Houlihan Smith Advises Wood Lumber Co, Inc. on Credit Facility
Chicago, Illinois, and Camden, Arkansas, USA, 14 December 2006 -- /PRNewswire/ -- Houlihan Smith & Company Inc. (Houlihan) acted as the exclusive financial advisor in enabling a credit facility for Wood Lumber Co, Inc., it was announced by Charles Botchway, group managing director of Houlihan.
The financing was provided by Loan Star Land Bank, ACA, a lending cooperative based in Weatherford, Texas. "This facility enables this dynamic 30-year-old family business to effectively manage its mix of inventory, expand operations, and to add on strategic personnel in the face of a construction slow down," said Kevin Gear, Houlihan's managing director, who headed the deal team.
Wood Lumber Co, Inc. is a diversified, family-owned business that manufactures a variety of wood products. The company offers sawmill, steam conditioning, custom kiln drying, remanufacturing, engineered wood products, and reload facilities in southern Arkansas and southeast Oklahoma. The operation also includes a wholesale division of lumber products from supply contracts with major producers. The company is headquartered in Camden, Arkansas.
Houlihan Smith & Company, Inc. is a specialized investment banking firm that provides advisory, financing, and valuation services to public and private businesses. Houlihan is a registered broker-dealer and NASD/SIPC Member. Houlihan is affiliated and works closely with Houlihan Valuation Advisors, a leading valuation firm with offices throughout the United States, providing Houlihan with a team of industry experts to efficiently handle complex client engagements.
Source: Houlihan Smith & Company Inc.