A unit of the New York-based investment banker Brooks, Houghton & Co. has acquired all outstanding shares of Chase Lumber Co. of Aurora, Colo., Chase announced Tuesday, April 8. "The transaction puts in place the financial support necessary to sustain the company in the current market and will enable the company to expand rapdly as economic conditions improve," the dealer said in a statement, released to the press Wednesday, April 9.
According to Chase's Web site, the company provides building materials, trusses, doors and trim to customers in Colorado and Arizona. It is 63 years old and operates from one location in the Denver suburbs. "Chase Lumber expects to grow through a series of acquisitions and through its own organic expansion," the statement said.
The shares are being purchased by Chase Acquisition LLC, a special purpose company formed by Brooks Houghton's BHC Interim Funding II L..P.