M&A Deal Summary

Conifex Acquires Suwannee Lumber

On July 9, 2018, Conifex acquired forest products company Suwannee Lumber from Blue Wolf Capital Partners

Acquisition Highlights
  • This is Conifex’s 1st transaction in the Forest Products sector.
  • This is Conifex’s 1st transaction in the United States.
  • This is Conifex’s 1st transaction in Florida.

M&A Deal Summary
Date 2018-07-09
Target Suwannee Lumber
Sector Forest Products
Buyer(s) Conifex
Sellers(s) Blue Wolf Capital Partners
Deal Type Add-on Acquisition

Target

Suwannee Lumber

Cross City, Florida, United States
Suwannee Lumber Co. is a operator of lumber manufacturer and lumber Stores. Suwannee Timber Management, currently operates an impressive 150 million board foot sawmill operation on Florida’s Gulf of Mexico in Cross City, Florida. Our ground cover division, Suwannee River Mulch and Soil, is poised for steady growth and prepared to become the main supplier of mulch in the Southeastern United States.

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Buyer(S) 1

Buyer

Conifex

Vancouver, British Columbia, Canada
Category Company
Founded 2007
Sector Forest Products
Employees287
Revenue 141M CAD (2023)
DESCRIPTION

Conifex primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value added lumber finishing and distribution. Conifex's lumber products are sold in the United States, Chinese, Canadian and Japanese markets. Conifex has expanded its operations to include bioenergy production following the commencement of commercial operations of its power generation facility at Mackenzie, British Columbia. Conifex was founded in 2007 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 1 of 1
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-24 Conifex Timber - Three U.S. Sawmills

United States

Conifex Timber's Three U.S. Sawmills produce construction-grade dimensional lumber and decking products.

Sell $163M

Seller(S) 1

SELLER

Blue Wolf Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Blue Wolf Capital Partners is a private equity investment firm that targets control investments in middle-market North American companies. Blue Wolf looks to commit at least $25 million of equity capital in businesses with minimum revenues of $50 million. Blue Wolf is a generalist firm with broad interest in service and applied engineering companies, capital equipment manufacturers, general manufacturing, financial services, paper products, and broadcast media. Blue Wolf will also consider distressed situation investments. The Firm does not invest in start-ups. Blue Wolf Capital Partners was formed in 2005 and is located in New York, New York.

DEAL STATS #
Overall 10 of 17
Sector (Forest Products) 2 of 2
Type (Add-on Acquisition) 8 of 11
State (Florida) 2 of 3
Country (United States) 9 of 15
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-16 TGW Global

Sheffield, United Kingdom

TGW Global Ltd. is a machine knife manufacturing with facilities and distributors scattered around the globe - providing customers with valuable, convenient and relevant information about our diverse range of products and services. The main orientation of the company is machine knife manufacturing with an emphasis on affordable and reliable products. TGW was formed in 1908 and is based in Sheffield, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-14 TGW Global

Sheffield, United Kingdom

TGW Global Ltd. is a machine knife manufacturing with facilities and distributors scattered around the globe - providing customers with valuable, convenient and relevant information about our diverse range of products and services. The main orientation of the company is machine knife manufacturing with an emphasis on affordable and reliable products. TGW was formed in 1908 and is based in Sheffield, United Kingdom.

Sell -
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