strategically-located
stocking distribution centers with a total storage footprint of over 4.2
million square feet. The warehouse footprint is support by a fleet of
over 125 tractors and 200 trailers that make in excess of 240,000
deliveries every year. Cameron Ashley continues to expand its footprint
with expansions into Phoenix, AZ (April 2019), Las Vegas, NV (April
2019) and Central Pennsylvania (June 2019). Additionally, Cameron Ashley
is upgrading its existing facility locations in Houston, TX.

“We are excited to partner with Wells Fargo as we continue to scale the
business,” said Chris Sznewajs, Founder and Managing Partner of Pacific
Avenue. “The expanded credit line provides even greater flexibility as
we pursue our growth plans through acquisition and greenfield
opportunities. We continue to focus Cameron Ashley in our core building
product offerings: roofing, insulation, gypsum, decking and siding.”

About Pacific Avenue Capital Partners

Pacific Avenue Capital Partners, founded by Chris Sznewajs, is a Los
Angeles-based private investment firm. Pacific Avenue, in conjunction
with its operating executives, partners with exceptional management
teams to assist businesses in unlocking value and reaching their full
potential. Pacific Avenue has a unique experience base in industrials,
business services, healthcare services, and building products that
allows the firm to differentiate itself from traditional private equity.
For more information, please visit www.pacificavenuecapital.com.

About Cameron Ashley Building Products

Cameron Ashley, formerly known as Guardian Building Products, is a
leading two-step distributor of exterior building products. The Company
operates a network of 33 stocking distribution centers with a total
storage footprint of over 4.2 million square feet in 20 states in the
Midwest, Southeast, and Northeast United States. 26 of Cameron Ashley’s
distribution centers are strategically located within 150 miles of the
25 largest MSAs in the country. Through the warehouse operations, as
well as an established direct-from-manufacturer business model, Cameron
Ashley Building Products serves over 5,000 pro dealers in the lumber and
building materials industry. https://www.cameronashleybp.com/

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