Atlantic Wood Industries, Inc. Has Sold Certain Assets to Cox Industries, Inc.
HOUSTON, August 6, 2012 - GulfStar Group ("GulfStar") is pleased to announce the sale of certain assets of Atlantic Wood Industries, Inc. ("AWI" or the "Company") to Cox Industries, Inc. ("Cox"). Assets sold included the wood treating plants and related operations in Vidalia, GA, Sylvania, GA and Newsoms, VA. GulfStar served as exclusive financial advisor to AWI throughout the transaction, which closed on July 23, 2012.
Headquartered in Savannah, GA, AWI is a leading manufacturer of high quality treated wood products, including utility poles, bridge timbers, foundation and marine pilings, and structural lumber. The Company offers preserved wood poles and pilings for the utility and heavy construction markets primarily to customers located in the Eastern United States, the Caribbean, and Central South America.
Cox is a leading manufacturer and distributor of treated outdoor wood products for the residential, commercial, industrial, and utility markets. Headquartered in Orangeburg, SC, Cox is a family-owned and operated company and produces a variety of quality wood products from decks, fences and framing to utility poles, docks, retaining walls, and other specialty items. Cox operates 14 manufacturing facilities and 5 distribution yards and employs more than 400 people in 10 states.
The GulfStar team included Managing Director Kent Kahle, Vice President Brian Lobo, Associate James Berry and Analyst Kristie Ganss.
GulfStar is a leading middle market investment and merchant bank headquartered in Houston. GulfStar specializes in providing merger and acquisition advisory services, institutional private placements of equity and debt, and restructuring, turnaround and general corporate finance advisory services to companies with revenues or enterprise values generally ranging from $25 million to $350 million. Since its formation in 1990, GulfStar has completed over 550 transactions in more than 30 states and seven foreign countries across a variety of industries. Through its merchant banking affiliate, the firm also makes equity and subordinated debt co-investments.
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