M&A Deal Summary

Baillie Lumber Acquires American Hardwood Industries

On March 26, 2014, Baillie Lumber acquired building materials company American Hardwood Industries from H.I.G. Private Equity

Acquisition Highlights
  • This is Baillie Lumber’s 1st transaction in the Building Materials sector.
  • This is Baillie Lumber’s 1st transaction in the United States.
  • This is Baillie Lumber’s 1st transaction in Virginia.

M&A Deal Summary
Date 2014-03-26
Target American Hardwood Industries
Sector Building Materials
Buyer(s) Baillie Lumber
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition
Advisor(s) Piper Jaffray Companies (Financial)

Target

American Hardwood Industries

Waynesboro, Virginia, United States
American Hardwood Industries ('AHI'), formerly Augusta Lumber, is a provider of hardwood logs, lumber and flooring both in the United States and abroad.

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Buyer(S) 1

Buyer

Baillie Lumber

Hamburg, New York, United States
Category Company
Founded 1923
Sector Forest Products
DESCRIPTION

Baillie Lumber Co., Inc. is a hardwood lumber manufacturer distributor and exporter.

DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 51 of 175
Sector (Building Materials) 2 of 5
Type (Add-on Acquisition) 22 of 72
State (Virginia) 2 of 4
Country (United States) 44 of 120
Year (2014) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-17 Kondor

Christchurch, United Kingdom

Kondor Ltd. is a distributor of audio and mobile accessory products to a broad range of e-tail, retail and mobile operator customers. Kondor Ltd. was founded in 1994 and is based in Christchurch, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Office Total

Rio De Janeiro, Brazil

Office Total is an MPS provider in Rio de Janeiro. Office Total offers printing solutions from several suppliers through a wide range of leasing programs. The Company operates regionally and enjoys a loyal and diversified client base spread over several industries. It has over 500 long-term outsourcing contracts, and provides ongoing technical support and monitoring services. Office Total was founded in 1995 and is based in Rio De Janeiro, Brazil.

Buy -
Mergr

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