USNR, WFG Sold To Equity Firm
One Equity Partners (OEP), a middle market private equity firm, announced that it has completed the previously announced acquisitions of USNR and Wood Fiber Group. OEP reports it subsequently merged the two businesses, with projected 2021 revenues greater than $500 million.
JB Cherry, Senior Managing Director, OEP, comments, “Combining these two great companies that are headquartered seven miles apart with a long history of collaboration and complementary customer bases is a natural next step to drive value for the businesses and their customers.”
Headquartered in Woodland, Wash., USNR provides comprehensive automation and technology system integration for wood products mills. The company boasts the largest global installed base of wood processing equipment, serving more than 1,800 customers operating 2,500 mill sites in 56 countries.
Ridgefield, Wash.-based Wood Fiber Group acts as a “one-stop shop” provider of leading cutting tool products under brands including Simonds International, Burton Saw & Supply, BGR Saws, Cut Technologies, Global Tooling, U.S. Blades, Armstrong Manufacturing, and Wright Machine Tool. The company has 12 facilities across all the major North American wood processing regions.
“We at USNR are so excited to come together with One Equity Partners and our great friends at Wood Fiber Group,” says Dale Brown, CEO of USNR. “OEP’s ambitious vision to combine these two enterprises and its established track record of successful investments in industrial companies immediately made the firm a preferred partner as we evaluated pathways to continued growth.”
“We’re confident this merger will benefit customers of both USNR and Wood Fiber Group and enable us to collectively reach our full potential when it comes to service and innovation as we continue meeting the strong demand for lumber processing technology and mission-critical aftermarket parts and supplies,” adds Craig Tompkins, CEO of Wood Fiber Group.
One Equity Partners is a middle market private equity firm focused on the industrial, healthcare and technology sectors in North America and Europe. Since 2001 the firm has completed more than 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt, and Amsterdam.
RELATED ARTICLES
Wood Fiber Group Merges With USNR
Harrigan Plans For USNR Trimmer Line
Latest News
Housing Starts Decline, But Still Steady
U.S. housing starts were down 8% in June from May to a seasonally adjusted rate of 1.434 million. May’s 1.6 million rated starts had surprised everybody, increasing 20% over April. June single-family starts were at a rate of 935,000, 7% below May, while multi-family starts were 482,000, down 11.6% from May…
Dale Brown Becomes USNR CEO
Wood Technologies International announced that President Dale Brown has been appointed CEO of the company, succeeding Craig Tompkins who now serves as a Strategic Advisor to the Board of Directors of Wood Technologies…
The Logger Supply Chain Strain
During the Southern Forest Products Assn.’s educational sessions at the 2021 event, longtime sawmiller and consultant Huey Long noted that early in his career, one of his mentors said that to help maintain perspective, it’s important to always keep a basic line chart graph showing 20 years of lumber prices on your office…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.