Weston Forest has been acquired by the Watermill Group, a strategy-driven private investment firm. The Weston Forest executive team remains heavily invested in the company.
Weston Forest operates several facilities across eastern Canada and the United States, providing products and services that are essential to commercial and residential construction as well as the production and shipment of industrial goods.
For the investment, Watermill has included as a co-invest partner Walter Capital Partners, a private investment firm based in Canada. Debt for this transaction was provided by National Bank of Canada and TD Bank. Richter Advisory Group Inc. provided financial due diligence advice to Watermill and Proskauer provided legal counsel. Weston Forest received legal counsel from Torkin Manes and advisory services from Deloitte and EY.
Weston Forest is a leading distributor and remanufacturer of softwood & hardwood lumber and specialty panel products, serving North America’s industrial and construction sectors.
