U.S. Lumber Group, LLC has signed an agreement for a strategic growth investment from Madison Dearborn Partners ("MDP"), a leading private equity firm based in Chicago.
Upon completion of the transaction, U.S. Lumber 's existing management team will remain in place and work with MDP to execute a strategy of pursuing geographic and product offering expansion.
U.S. Lumber Founder and Executive Chairman Lawrence Newton said: "We have successfully green-fielded five of our nine locations, but believe that with MDP on board we now have an even greater opportunity to serve our suppliers and customers with additional geographical expansion through acquisition. We are excited about continuing to grow our unique product and services platform. Partnering with MDP provides us with the resources we need to accomplish this next phase of our expansion."
U.S. Lumber is a leading two step distributor of specialty building products in the Eastern United States.
