M&A Deal Summary

BlueLinx Acquires Cedar Creek

On March 12, 2018, BlueLinx acquired distribution company Cedar Creek from Charlesbank Capital Partners for 413M USD

Acquisition Highlights
  • This is BlueLinx’s 2nd transaction in the Distribution sector.
  • This is BlueLinx’s 2nd largest (disclosed) transaction.
  • This is BlueLinx’s 3rd transaction in the United States.
  • This is BlueLinx’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2018-03-12
Target Cedar Creek
Sector Distribution
Buyer(s) BlueLinx
Sellers(s) Charlesbank Capital Partners
Deal Type Add-on Acquisition
Deal Value 413M USD

Target

Cedar Creek

Tulsa, Oklahoma, United States
website
Cedar Creek, Inc. is a wholesale building materials distribution company.Beginning as one yard in Oklahoma, we have since expanded our operations across the United States. “Locations” of our distribution yards can be found under the locations link. The Company is headquartered in Oklahoma with operations in the United States, offering a wide range of products that vary by region.

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Buyer(S) 1

Buyer

BlueLinx

Marietta, Georgia, United States

website

Category Company
Founded 2004
Sector Distribution
Employees2,079
Revenue 4.5B USD (2022)
DESCRIPTION
Entrance to BlueLinx's corporate headquarters in Atlanta, Georgia.
Entrance to BlueLinx's corporate headquarters in Atlanta, Georgia.

BlueLinx is a distributor of building products. The Company distributes products in two principal categories: structural products and specialty products. Structural products include plywood, oriented strand board, rebar and remesh, lumber and other wood products primarily used for structural support, walls, and flooring in construction projects. Specialty products include roofing, insulation, specialty panels, moulding, engineered wood products, vinyl products (used primarily in siding), outdoor living, particle board, and metal products. BlueLinx was founded in 2004 and is based in Marietta, Georgia.

DEAL STATS #
Overall 3 of 4
Sector (Distribution) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Oklahoma) 1 of 1
Country (United States) 3 of 4
Year (2018) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-08-09 Austin Hardwoods

Austin, Texas, United States

Austin Hardwoods, Inc. is a hardwood lumber distributor based in Austin, Texas. Austin Hardwoods distributes high-quality hardwood boards, veneers and plywood to a variety of customer segments including cabinet makers, millwork companies and furniture makers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 Vandermeer Forest Products

Lynnwood, Washington, United States

Vandermeer Forest Products is a premier wholesale distributor of building products that serves more than 250 customers across the Pacific Northwest, Alaska, Hawaii, British Columbia, and Alberta from distribution facilities in Kent, Spokane, and Marysville, Washington. Vandermeer Forest Products was founded in 1972 and is based in Lynnwood, Washington.

Buy $67M

Seller(S) 1

SELLER

Charlesbank Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1998
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Charlesbank Capital Partners is a private equity firm focused on investing in companies at various stages of development, including private and public companies, distressed situations, as well as later stage high growth businesses. Charlesbank typically invests $50 to $150 million per deal, in companies valued between $150 million and $3 billion. Industries of interest include consumer products, distribution, energy, financial services, food, education, health-care products and services, manufacturing, media and communications, and retail. Charlesbank Capital Partners is based in Boston, Massachusetts with an additional office in New York City.

DEAL STATS #
Overall 39 of 49
Sector (Distribution) 2 of 2
Type (Add-on Acquisition) 13 of 17
State (Oklahoma) 1 of 1
Country (United States) 35 of 45
Year (2018) 1 of 6
Size (of disclosed) 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 Galls

Lexington, Kentucky, United States

Galls is a distributor of uniforms and equipment to the public safety market. Galls represents the largest distributor of uniform and equipment to public safety personnel, including police, fire, EMS, private security, corrections, federal/military, and postal. Galls services customers through a national catalogue, convenient eCommerce site, more than 50 dedicated sales reps, 80 locations, and its proprietary "eQuip" online solution serving state and local agencies. Each year, more than one million men and women in the public safety, postal and public transportation industries depend on Galls for their essential equipment and apparel. Galls was founded in 1967 and is based in Lexington, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-04 Fortra

Eden Prairie, Minnesota, United States

Fortra provides security, systems and network management, automation, business intelligence and compliance solutions. The Company’s software and services monitor and automate processes, encrypt and secure data, and provide access to the information that large organizations need every day. Fortra was founded in 1982 and is based in Eden Prairie, Minnesota.

Buy -
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