M&A Deal Summary

UFP Industries Acquires Pallet USA

On September 16, 2019, UFP Industries acquired manufacturer Pallet USA from Blackthorne Partners

Acquisition Highlights
  • This is UFP Industries’ 1st transaction in the Manufacturing sector.
  • This is UFP Industries’ 24th transaction in the United States.
  • This is UFP Industries’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2019-09-16
Target Pallet USA
Sector Manufacturing
Buyer(s) UFP Industries
Sellers(s) Blackthorne Partners
Deal Type Add-on Acquisition

Target

Pallet USA

Hartford, Wisconsin, United States
Pallet USA is a pallet manufacturer that offers competitively priced new, refurbished and custom designed pallets, shipping crates and storage crates, industrial lumber, and pallet recycling. Pallet USA is based in Hartford, Wisconsin.

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Buyer(S) 1

Buyer

UFP Industries

Grand Rapids, Michigan, United States
Category Company
Founded 1955
Sector Forest Products
Employees15,800
Revenue 7.2B USD (2023)
DESCRIPTION
Universal Forest Products' corporate headquarters in Grand Rapids, Michigan.
Universal Forest Products' corporate headquarters in Grand Rapids, Michigan.

UFP Industries designs, manufactures, and markets wood and wood-alternative products for national home centers and other retailers, structural lumber and other products for the manufactured housing industry, engineered wood components for residential and commercial construction, specialty wood packaging, components and packing materials for various industries, and customized interior fixtures used in a variety of retail stores, commercial and other structures. UFP Industries was founded in 1955 and is based in Grand Rapids, Michigan.

DEAL STATS #
Overall 26 of 35
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 22 of 31
State (Wisconsin) 1 of 2
Country (United States) 24 of 33
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-18 Wolverine Wood Products

Grand Rapids, Michigan, United States

Wolverine Wood Products, Inc. is a manufacturer of wood panel components for furniture, store fixtures, and case goods. Wolverine Wood Products, Inc. was founded in 2008 and is based in Grand Rapids, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-16 Quest Design & Fabrication

Stafford, Texas, United States

Quest Design & Fabrication LLC specializes in designing, fabricating and installing premium millwork and case goods for a variety of commercial uses, including builder’s sales centers, design studios, hospitality, corporate offices, and healthcare. Quest Design & Fabrication is based in Stafford, Texas.

Buy -

Seller(S) 1

SELLER

Blackthorne Partners

Delafield, Wisconsin, United States

Investor Investor

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Blackthorne Partners is a private investment firm focused on direct investments in small, niche private companies. Blackthorne generally targets commercial service businesses with at least $1 million in EBITDA. Blackthorne Partners was founded in 2007 and is based in Brookfield, Wisconsin.

DEAL STATS #
Overall 2 of 3
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Wisconsin) 2 of 3
Country (United States) 2 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Group Basis

Milwaukee, Wisconsin, United States

Group Basis LLC is a provider of SAP technical solutions for firms needing SAP Basis administration.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Design Specialties

Milwaukee, Wisconsin, United States

Design Specialties is a manufacturer of fireplace doors, screens and other hearth accessories sold at specialty hearth retailers. Design Specialties was founded in 1983 and is based in Milwaukee, Wisconsin.

Sell -
Mergr

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