Pfingsten Partners has acquired Burton Saw and Supply, a manufacturer and distributor of products and equipment used by saw mills and wood product manufacturers.
Burton Saw and Supply manufactures and distributes consumable products and equipment including saws, saw tips, abrasives and replacement machine parts. The company’s product portfolio includes approximately 8,000 SKUs. Burton Saw was founded in 1903 in Vancouver, BC by Mr. A.J. Burton. Today, the company is headquartered in Eugene, OR and has six other locations near key lumber producing areas (www.burtonsaw.com).
“The Burton Saw team has built an outstanding business with a leading name in the wood products industry,” said Scott Finegan, a Managing Director at Pfingsten. “The company is well positioned to capitalize on an expected uptick in housing starts through its customer centric approach and high touch sales force that provides solutions to the saw mills that it serves.”
Pfingsten Partners invests in middle market manufacturing, distribution and business services companies. Since its founding in 1991, Pfingsten has raised four investment funds with total commitments of approximately $1.0 billion. The firm is based in Chicago with additional offices in India and China (www.pfingsten.com).
“We are excited about what the future holds for the company,” said Burton Saw CEO, Duncan McLean. “Pfingsten’s operating capability and conservative capital structure will provide our company with additional resources and capital to embark on our next phase of growth.”
The acquisition of Burton Saw closed on December 31, 2014 and was the sixteenth platform investment for Pfingsten’s $525 million Fund IV and the 100th acquisition in the firm’s history.
© 2015 PEPD • Private Equity’s Leading News Magazine • 1-14-15