U.S. Lumber Announces Strategic Growth Investment
ATLANTA — U.S. Lumber Group, a two step distributor of specialty building products in the Eastern U.S., announced in a press release that it has signed an agreement for a strategic growth investment from Madison Dearborn Partners (“MDP”), a 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.
“We are thrilled to be working with MDP. The resources and expertise they bring to our relationship will accelerate our opportunity for product and geographic growth. Coupling our combined resources with a shared set of values between our two organizations should enhance our supplier relationships and customer offerings while also advancing our growth plans,” U.S. Lumber President and CEO Jeff McLendon said.