July 2, 2010
New Haven, Connecticut – July 2, 2010 – Woodbridge is pleased to announce the closing of three transactions: Abrasive Products & Equipment, Arkansas Cancer Center and Millwood Lumber. Woodbridge’s completion of these three transactions gives the firm a total of six deals closed so far in 2010.
“We found the right buyers for these three diverse companies and delivered on our promise to provide exceptional mergers and acquisitions services to our clients,” said Robert Koenig, president of Woodbridge.
Based in Deer Park, Texas, Abrasive Products & Equipment provides corrosion control equipment and supplies to the central Gulf Coast region. The company completed a recapitalization with ShoreView Industries, a private equity firm headquartered in Minneapolis.
The radiation oncology unit of Arkansas Cancer Center, located in Pine Bluff, Arkansas, was acquired by Alliance HealthCare Services, Inc., a public healthcare company headquartered in Newport Beach, California.
Millwood Lumber, in Westchester, New York, is a supplier of lumber and building materials. The company was acquired by US LBM Holdings in Green Bay, Wisconsin. US LBM is the country’s 10th largest distributor of lumber and building supplies and a portfolio company of BlackEagle Partners, LLC, a Bloomfield Hill, Michigan-based private equity firm.
The healthcare deal was managed by Woodbridge dealmaker Tex Sekhon in the firm’s Dallas-area office; the Abrasive-ShoreView transaction was managed by Ernie Bower, who heads up Woodbridge’s Atlanta office; and Mike Muzzy, based in the firm’s Long Island, New York office, managed the Millwood-BlackEagle deal.
Woodbridge, LLC., an international M&A firm, was founded in 1993 to provide divestiture and acquisition services to middle market companies.