The Company’s CEO, Frank "Bump" Faircloth, and President, Daniel Dickert, invested alongside Blue Wolf and will remain with the Company as will others on the management team. Michael Ranson and Charles Miller, Partners at Blue Wolf, will join the Company's Board of Directors.
Adam Blumenthal, Managing Partner at Blue Wolf commented, "Strong regional players like Suwannee with solid business models that can also benefit from strategic operational improvements are ideal investments for Blue Wolf. Suwannee is well-positioned in an industry that is showing many positive trends – we are looking forward to working with Bump and his team to build upon the Company's success."
Charles Miller added, "Suwannee is a well-run company with excellent long-term customer relationships. It is also a leading local employer with many dedicated employees. These factors provide a solid base for growth and for building even stronger networks that ensure the Company's continued leadership in the local markets and beyond."
Suwannee Lumber Co., founded in 1954, is a leading independent manufacturer of softwood lumber in the Southeastern United States. Suwannee operates a 150 million board foot sawmill operation and supplies decking and dimensional lumber to customers in the Southeast, Mid-Atlantic and Northeast United States.
