EP GROUP ACQUIRES MORGAN WOOD PRODUCTS

CHARLESTON, S.C., July 3, 2023 /PRNewswire/ -- EP Group ("EPG"), a family-owned operating group based in Charleston, South Carolina, is excited to announce its acquisition of Columbus, OH-based Morgan Wood Products (the "Company"). Founder and CEO of Morgan Wood, Luke Reinstetle, will continue in his role as the company looks to expand into new markets and capture new commercial opportunities.

Morgan Wood Products supplies a mix of new, used and combo wood pallets of all sizes and dimensions to hundreds of customers across the United States. Due to its vast network of trusted partner sawmills, Morgan Wood is uniquely positioned to deliver consistent quality with dynamic and competitive pricing.

The Company is poised for continued growth and views the partnership with EPG as a significant opportunity to facilitate expansion plans by leveraging EPG's operational and capital resources.  Summing up his rationale for selling to EPG, Reinstetle stated: "Our family culture and history is important to me and something I was looking for in a partner. The people at EPG reminded me a lot of our own team.  I am looking forward to accelerating the growth of the company with the combination of skills and resources from both of our teams."

Terry Hurley, EPG's President and CEO, commented, "We are pleased to add Morgan Wood to our portfolio of companies. Luke and his team have built a vibrant business that is ready to grow and expand and we are excited to move into the future together."

The Company will continue to operate under the Morgan Wood Products brand.

About EPG

EPG is a family-owned operating group based in Charleston, South Carolina. EPG's lineage began with its first acquisition in 1896 and has since acquired and operated several successful businesses in a variety of sectors throughout the country. EPG is an active acquiror, making 20+ acquisitions since 2014, and continues to build out its portfolio of operating companies to generate streams of uncorrelated revenues.

Williams Mullen acted as legal advisor to EPG in connection with this transaction.

About Morgan Wood Products

Morgan Wood Products is a leader in the wood pallet industry, providing a variety of quality wood products and excellent customer service throughout the United States and Canada.  The company has been family owned and operated since 2002 and its management team have over 50 years of industry experience.

Dinsmore acted as legal advisor to the Company in connection with this transaction.

SOURCE Evening Post Group