M&A Deal Summary

Sierra Pacific Industries Acquires HWD Acquisition

On August 6, 2014, Sierra Pacific Industries acquired engineering company HWD Acquisition from Longroad Asset Management

Acquisition Highlights
  • This is Sierra Pacific Industries’ 1st transaction in the Engineering sector.
  • This is Sierra Pacific Industries’ 1st transaction in the United States.
  • This is Sierra Pacific Industries’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2014-08-06
Target HWD Acquisition
Sector Engineering
Buyer(s) Sierra Pacific Industries
Sellers(s) Longroad Asset Management
Deal Type Add-on Acquisition
Advisor(s) BB&T Capital Markets (Financial)

Target

HWD Acquisition

Medford, Wisconsin, United States
HWD Acquisition, Inc., dba Hurd Windows and Doors, manufactures high-end custom wood windows and doors that are sold under the Hurd brand for residential new construction, remodeling, and light commercial applications.

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Buyer(S) 1

Buyer

Sierra Pacific Industries

Anderson, California, United States
Category Company
Founded 1949
Sector Forest Products
DESCRIPTION

Sierra Pacific is a forest products company based in Anderson, California. The firm owns and manages nearly 1.9 million acres of timberland in California and Washington, and is the second largest lumber producer and largest manufacturer of millwork in the United States.

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

Seller(S) 1

SELLER

Longroad Asset Management

Stamford, Connecticut, United States
Category Distressed Investor
Founded 2001
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Longroad Asset Management is a special situations private equity firm focused on troubled companies located within the United States or Canada. The firm seeks to invest in middle market companies across a wide range of industries with revenues between $30 million to $500 million. The firm typically commits between $5 million to $50 million per investment. Companies targeted may be in deep financial distress, in or near bankruptcy, operationally under-performing businesses, companies experiencing downturns in business or economic cycles and orphan businesses including divestitures, spin-offs or carve-outs. Longroad Asset Management was formed in 2001 based in Stamford, Connecticut and has office in Austin, Texas.

DEAL STATS #
Overall 10 of 12
Sector (Engineering) 2 of 2
Type (Add-on Acquisition) 4 of 4
State (Wisconsin) 2 of 2
Country (United States) 5 of 7
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-31 Blue Bell Mattress

East Windsor, Connecticut, United States

Blue Bell Mattress manufactures private label and license-branded mattresses for customers in the retail mattress and furniture industry. Blue Bell Mattress was founded in 1928 and is based in East Windsor, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-26 Easy Gardener Products

Waco, Texas, United States

Easy Gardener Products, Inc. is distributor of a wide array of products in the fertilizer, chemical-free weed control, and consumer shade categories. Easy Gardener’s portfolio of brands, including Jobe’s, Weedblock, Landmaster, Sunscreen, and Ross are among the most recognized in the Lawn & Garden industry.

Sell -
Mergr

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