Roark Capital Group and Wood Structures Inc. Acquire Weyerhaeuser's Boston Wood Products Distribution Center
Atlanta, Georgia, USA, 11 December 2007 -- /PRNewswire/ -- Roark Capital Group, an Atlanta-based private equity firm, has completed its acquisition of Weyerhaeuser's Distribution Center (WDC), located south of Boston in Assonet, Massachusetts. WDC is a wholesale distributor of building products, with a specialization in engineered wood products. Weyerhaeuser's engineered wood products line, iLevel, is the market leader in product engineering, design, and distribution.
"We are proud to add Weyerhaeuser's top-rated iLevel product line to our offering," said Frank Paul, CEO of Wood Structures. "We look forward to providing ongoing exceptional service to customers of WDC and Wood Structures."
The operations of WDC have been acquired by a subsidiary of Wood Structures, Inc., a company owned by affiliates of Roark Capital. Based in Biddeford, Maine, Wood Structures is a manufacturer and designer of manufactured wood products, including roof trusses, floor trusses, and wall panels, and distributor of engineered wood products used in residential and commercial buildings.
"WDC is very complimentary to Wood Structures," said Lawrence J. DeAngelo, managing director at Roark. "This distribution center will allow Wood Structures to extend its geographical reach beyond its core markets into western Massachusetts, Vermont, and eastern New York. The acquisition will also play a significant role in our growth strategy."
About Roark Capital Group
Roark Capital Group is an Atlanta-based private equity firm that specializes in business and consumer service companies with attractive growth prospects and revenues ranging from USD 20 million to USD 1.0 billion. Specific areas of focus include franchise, direct marketing, and financial services. The firm has more than USD 1.5 billion of equity capital under management. For more information, visit www.roarkcapital.com.
About Wood Structures
Headquartered in Biddeford, Maine, Wood Structures, Inc. is New England's leading wood truss manufacturer and distributor of engineered wood products. Wood Structures supplies roof and floor trusses, engineered wood products, wall panels, and related structural elements exclusively through lumber dealers in the Northeast. For more information, visit www.wsitruss.com.
Based in Assonet, Massachusetts, WDC is a wholesale distributor of building products, including engineered wood products, cedar, OSB, and plywood/panels. WDC is the exclusive distributor of Weyerhaeuser's industry leading iLevel product line in the New England market. For more information, visit www.ilevel.com .