M&A Deal Summary

Astara Capital Partners Acquires Cross City Lumber

On April 15, 2021, private equity firm Astara Capital Partners acquired forest products company Cross City Lumber

Acquisition Highlights
  • This is Astara Capital Partners’ 1st transaction in the Forest Products sector.
  • This is Astara Capital Partners’ 2nd transaction in the United States.
  • This is Astara Capital Partners’ 1st transaction in Florida.

M&A Deal Summary
Date 2021-04-15
Target Cross City Lumber
Sector Forest Products
Buyer(s) Astara Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Cross City Lumber

Cross City, Florida, United States
Cross City Lumber is a Southern yellow pine sawmill that manufactures specialty and dimensional grades of lumber. Cross City Lumber is based in Cross City, Florida.

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Buyer(S) 1

Buyer

Astara Capital Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2020
Size Small
Type Sector Agnostic
DESCRIPTION

Astara Capital Partners is a private investment firm focused on acquiring and investing in mid-sized companies throughout North America. Astara looks to commit $10 to $100 million in businesses valued up to $250 million. Sectors of interest include aerospace/defense, building products, business services, energy services, forest products, niche manufacturing, food, and packaging. Astara Capital Partners was established in 2020 and is headquartered in New York City.

DEAL STATS #
Overall 2 of 6
Sector (Forest Products) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 4
State (Florida) 1 of 3
Country (United States) 2 of 6
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 Garlock Printing & Converting

Gardner, Massachusetts, United States

Garlock Printing & Converting is a full-service flexible packaging converter that provides solutions for a wide variety of food, consumer and industrial applications. Garlock Printing & Converting was founded in 1987 and is based in Gardner, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-04 BDV Solutions

Greenville, South Carolina, United States

BDV Solutions is a tech-enabled, turnkey provider of employment-based immigration services to foreign nationals and employers whose solutions help resolve labor shortages in industries. BDV Solutions was founded in 2013 and is based in Greenville, South Carolina.

Buy -
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