Lumber Manufacturer Specializing in Log & Timber Frame Style Homes and
Commercial Products
The Company manufactures lumber specializing in rustic products for log and timber frame style homes across the United States. The Company's primary product categories include heavy timber, mass timber, rustic wall coverings, log railings, log siding, and weather wood.
Key Aspects
· The Company has a broad product mix producing over 200 unique product SKUs across 10 product categories
· The Company consistently attracts new customers exhibited by revenue from new customers growing at a compound annual growth rate (CAGR) of 10.5% from 2021 through 2024
· The Company generated strong gross profit and adjusted EBITDA growth with CAGRs of 20.7% and 35.8%, respectively, from 2021 through 2024
· The Company's strategic focus on higher margin products drove gross profit margin and adjusted EBITDA margin growth of 13.9 and 7.0 percentage points, respectively, from 2021 through 2024
Opportunities
· Generate recurring revenue through the implementation of long-term contracts with building supply wholesalers
· Increase revenue through service expansion into installation services
· Expand profit margin through increased sales and marketing efforts focused on high-demand and high-margin products
· Increase profit margin through geographic expansion of suppliers and operating facilities
Headquartered
· Michigan, United States
Current Markets
· The Company primarily serves residential home owners, builders, commercial contractors, and building supply wholesalers across the United States.
Real Estate
· The Company operates from two facilities in Michigan that are located on adjoining lots. The primary location is a 39,000 sq ft. manufacturing, warehouse, and fulfillment facility. The secondary facility is a 4,500 sq. ft. showroom and office. The facilities are owned by the Company and are expected to be included in the sale of the Company.
Shareholder Objectives
· The Company is fully owned by the owner/operator. The owner is seeking a buyer that can capitalize on and contribute to the future growth of the Company. The owner is actively involved in the operations of the Company and is open to remaining with the Company post-sale. The owner is open to a variety of deal structures to facilitate a transaction.
