Blue Wolf Capital Partners LLC is a New York based private equity firm. Today it announced its asset acquisition of Suwannee Lumber Co. The purchase was made through an affiliate of Blue Wolf Capital, the Blue Wolf Capital Fund III, L.P.
Suwannee Lumber Co was founded in 1954. It is a leading independent manufacturer of softwood lumber in Southeastern United States. The lumber firm is well positioned in the industry and showed positive trends. The company said that it is looking forward to work with the management team of Blue Wolf.
The company's chief executive officer, Frank Faircloth and its president Daniel Dickert ivested alongside Blue Wolf. The two will remain with the firm along with others in the management team. Michael Ranson and Charles Miller partners with Blue Wolf and will join the company's board of directors.
Blue Wolf stated its excitement to work with Suwannee as the company sees the acquisition an ideal investment. Further, Miller added that Suwannee is a well run company with excellent long term relationships with its customers.
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