Boral Limited (ASX:BLD) confirmed on that it would explore a sale, and US investment banks are expected to jostle for a role. Bank of America is best placed to win a role advising Boral on the sale of its building products business in the US. Boral's recently appointed Chief Executive Zlatko Todorcevski previously worked as a chief financial officer at Brambles, which used Bank of America as an adviser. During a press conference Todorcevski said Boral was yet to appoint an investment bank for any sale of US assets and that all of the work that had been conducted on its portfolio review was carried out internally. Boral shareholders including the Kerry Stokes-controlled Seven Group have been pushing for the company to offload its underperforming US division. Boral has said that it will consider offers for its building products arm. Parties expected to show an interest in Boral's North American assets, include private equity firms such as Clayton, Dubilier & Rice. Todorcevski said the banks were not working on the review. Banks likely to be lobbying for a role include Goldman Sachs, JPMorgan, Morgan Stanley and Citi.