Blue Wolf Cash Announces Expenditure in Vicksburg Forest Products

NEW YORK–(Small business WIRE)–These days, Blue Wolf Money Partners LLC (“Blue Wolf”), a New York-dependent private equity firm, introduced its investment in Vicksburg Forest Items, LLC (“VFP” or “the Company”), a company of Southern Yellow Pine lumber merchandise that operates a sawmill facility in Vicksburg, Mississippi. Terms of the transaction have been not disclosed.

VFP’s sawmill makes a numerous combine of dimensional and specialty lumber solutions. In 2018, the family-owned and operated firm underwent a large-scale transformation to transform from a hardwood mill to a softwood mill.

Creating upon this changeover, VFP just lately announced the planned growth of its functions, which involves a new higher-velocity chip-n-saw line, two new constant dry kilns and a variety of other infrastructure initiatives. Blue Wolf’s financial investment will guidance the Business in this enlargement that aims to a lot more than double lumber output potential to about 180 million board toes every year and include somewhere around 60 new careers. In addition to Blue Wolf’s financial commitment, the Organization has received federal, condition and community grants and incentives to assist this expansion. The challenge is below building with completion anticipated in the summer months of 2021.

VFP’s Proprietor and Supervisor Billy Van Devender and the recent administration group will proceed to direct the business likely ahead. As a final result of the investment, Charlie Miller and James Shovlin of Blue Wolf will be part of the Company’s Board of Directors.

“As energetic investors in the U.S. South forest goods sector for around a ten years, we acknowledged VFP as a best-in-class facility with high-top quality devices and infrastructure now in position, building it an best prospect for expansion. Positioned in a person of the most strong wood baskets in the U.S. South, the mill is perfectly-positioned for expansion with easy entry to equally an ample provide of uncooked components and big throughfares to obtain its consumers,” mentioned Charlie Miller, Spouse at Blue Wolf Cash. “We are psyched to aid Billy and VFP’s highly-regarded administration workforce in expanding functions and driving extended-term advancement for the enterprise.”

“Provided our keep track of file investing in sawmills in rural communities across the U.S. South and our current working experience restarting a mill in the area, the chance to lover with Billy and his team on this enlargement built VFP an excellent investment decision for Blue Wolf,” extra Adam Blumenthal, Taking care of Companion of Blue Wolf Funds. “We look ahead to partnering with the VFP crew in improving functions and governance to best meet up with the needs of their expanding buyer base in this robust industry.”

“As we embark on this upcoming phase of expansion, we are thrilled to spouse with Blue Wolf, a company that has a deep monitor record and community across the forest products sector. Blue Wolf’s knowledge doing the job hand-in-hand with neighborhood governments and communities like ours put together with their comprehending of our buyers and prolonged-time period vision make them a terrific partner for us,” mentioned Billy Van Devender, Owner and Manager of VFP. “With this partnership in position, we keep on being focused on expanding our small business to become 1 of the most assorted mills in the Southeast to ideal assistance our buyers.”

Raymond James Ltd. acted as money advisor to VFP in connection with the transaction.

About Vicksburg Forest Merchandise, LLC

Vicksburg Forest Products and solutions, LLC is headquartered in Jackson, Mississippi and presents prospects a broad variety of dimensional and specialty lumber items via its sawmill operations situated in Vicksburg, Mississippi. The Company’s facility underwent a massive-scale transformation in 2018 and VFP is now embarking on its future period of advancement, with important upgrades all through the mill that will expand generation capacity to 180 million board feet by the summer months of 2021. Family members-owned and operated, VFP is focused to its staff who are passionate about offering unmatched, higher-quality lumber from a globe-course production facility.

About Blue Wolf Money Partners

Blue Wolf Money Companions LLC is a personal equity agency that specializes in management investments in center market place organizations. Top by expertise, and with a commitment to excellence, Blue Wolf transforms companies strategically, operationally and collaboratively. Blue Wolf manages challenging circumstances and advanced interactions in between small business, consumers, personnel, unions, and regulators to construct benefit for stakeholders. For further information and facts, be sure to check out www.bluewolfcapital.com.