M&A Deal Summary

Watermill Group Acquires Weston Forest Products

On January 4, 2021, private equity firm Watermill Group acquired distribution company Weston Forest Products

Acquisition Highlights
  • This is Watermill Group’s 2nd transaction in the Distribution sector.
  • This is Watermill Group’s 1st transaction in Canada.
  • This is Watermill Group’s 1st transaction in Ontario.

M&A Deal Summary
Date 2021-01-04
Target Weston Forest Products
Sector Distribution
Buyer(s) Watermill Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Deloitte (Financial)
Torkin Manes
Ernst & Young - Law (Legal)

Target

Weston Forest Products

Mississauga, Ontario, Canada
Weston Forest Products is a distributor and remanufacturer of softwood & hardwood lumber and specialty panel products, serving North America’s industrial and construction sectors. Weston’s remanufacturing and inventory management services help customers create specified crating, packaging, pallets and boxes, and other niche wood products that are essential for the production or shipment of Industrial goods. Weston Forest Products was founded in 1953 and is based in Mississauga, Ontario.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Watermill Group

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The Watermill Group is a private investment firm focused on acquiring/investing in mid-sized businesses operating in traditional industries. Watermill generally looks for US or Canada-based companies which require operating, strategic and capital resources to grow. Sectors of interest include metals, rubber/plastics, paper, packaging, chemicals, food products, value-added distribution, manufacturing, business services, and building products/services. Prospective companies typically generate $35 to $400 million revenues, however Watermill will consider certain smaller businesses as well. Watermill will not invest in fashion businesses, tech companies or industries characterized by short product life cycles or binary outcomes. Watermill was formed in 1978 and is based in Lexington, Massachusetts.

DEAL STATS #
Overall 16 of 17
Sector (Distribution) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 8 of 8
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-03 Enbi Group

Shelbyville, Indiana, United States

Enbi Group is a manufacturer of high-performance precision rollers, insulation, gaskets and sealing technologies. Enbi serves best-in-class OEMs in digital printing, ATMs and cash handling systems, HVAC (heating, ventilation, air conditioning) as well as other industries in which exacting precision and quality are critical to end-product performance. Enbi Group was established in 1950 and is based in Shelbyville, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 Tenere

Dresser, Wisconsin, United States

Tenere is a designer and builds hard tool-manufactured products. It offers design and engineering, sheet metal fabrication and stamping, plastic injection molding, custom precision machining, and logistical solutions and services. Tenere was founded in 1966 and is based in Dresser, Wisconsin.

Sell -
Mergr

Product

Company

Legal