M&A Deal Summary

ADENTRA Acquires Rugby IPD

On July 13, 2016, ADENTRA acquired distribution company Rugby IPD from Leading Ridge Capital Partners for 107M USD

Acquisition Highlights
  • This is ADENTRA’s 2nd transaction in the Distribution sector.
  • This is ADENTRA’s 2nd largest (disclosed) transaction.
  • This is ADENTRA’s 4th transaction in the United States.
  • This is ADENTRA’s 1st transaction in New Hampshire.

M&A Deal Summary

Date 2016-07-13
Target Rugby IPD
Sector Distribution
Buyer(s) ADENTRA
Sellers(s) Leading Ridge Capital Partners
Deal Type Add-on Acquisition
Deal Value 107M USD
Advisor(s) KeyBanc Capital Markets (Financial)
Holland & Knight (Legal)

Target

Rugby IPD

Concord, New Hampshire, United States
Rugby IPD Corp. (dba Rugby Architectural Building Products) is a full-line wholesale distributor of specialty building products.

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Buyer(S) 1

Buyer

ADENTRA

Langley, British Columbia, Canada

Category Company
Founded 2004
Sector Distribution
Employees2,828
Revenue 2.2B USD (2023)
DESCRIPTION

ADENTRA is one of North America’s largest distributors of high-grade hardwood lumber, sheet goods and architectural millwork to the cabinet, moulding, millwork, furniture and specialty wood products industries. The Company currently operates a network in North America of 32 distribution centres, as well as 1 sawmill and kiln drying operation. ADENTRA was incorporated in 2004 and is based in Langley, Canada.


DEAL STATS #
Overall 4 of 10
Sector (Distribution) 2 of 7
Type (Add-on Acquisition) 4 of 10
State (New Hampshire) 1 of 1
Country (United States) 4 of 10
Year (2016) 1 of 1
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-28 Hardwoods Of Michigan

Clinton, Michigan, United States

Hardwoods Of Michigan, Inc. is a fully integrated producer of high quality hardwood lumber from its sawmill and kiln drying operations located on 23 acres in Clinton, Michigan. HMI has been in business for over 40 years and has a broad and diverse customer base throughout North America as well as in Europe and Asia. HMI sells hardwood lumber to customers that manufacture cabinets, flooring, furniture, mouldings, doors, windows and other custom millwork products.

Buy $15M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 Eagle Plywood and Lumber

Irving, Texas, United States

Eagle Plywood and Lumber is a single site wholesale distributor of non-structural architectural grade building products to customers that supply end-products to the commercial, industrial, retail, residential and institutional construction end-markets.

Buy -

Seller(S) 1

SELLER

Leading Ridge Capital Partners

Rockville, Maryland, United States

Investor


Category Private Equity Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Leading Ridge Capital Partners is a private equity group focused on investing in lower-middle market businesses. The Firm looks to invest recaps or outright sales of businesses with $10 to $50 million of revenue. Leading Ridge prefers non-tech businesses with high barriers to entry and differentiated products. Sectors of interest include value-added distribution, niche manufacturing & assembly, business services, and asset-light logistics. Target companies are generally located in the Mid-Atlantic area. Leading Ridge Partners was formed in 2009 and is based in Rockville, Maryland with an additional office in New York City.


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Hampshire) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Selectron Solutions

Marlton, New Jersey, United States

Selectron Solutions is a provider of reverse logistics services for consumer and enterprise electronics. Selectron Solutions was founded in 1985 and is based in Marlton, New Jersey.

Buy -