A little over a week after announcing it had been acquired by a Boston-based private equity firm, Cedar Creek said it has purchased Alamo Forest Products wholesale distribution locations in San, Antonio, Houston, and Harlingen, Texas.
The transaction is structured as an asset purchase. No other details concerning the deal were revealed.
"We view this as a great opportunity to increase our presence in Texas and enhance our reputation for premier service," said Clark Wiens, vice president of business development for Cedar Creek, who led the acquisition effort.
Bill Adams, CEO of Cedar Creek, added, "This acquisition underscores our commitment to growing the footprint of Cedar Creek to better serve our existing customers and open new markets."
"We have known Cedar Creek for years," said Alamo's George Vaughan. "We believe that our distribution company is a great fit for them, and that our customers and employees will be well-served by this change."
With headquarters in Tulsa, Okla., building materials distributor Cedar Creek was recapitalized by Charlesbank Capital Partners in May, with the goal of providing capital to grow the company beyond its current trade areas, the two companies said.
