GreyLion Acquires Norwood Sawmills

Wood Technologies International Acquires Norwood Sawmills

October 23, 2025

Manufacturing

Wood Technologies International (WTI), the One Equity Partners–backed owner of USNR and Burton Mill Solutions, has acquired Norwood Sawmills. Norwood will continue to operate from Barrie, Ontario and retain its brand, product names, dealer network and warranties while gaining access to WTI's broader capabilities, R&D and technical support.

GreyLion Partners Makes Strategic Investment in Torginol

June 29, 2025

Manufacturing

GreyLion Partners LP has made a strategic equity investment in Torginol, a Sheboygan, Wisconsin–based manufacturer of decorative flakes, quartz and other materials for resinous flooring systems. As part of the investment Torginol founder and chairman Tom Testwuide Jr. will retire; GreyLion will partner with CEO Jason LaBouve and management to scale sales and marketing, accelerate product development, add value‑added services and enhance manufacturing technology.

Lynx Equity Acquires Yellowhead Wood Products Inc.

August 24, 2021

Manufacturing

Toronto-based private equity firm Lynx Equity Limited has acquired Yellowhead Wood Products Inc., a 30-year-old secondary wood remanufacturer headquartered in Edson, Alberta. The acquisition expands Lynx's wood re-manufacturing platform (joining Winfield Wood and Lath) and was supported by $3.5 million in acquisition financing from BDC Capital; the sellers were the shareholders of Yellowhead and the sell-side process was led by MNP Corporate Finance.

Woodgrain Millwork Acquires Independence Lumber Sawmills

July 12, 2021

Building Products

Woodgrain Millwork, a family-owned millwork manufacturer based in Fruitland, Idaho, acquired Independence Lumber, Inc.'s two sawmills (Independence, VA and Elkin, NC) in a court-approved sale out of Federal Receivership. The acquisition expands Woodgrain's lumber production capacity to support its internal mills and external customers and preserves local jobs at the acquired facilities.

Watermill Group Acquires Weston Forest

January 4, 2021

Building Products

The Watermill Group, with co-investor Walter Capital Partners, has acquired Weston Forest, a North American distributor and remanufacturer of softwood and hardwood lumber and specialty panel products. The investment provides Weston Forest with strategic expertise and capital to accelerate growth while the existing executive team remains heavily invested.

Norwood Financial Corp. to Acquire UpState New York Bancorp, Inc.

January 9, 2020

Financial Services

Norwood Financial Corp., the holding company for Wayne Bank, signed a definitive agreement to acquire UpState New York Bancorp, Inc., the holding company for USNY Bank, in a stock-and-cash transaction valued at approximately $80 million. The deal expands Norwood’s footprint into Ontario, Otsego and Yates Counties, New York, creates a combined company with roughly $1.7 billion in assets and 31 offices, and is expected to be accretive to Norwood’s earnings in 2021.