M&A Deal Summary

Astara Capital Partners and Headway Capital Partners Acquire Cross City Lumber

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

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

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 $20 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, New York.


DEAL STATS #
Overall 2 of 7
Sector: Forest Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 5
State: Florida M&A 1 of 3
Country: United States M&A 2 of 7
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 Garlock Flexibles

Gardner, Massachusetts, United States

Garlock Flexibles is a full-service flexible packaging converter that provides solutions for a wide variety of food, consumer and industrial applications. Garlock Flexibles 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 -
DESCRIPTION

Headway Capital Partners is an investment firm that looks to partner with independent sponsors on a deal?by?deal basis. The Firm invests in the lower middle?market across Europe and North America and looks to commit €15 to €50 million per transaction. Headway Capital Partners was founded in 2004 and is headquartered in London, United Kingdom.


DEAL STATS #
Overall 7 of 14
Sector: Forest Products M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 8
State: Florida M&A 1 of 2
Country: United States M&A 2 of 6
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 Garlock Flexibles

Gardner, Massachusetts, United States

Garlock Flexibles is a full-service flexible packaging converter that provides solutions for a wide variety of food, consumer and industrial applications. Garlock Flexibles 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 -