Calder Capital is proud to announce that Northwest Hardwoods, “NWH”, a premier hardwoods supplier, has acquired Post Hardwoods, a long-standing hardwood supplier and manufacturer based in Hamilton, Michigan.
Post Hardwoods, established in 1980 by brothers Bob and Junior Post, is renowned for delivering high-quality and diverse hardwood lumber and logs from the Glacial region to its customers. The company’s 13,500-square-foot sawmill facility is situated on 20-acres, approximately 35 miles south of Grand Rapids.
After operating Post Hardwoods for nearly five decades, the Post brothers engaged Calder Capital to find their successor. Calder and advisor Matt Baas worked quickly, closing the transaction after only 2 months on the market.
In retirement, Bob eagerly anticipates increased hunting, fishing, and quality time with his grandkids. Junior is similarly excited for more time with his grandkids and to explore Michigan by bike with his wife.
“The acquisition of Post Hardwoods marks an important milestone in NWH’s growth,” said Nathan Jeppson, CEO of NWH. “Their impressive operations complement our commitment to reinforce and expand our position as a global leader in hardwood supply.”
Post Hardwoods’ extensive log sales business enhances NWH’s product range and flexibility, offering customers greater variety. The acquisition also gives NWH access to an array of sought-after Glacial species. Additionally, Post Hardwoods’ deep experience in sawing high-quality lumber and superior sourcing capabilities broadens NWH’s supply chain.
“We’re delighted to be joining the NWH family,” said Bob Post, CEO of Post Hardwoods. “This move paves the way for exciting new opportunities for our team while allowing us to uphold our unwavering commitment to quality. Together, we can better serve our customers and lead the hardwood industry into the future.”
“As a long-term customer and partner of Post Hardwoods, we have first-hand experience with the exceptional quality their mill delivers,” continued Jeppson. “This acquisition underscores the strength of our long-standing relationship and mutual commitment to industry excellence.”
Matt Baas of Calder Capital served as the lead Mergers & Acquisitions Advisor.
“Max, Thanks for being open and upfront right at the very beginning….but also for not pushing us into a decision,” Junior Post shared. “If you ever need a recommendation you’ve got it.”
“Matt, thanks for keeping us all informed and walking with us each step of the way. As well as calming things down when needed,” Junior continued. “Your onsite/after-hours visits did not go unnoticed either.”
Baas commented, “We are excited to have had the opportunity to represent Post Hardwoods. It was a well-built and respected company in the hardwoods industry. NWH is the ideal partner for the continued growth and success of the business.”
Calder Capital, LLC served as the exclusive financial advisor to Post Hardwoods.
The terms of the transaction were not disclosed.
About NWH
Founded in 1967, NWH has established itself as a leading manufacturer and supplier of hardwood lumber across North America, Europe, and Asia. Committed to streamlining the customer experience, NWH services a variety of sectors including furniture, flooring, cabinet, molding, and millwork. Offering more than 14 hardwood species from the main U.S. growing regions, along with imported plywood and exotic lumber, NWH operates more than 40 manufacturing and warehousing facilities nationwide. The company is dedicated to sustainability, providing only high-quality, sustainable hardwoods to protect our resources today and for future generations.
About Post Hardwoods
Post Hardwoods provides an array of hardwoods and hardwood byproducts for use in primarily housing applications. Its emphasis on high-quality hardwoods makes it one of the leading providers in the region. Post was founded in 1980 by brothers Bob and Junior Post. Bob’s journey in the industry began shortly after high school when he accepted a role as a forester for a local company. Later, when Junior graduated, Bob approached him with the idea of heading up their own forestry operation. Junior eagerly agreed and thus began his long career at the helm of Post Hardwoods alongside Bob.
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. Please see our website at www.caldergr.com for further information concerning Calder and its current opportunities.