Investment Summary

Watermill Group Invests In Musser Lumber

On May 14, 2024, private equity firm Watermill Group invested in forest products company Musser Lumber

Investment Highlights
  • This is Watermill Group’s 3rd transaction in the Forest Products sector.
  • This is Watermill Group’s 15th transaction in the United States.
  • This is Watermill Group’s 1st transaction in Virginia.

Investment Summary

Date 2024-05-14
Target Musser Lumber
Sector Forest Products
Investor(s) Watermill Group
Deal Type Growth Capital
Advisor(s) Brown Gibbons Lang & Co. (Financial)
Gentry Locke (Legal)

Target

Musser Lumber

Rural Retreat, Virginia, United States
Musser Lumber provides hardwood lumber to commercial, industrial, and residential clients. Musser Lumber was founded in 1968 and is based in Rural Retreat, Virginia.

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Investor(S) 1

Investor

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 17 of 17
Sector (Forest Products) 3 of 3
Type (Growth Capital) 2 of 2
State (Virginia) 1 of 1
Country (United States) 15 of 15
Year (2024) 1 of 1
PREVIOUS 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.

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