Roark Capital Group and Wood Structures Inc. Acquire Weyerhaeuser's Boston Wood Products Distribution Center
Expands Wood Structures' engineered wood products distribution in New
England
ATLANTA, Dec. 11 /PRNewswire/ -- Roark Capital Group, an Atlanta-based
private equity firm, has completed its acquisition of Weyerhaeuser's
Distribution Center ("WDC"), located south of Boston in Assonet, Mass. WDC
is a wholesale distributor of building products, with a specialization in
engineered wood products. Weyerhaeuser's engineered wood products line,
iLevel, is the market leader in product engineering, design, and
distribution.
"We are proud to add Weyerhaeuser's top-rated iLevel product line to
our offering," said Frank Paul, CEO of Wood Structures. "We look forward to
providing ongoing exceptional service to customers of WDC and Wood
Structures."
The operations of WDC have been acquired by a subsidiary of Wood
Structures, Inc., a company owned by affiliates of Roark Capital. Based in
Biddeford, Maine, Wood Structures is a manufacturer and designer of
manufactured wood products, including roof trusses, floor trusses and wall
panels, and distributor of engineered wood products, which are used in
residential and commercial buildings.
"WDC is very complimentary to Wood Structures," said Lawrence J.
DeAngelo, Managing Director at Roark. "This distribution center will allow
Wood Structures to extend its geographical reach beyond its core markets
into Western Massachusetts, Vermont, and Eastern New York. The acquisition
will also play a significant role in our growth strategy."
About Roark Capital Group
Roark Capital Group is an Atlanta-based private equity firm that
specializes in business and consumer service companies with attractive
growth prospects and revenues ranging from $20 million to $1.0 billion.
Specific areas of focus include franchise, direct marketing, and financial
services. The firm has more than $1.5 billion of equity capital under
management. For more information, visit www.roarkcapital.com .
About Wood Structures
Headquartered in Biddeford, Maine, Wood Structures, Inc. is New
England's leading wood truss manufacturer and distributor of engineered
wood products. Wood Structures supplies roof and floor trusses, engineered
wood products, wall panels, and related structural elements exclusively
through lumber dealers in the Northeast. For more information, visit
www.wsitruss.com .
About WDC
Based in Assonet, Mass., WDC is a wholesale distributor of building
products, including engineered wood products, cedar, OSB, and
plywood/panels. WDC is the exclusive distributor of Weyerhaeuser's industry
leading iLevel product line in the New England market. For more
information, visit www.ilevel.com .
Contact: Kathy Potaniec
Fishman Public Relations
847-945-1300, ext. 259
mailto:kpotaniec@fishmanpr.com
SOURCE Roark Capital Group
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