LM+Co Capital Completes Successful Recapitalization of Weaber Lumber
New York, NY – July 29, 2015 – LM+Co Capital, a leading New York-based middle market investment banking firm, has announced the successful recapitalization of its client Weaber, Inc. (“Weaber”), based in Lebanon, Pennsylvania, by Matthew G. Weaber, CEO and grandson of the Company’s founder, thereby transitioning the controlling interest in the Company back to the Weaber family. Cleveland-based Cyprium Partners, a private equity firm focused on making non-control investments, supported Mr. Weaber in the recapitalization of the Company.
Weaber is a leading producer of high quality hardwood products including Oak flooring, Poplar and Oak moulding, finished trim boards, plantation shutter louvers, and hardwood stair components which are sold throughout the country to pro-contractor yards, specialty flooring distributors, building products wholesalers and various other outlets.
According to Rick Zytkowicz, Managing Director with LM+Co Capital, “On behalf of LM+Co Capital, we are delighted for Matt and his family as he embarks on the next chapter of the Weaber legacy. Matt is a very successful CEO with a proven track record in the Building Products Industry. In partnership with Cyprium Partners, I believe the company is poised for much success and additional growth opportunities. We are honored to have been involved in such an exciting transaction”.
Matthew G. Weaber, President and Chief Executive Officer, commented “This is an incredibly exciting time for my family and our employees. As a result of this transaction, our business is well-positioned for substantial growth in the industry and will allow us to better serve our customers and our community. As a testament to our management team, market strategy and strategic focus, the Company has attracted an experienced investor group in Cyprium Partners who we believe are committed to supporting our Company for the years to come. Further, I cannot say enough about LM+Co Capital and in particular, Rick Zytkowicz. Without his commitment and tireless effort to structure and source the right capital partner for my family’s business, I am not sure we would have been able to consummate this transaction”.
About Weaber, Inc.
The Company was founded in 1941 by Walter H. Weaber. Walter’s son Galen later took over the business and grew the company into a leading U.S. value-added processor of hardwood products for use in residential repair and remodel (“R&R”) throughout the United States and Canada.
In addition to its state-of-the–art sawmill, Weaber has extensive processing and finishing capabilities that enable it to produce a wide range of lumber products, including surfaced four sides (“S4S”) boards, flooring, moulding, stair parts, finger-jointed products, edged glued products and kiln-dried lumber from Oak, Poplar and other hardwood species. Weaber utilizes sustainable environmental practices to source its lumber locally from the Appalachian Mountain region.
About LM+Co Capital
LM+Co Capital, a registered broker dealer and member of FINRA/SIPC, is solely focused on the middle market. LM+Co Capital “LMCC”, provides investment banking and advisory services to corporations, investors, private equity groups and business owners. LMCC offers its clients years of experience in Mergers + Acquisitions, Capital Advisory, Financial Restructuring and Business Valuations. LMCC is an independently operated affiliate of Loughlin Management Partners + Company “LM+Co”, a multi-disciplinary professional services firm focused on the middle market. In Private Equity Value Creation, Turnaround + Restructuring and Corporate Finance, LM+Co has distinguished itself with management teams and investors for more than a decade by focusing on actionable solutions across a broad range of industries, and delivering results that maximize value.
About Cyprium Partners
Cyprium Partners (Cyprium) is a private investment firm that makes non-control investments in profitable middle-market companies, allowing company owners and their management teams to retain controlling interest in their business after it invests. Cyprium strives to be a value-added investor that supports the growth, acquisition, refinancing or liquidity needs of private company owners and their management teams. Specifically, it looks for companies that prefer an informed investor; one who has the capacity to provide creative solutions for strategic, operational and financial challenges. The partners of Cyprium established its first investment vehicle in 1998 and are now investing from its fourth fund. Investors include pension funds, insurance companies, financial institutions, funds-of-funds, family offices and entrepreneurs who the firm has backed in previous investments. Since 1998, the firm has made 71 investments totaling over $1.1 Billion in capital.