ATLANTA, Sept. 13 /PRNewswire-FirstCall/ -- Roark Capital Group, an
Atlanta-based private equity firm, announced today that it has acquired Wood
Structures, Inc. (WSI). Headquartered in Biddeford, Maine, WSI is New
England's largest wood truss manufacturer and a leading distributor of
engineered wood products.
The acquisition of WSI is Roark's second investment in its $413 million
fund raised in March 2005. Roark made its first fund investment in August
with the purchase of McAlister's Deli, an owner, operator and franchisor of a
chain of quick casual restaurants.
"Over the past 40 years, WSI has consistently created the highest quality
products and service levels in its industry," said Lawrence J. DeAngelo,
partner of Roark Capital Group. "Frank Paul, president of WSI, and his
management team's ability to steadily gain market share is evidence of the
company's strong customer satisfaction and loyalty."
The company's products and services are gaining importance with builders
as they increasingly utilize prefabricated building methods, which reduce
dependency on skilled labor, provide better and more consistent product
quality and reduce costly work-site delays compared to traditional stick
Paul will continue to lead the company and is pleased that Roark has added
WSI to its growing business portfolio.
"We are excited about our new relationship with Roark," said Paul.
"Roark's expertise in finding and integrating complimentary acquisitions and
new market expansions was particularly attractive to us and we look forward to
a bright future."
About Wood Structures, Inc.
Wood Structures, Inc., based in Biddeford, Maine, is New England's leading
designer and manufacturer of roof trusses, floor trusses and wall panels and
distributor of engineered wood products, such as floor joists and laminated
veneer lumber. For further information about WSI, please visit
About Roark Capital Group
Roark Capital Group is an Atlanta-based private equity firm that acquires
majority positions in franchise, financial services, niche manufacturing, and
service businesses. Roark also targets family-owned businesses in the
Southeast. The firm, with more than $585 million of equity capital under
management, specializes in companies with attractive growth prospects and
revenues ranging from $20 million to $1.0 billion. For more information about
Roark Capital Group, please visit www.roarkcapital.com.
Contact: Julie Meyer, Fishman Public Relations, (847) 945-1300, ext. 233
SOURCE Roark Capital Group