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2014

Roark Capital Group Acquires Wood Structures, Inc.

Atlanta-based private equity firm buys ninth company



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    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
 building methods.
     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
 www.wsitruss.com.
 
     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
 or jmeyer@fishmanpr.com
 
 

SOURCE Roark Capital Group

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