Hardwoods Distribution Inc. Acquires Novo Building Products from Blue Wolf Capital

Hardwoods Distribution (Rugby) Acquires Distribution Assets of Atlanta Hardwood Corporation

June 12, 2018

Building Products

Hardwoods Distribution Inc., via its U.S. subsidiary Rugby Holdings LLC, purchased certain distribution assets of Atlanta Hardwood Corporation for US$3.7 million. The acquired operations — including Hardwoods of Atlanta, Hardwoods of North Georgia and Hardwoods of Alabama — will be consolidated into Hardwoods’ existing Atlanta and Suwanee facilities and operate under HDI’s Rugby brand, adding about US$13 million of annual sales.

Northwest Hardwoods Acquires Post Hardwoods

August 21, 2023

Building Products

Northwest Hardwoods (NWH) has acquired Post Hardwoods, a Michigan-based hardwood supplier and sawmill founded in 1980 by brothers Bob and Junior Post. The deal adds Post Hardwoods' Glacial-species log sales, sawing capabilities and a 13,500-square-foot sawmill facility to NWH's supply chain, enhancing product variety and sourcing flexibility; terms were not disclosed.

Tenex Capital Management Acquires Wolf Home Products from Quad-C Management

September 16, 2019

Building Products

Tenex Capital Management has acquired Wolf Home Products from Quad-C Management. Wolf, headquartered in York, Pennsylvania, is a long-established provider and distributor of branded kitchen and bath cabinetry, vanities, accent tiles, outdoor living and specialty building products serving dealers and builders across North America. Financial terms were not disclosed; Fidus Partners served as financial advisor to Wolf.

Heartwood Partners Makes Growth Investment in Norlee Group; White Wolf Exits

November 5, 2024

Industrial Services

Heartwood Partners made a growth investment in Norlee Group, a Jacksonville, Florida-based provider of electrical, mechanical, technology, fire protection and engineering services, with White Wolf Capital exiting its prior investment. Heartwood is partnering with Norlee's management to accelerate organic growth and support add-on acquisitions; since the investment Norlee has completed three strategic acquisitions to expand capabilities and market presence in Florida. Transaction terms were not disclosed.

Heartwood Partners Invests in Royal Products

April 12, 2024

Manufacturing

Heartwood Partners made a growth investment in Royal Products, a Hauppauge, New York-based manufacturer and distributor of metalworking performance accessories, on April 12, 2024. Management will remain in place while Heartwood plans to support the company’s expansion through investments in people, processes and strategic add-on acquisitions; Lincoln International and Carl Marks Advisors served as financial advisors.

Building Products Inc. Acquires Heartland Millwork

January 17, 2025

Building Products

Building Products Inc. (BPI), a Watertown, South Dakota–based building materials distributor, has acquired Heartland Millwork, a custom millwork manufacturer in Larchwood, Iowa. The acquisition expands BPI’s custom millwork manufacturing capabilities and production capacity, enabling broader product offerings, operational efficiencies, and an expanded reach in its Midwest markets.