Roark Capital Group Acquires Wood Structures, Inc.
Atlanta-based private equity firm buys ninth company
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 firstname.lastname@example.org
SOURCE Roark Capital Group
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