Founded 30+ years ago, the Company is an absentee-owned wood product manufacturer located in Michigan. The Company primarily manufactures quality industrial and grade lumber for use in a wide range of end markets. It additionally acts as a wood biomass broker for a network of customers. The Company primarily services large volume automated pallet shops and customers with concentration yards who purchase large volumes of multiple hardwood species.
The Company is absentee-owned with a non-owner general manager who runs daily operations. The general manager is long-tenured with the Company, having worked in it for over 20 years. The general manager is supported by a similarly tenured management team, allowing the ownership group to take its passive position.
The Company possesses many highlights, including its passive ownership structure, strategic location, and existing investment in technology, all of which make it a well-positioned operator in the industry. Similarly, the potential opportunities to automate wood grading processes and material handling provide avenues for growth.
The Company owns and operates out of an extensive property consisting of 95 acres and 12 structures totaling 82,000 square feet. Similarly, the Company operates with a substantial equipment base. Per appraisals completed in 2022, the Company’s facility is valued at $2.3M+, and the equipment is valued at $5.6M+.