Villaume_USLBM

Villaume_USLBM

Villaume Industries

Cherry Tree Advises Villaume Industries on their Sale to US LBM

“The Cherry Tree team led a disciplined and competitive process and provided the advice and counsel we needed both leading up to the sale process and during the sale process.  Their professional guidance, sound and respectful counsel and calming tone were instrumental in us completing a successful transaction.  The result was a great outcome for our family, employees and customers.”

– J Nicholas Linsmayer, President and fourth generation Owner, Villaume Industries, Inc.

INDUSTRY:
Industrial – Building Products
DESCRIPTION:
Designer and Manufacturer of Precision Wood Products
LOCATION:
Saint Paul, Minnesota
TRANSACTION TYPE:
100% Sale to Strategic Buyer

Transaction

US LBM, a leading distributor of specialty building materials in the United States, has acquired Villaume Industries, a manufacturer of wood trusses for new residential and commercial construction and of custom wood crating, boxes and pallets in Minnesota. 

Based just outside of Saint Paul in Eagan, Minnesota, Villaume is a leading designer and manufacturer of precision wood products. The company, founded in 1882, provides floor and roof trusses for national, regional and local homebuilders in the Twin Cities metropolitan area and across Minnesota. Additionally, Villaume engineers and manufactures custom wood packaging of pallets, crates and cores for manufacturing companies.

With the addition of Villaume, US LBM now operates 21 locations in Minnesota through its network of divisions in the state, which include Lampert Lumber, NexGen and Lyman Companies; Villaume will operate as a unit of Lyman.

“Villaume has a reputation for both excellence and partnership, and we’re pleased to have them join the US LBM team,” said US LBM President and CEO L.T. Gibson. “Villaume’s capabilities and footprint complement Lyman and its addition to our portfolio enhances our already strong position in the growing Twin Cities market and beyond.”

Cherry Tree’s Role

Cherry Tree was engaged by Villaume Industries to advise the company on its strategic alternatives related to the sale of the company. Cherry Tree led the process that included introductions and discussions with numerous potential acquirers and financial partners, soliciting proposals, negotiating terms, supporting the due diligence process, and facilitating the closing of the transaction.

“The Cherry Tree team led a disciplined and competitive process and provided the advice and counsel we needed both leading up to the sale process and during the sale process.  Their professional guidance, sound and respectful counsel and calming tone were instrumental in us completing a successful transaction.  The result was a great outcome for our family, employees and customers.” – – J Nicholas Linsmayer, President and fourth generation Owner, Villaume Industries, Inc.

About Villaume Industries, Inc.

Based just outside of Saint Paul in Eagan, Minnesota, Villaume is a leading designer and manufacturer of precision wood products. The company, founded in 1882, provides floor and roof trusses for national, regional and local homebuilders in the Twin Cities metropolitan area and across Minnesota. Additionally, Villaume engineers and manufactures custom wood packaging of pallets, crates and cores for manufacturing companies.

About US LBM

US LBM is a leading distributor of specialty building materials in the United States. Offering a comprehensive portfolio of specialty products, including windows, doors, millwork, wallboard, roofing, siding, engineered components and cabinetry, US LBM combines the scale and operational advantages of a national platform with a local go-to-market strategy through its national network of locations across the country. For more information, please visit www.uslbm.com.

About Cherry Tree & Associates

Cherry Tree & Associates is a private investment banking firm headquartered in Minneapolis, Minnesota.  Founded in 1980, it specializes in M&A transactions for both buyers and sellers of middle market companies.  Additionally, it conducts private placements for high quality, entrepreneurially managed growth companies, provides strategic advisory services for CEOs and boards of directors, and prepares fairness opinions and other valuation services.

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.

DISCLOSURES
FINRA
SIPC

Swanson Flo_MCE

Swanson Flo_MCE

Swanson Flo

Cherry Tree Advises Swanson Flo on its Sale to Motion & Control Enterprises

“The Cherry Tree team provided the advice and counsel we needed prior to the execution of the Letter of Intent and during the process to close the transaction. Cherry Tree’s experience in managing and driving the process through closing, and being involved in all of the details throughout the process, were keys to our successful transaction. The result was a great outcome for our family, employees and customers.”

— Tom Howe, CEO and Owner, Swanson Flo

INDUSTRY:
Industrial – Value-added Distribution
DESCRIPTION:
Distributor of Process Instrumentation, Flow Control Values, and Related Equipment
LOCATION:
Minneapolis, Minnesota
TRANSACTION TYPE:
Sale to Strategic Buyer

Transaction

With its second acquisition in the last month, Motion & Control Enterprises (“MCE”) announced on Feb. 4th that it has acquired Swanson Flo, Co. (“Swanson Flo”), a regional distributor of process instrumentation, flow control valves, actuators, and related equipment. Swanson Flo also provides critical value-added services including actuated valve assemblies, field services and shop repairs.

Based in Plymouth, MN, Swanson Flo employs 92 associates, servicing industrial and municipal markets in 13 states in the upper Midwest and beyond. The company has 4 warehouse locations in Plymouth, MN; Milwaukee, WI; Chicago, IL and Indianapolis, IN. As a division of MCE, Swanson Flo will continue to operate under the Swanson Flo name with the same leadership team, employees, and suppliers.

“The addition of Swanson Flo extends our highly-engineered, technical solutions by providing leading flow control products and services”, said Charles Hale, Chairman & CEO of MCE. “Swanson Flo brings longstanding customer relationships and supplier partnerships, plus a highly regarded team of flow control experts. We welcome the Swanson Flo team to MCE and are looking forward to accelerated growth and continuing to bring innovative solutions to our customers.”

“The Swanson Flo team is excited to join with MCE”, said Tom Howe, CEO, and majority owner of Swanson Flo. “Our teams share a similar philosophy of providing the customer with a wide range of technical products, services and solutions. Together, we will be even better positioned to meet the ever-increasing needs of our customers and principals. With Swanson Flo’s leadership, locations and team members remaining intact, we look forward to a seamless transition.”

Cherry Tree’s Role:

Cherry Tree was engaged by Swanson Flo to advise the company on its strategic alternatives related to the sale of the company. Cherry Tree led the process of negotiating and finalizing the Letter of Intent, negotiating terms of the purchase agreement, supporting the due diligence process, and facilitating the closing of the transaction.

“The Cherry Tree team provided the advice and counsel we needed prior to the execution of the Letter of Intent and during the process to close the transaction. Cherry Tree’s experience in managing and driving the process through closing, and being involved in all of the details throughout the process, were keys to our successful transaction. The result was a great outcome for our family, employees and customers.” — Tom Howe, CEO and Owner, Swanson Flo

About Swanson Flo

Founded in 1960, Swanson Flo provides innovative process and flow control solutions through quality equipment, experienced application expertise and a full suite of lifecycle services. For more information, please visit www.swansonflo.com.

About Motion & Control Enterprises

Founded in 1951, MCE is a leading supplier of technical fluid power and lubrication solutions that solve customer problems across fluid connector, hydraulic, pneumatic, filtration, compressed air and lubrication technologies. The company services more than 15,000 MRO and OEM customers from 9 distribution centers and 16 retail locations across PA, MI, IN, IL, OH and WI. For more information, please visit www.mceautomation.com.

MCE is majority owned by Frontenac, a Chicago-based private equity firm that invests in middle market buyout transactions in the consumer, industrial and services markets. For more information, please visit www.frontenac.com.

About Cherry Tree & Associates

Cherry Tree & Associates is a private investment banking firm headquartered in Minneapolis, Minnesota.  Founded in 1980, it specializes in M&A transactions for both buyers and sellers of middle market companies.  Additionally, it conducts private placements for high quality, entrepreneurially managed growth companies, provides strategic advisory services for CEOs and boards of directors, and prepares fairness opinions and other valuation services.

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.

DISCLOSURES
FINRA
SIPC

Cherry Tree Advises Victory Fireworks on its Sale to Winco Fireworks

Cherry Tree Advises Victory Fireworks on its Sale to Winco Fireworks

Victory Fireworks

Cherry Tree Advises Victory Fireworks on their Sale to Winco Fireworks

“Selling ‘our first born’ was not an easy decision. Once we made that decision the real work began, not only to find a firm to represent us but for them to recognize the value in our company. After 18 months, we found the firm and more importantly, the right team to make the sale. We knew all the potential buyers prior to engaging Cherry Tree. We partnered with Cherry Tree to create a competitive situation amongst a small group of potential buyers and to run a disciplined process while managing all the moving pieces of the transaction. Cherry Tree’s experience and involvement in every aspect of the process, were key to us completing a transaction that had a great outcome for our family, employees, and customers. Cherry Tree and our engagement team are highly recommended.” 

Wayne and Jackie Schulte, Owners, Victory Fireworks

 

 

INDUSTRIES:
Consumer
DESCRIPTION:  
Wholesaler and Retailer of Consumer Fireworks
LOCATION: 
Ellsworth, WI
TRANSACTION TYPE:
100% Sale to Strategic Buyer

Transaction:

Winco Fireworks has announced that it has acquired the Victory Fireworks business from Wayne and Jackie Schulte. Victory Fireworks, founded in 1985, is a wholesaler and retailer of consumer fireworks, including some of the top items from the major brands, while also being the exclusive importer of their proprietary brand of Pyro King fireworks. Victory is headquartered in Ellsworth, Wisconsin and has grown to include 18 retail stores and 8 warehouses. Winco Fireworks has acquired the wholesale and retail business, including the related real estate, facilities and inventory in both Wisconsin and Washington. The Schultes will continue to own and operate the Victory Fireworks retail stores in Danbury and Siren, Wisconsin.

Winco Fireworks is an industry leading wholesaler and retailer of consumer fireworks. Winco has built a brand over the past 40 years based on quality products and customer loyalty. Prior to the transaction with Victory, Winco and its affiliates operate seven distribution centers and 33 brick and mortar retail stores, in 18 states. Winco Fireworks employs approximately 225 full time employees and over 2000 seasonal employees. Its corporate office is in Grandview, MO.

About Cherry Tree & Associates

Cherry Tree & Associates is a private investment banking firm headquartered in Minneapolis, Minnesota. Founded in 1980, it specializes in M&A transactions for both buyers and sellers of middle market companies. Additionally, it conducts private placements for high quality, entrepreneurially managed growth companies, provides strategic advisory services to CEOs and boards of directors, and prepares fairness opinions and other valuation services. For more information, visit Cherry Tree & Associates.

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.

DISCLOSURES
FINRA
SIPC

Cutting Edge

Cutting Edge

Cherry Tree Advises Cutting Edge Property Maintenance on its acquisition of A-SCAPE

About Cutting Edge Property Maintenance
Founded in 2005, Cutting Edge Property Maintenance has quickly grown into one of the Twin Cities leading commercial outdoor maintenance service providers. Cutting Edge is a Women Owned Business that is WBENC certified. www.cuttingedgepm.com

About A-Scape
A-Scape is a provider of snow and lawn care services in the Twin Cities.

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.

DISCLOSURES
FINRA
SIPC

Advance Equipment Company

Advance Equipment Company

Advance Equipment Company

Cherry Tree advises Advance Equipment Company in its sale to the Morwest Group of Companies.

INDUSTRY:
Industrial, Equipment Rental & Leasing
DESCRIPTION:
Tower Crane and Hoist Rentals
LOCATION:
Saint Paul, MN
TRANSACTION TYPE:
100% Sale to Strategic Buyer

Situation:

Morwest Group of Companies strengthened its industry leading portfolio through the acquisition of Advance Equipment Company. Effective April 30, 2020 Advance Triwest Equipment, Ltd., a subsidiary of the Morwest Group of Companies acquired Advance Equipment Company. MORWEST Crane & Services was founded in 1988 by President and CEO Wayne Morin providing trusted crane services for over 30 years to the US and Canada.
 
Advance Equipment Company has been a leader in the tower crane, construction hoist and concrete pump business since 1969 serving the Midwest in the United States. The integration of Morwest Group and Advance Equipment Company combines two quality and customer focused family owned businesses serving the construction industry. Both companies have earned the trust of their customers through proven results, consistently delivering safe, cost effective and efficient service for over three decades. “The acquisition of Advance Equipment Company expands our equipment portfolio and service area allowing us to bring our industry leading solutions to more customers across North America” – Wayne Morin, President and CEO Morwest Group of Companies.
 

About Morwest Group of Companies

Morwest Group of Companies is the leader in the crane industry with over 30 years of proven results for their clients. They have and continue to be the most trusted crane services source throughout Canada and the USA. Morwest services clients in the Provinces of Alberta, Saskatchewan, Manitoba, British Columbia and the States of California, Iowa, Minnesota, Nebraska, North Dakota, Oregon, South Dakota, Washington and Wisconsin.
 

About Advance Equipment Company

Advance Equipment Company is a crane, hoist and concrete pump rental sales and service company based in Saint Paul, Minnesota. Advance has been serving the construction industry since 1969 and brings a 5-decade legacy of supporting the Midwest States of Iowa, Minnesota, Nebraska, North Dakota, South Dakota and Washington.
 

About Cherry Tree & Associates

Cherry Tree & Associates is a private investment banking firm headquartered in Minneapolis, Minnesota. Founded in 1980, it specializes in M&A transactions for both buyers and sellers of middle market companies. Additionally, it conducts private placements for attractive, entrepreneurially managed growth companies, provides strategic advisory services to CEOs and boards of directors, and prepares fairness opinions and other valuation services.

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.

DISCLOSURES
FINRA
SIPC