Calder Capital is excited to announce the acquisition of Iverson’s Lumber of Highland Township and Montrose, Michigan by The Schockman Lumber Group of St Henry, Ohio.
Founded in the 1950s, Iverson’s Lumber is an independent lumber yard and supplier of quality lumber, tools, hardware, and building materials. Over the last 70+ years, the company has grown to two locations with 49 employees. Third-generation owner, Todd Iverson, along with his partners, Morrey Law and Mark Hamlin, engaged Calder Capital’s Sell-Side eager to pursue retirement.
Schockman Lumber offers a number of services and products including pole barns and buildings, architectural trims, doors, stair parts, railing, lumber products, roofing, flooring, decking, windows, hardware, and more. The acquisition is an excellent strategic fit for The Schockman Lumber Group’s portfolio, providing a seamless transition for both clients and employees. This synergistic acquisition will enable Schockman Lumber to expand its market reach and enhance its service offerings, further strengthening its well-respected reputation.
Matt Uhl of Calder Capital served as the lead Mergers and Acquisitions Advisor to Iverson’s Lumber Co., Inc.
The Calder Capital team ran a highly efficient process during which time 56 qualified buyers expressed interest. Iverson’s launched to market on June 8th, had an offer accepted by July 21st, and closed the acquisition on September 1st.
“Congratulations to Iverson’s and Schockman,” commented Matt Uhl. “I wish Todd, Morrey, and Mark all the best in their retirements and look forward to seeing Schockman’s continued growth and success!”
“Congratulations to Schockman and Iverson’s on a transaction well-executed. It’s rewarding to Calder when we take over an engagement from a firm that does not perform and proceed to get the deal done in a matter of a few short months. This is a testament to our large buyer network, aggressive marketing, and the momentum that we keep,” shared Calder’s Managing Partner, Max Friar. “Congratulations as well to advisor Matt Uhl!”
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to Iverson’s Lumber Co., Inc.
The terms of the transaction were not disclosed.
About Iverson’s Lumber
Iverson’s Lumber was founded in 1950 by Clifford Iverson as an independent lumber yard in Highland, Michigan. Along the way, the Company expanded to two locations in Milford and Montrose, Michigan. Clifford Iverson passed the Business down to his son, Keith Iverson, and Keith then passed the Business down to his son, Clifford “Todd” Iverson, and two of the Company’s employees, Mark Hamlin and Morrey Law. The company is a supplier of quality lumber, tools, hardware, and building materials. Over the last 70+ years, Iverson’s has established a solid reputation for offering top-of-the-line products and high-quality services to its customers across the state of Michigan.
About The Schockman Lumber Group
Schockman Lumber offers a number of services and products including pole barns and buildings, architectural trims, doors, stair parts, railing, lumber products, roofing, flooring, decking, windows, hardware, and more. The Company is headquartered in St. Henry, Ohio.
About Calder Capital
Founded in 2013, Calder Capital, LLC is a lower middle market investment bank providing mergers and acquisitions advisory services to business owners, entrepreneurs, family offices, and investors across the United States. Our dedicated team of professionals combines extensive industry experience, technological innovation, negotiation savvy, and key relationships to exhibit exceptional execution. Calder’s services include mergers and acquisitions advisory, private funds and capital markets advisory, and business valuations.
