Cyprium Partners said Monday it made a preferred equity and subordinated debt investment in Weaber Inc. Cyprium’s minority investment supports the acquisition of Weaber by its President and CEO Matthew Weaber. Financial terms weren’t announced. Lebanon, Pennsylvania-based Weaber provides finished hardwood lumber products.
CLEVELAND, OHIO (PRWEB) JULY 27, 2015
Cyprium Partners, a non-control private equity firm, is pleased to announce a preferred equity and subordinated debt investment in Weaber, Inc. The capital was used to facilitate the acquisition of the company by third generation President and CEO, Matthew G. Weaber. This investment was Cyprium’s sixth transaction from its Cyprium Investors IV fund, which closed in December 2014.
Founded in 1941 and headquartered in Lebanon, PA, Weaber, Inc. is a market leader in a wide range of finished hardwood lumber products, including surfaced four sides (“S4S”) boards, flooring, mouldings, stair parts, and factory primed and painted finger-jointed products from Oak, Poplar and other hardwood species (see http://www.weaberlumber.com). Weaber serves a diverse customer base across the U.S., which includes pro-contractor yards, flooring distributors, building products wholesalers, and leading home improvement centers.
“Cyprium is excited about the opportunity to support Matt’s acquisition of Weaber and to provide the capital to continue its strong growth trajectory,” said Leland Lewis, a Managing Partner at Cyprium. “Matt, his father Galen, and the management team at Weaber have created a unique vertically-integrated business model that we believe delivers customers the best product, service, and value in the industry. We look forward to supporting Matt and the employees of Weaber in their continued customer-focused growth objectives.”
About Cyprium Partners
Cyprium Partners is a private equity firm focused on non-control (minority ownership) investments. Cyprium utilizes a combination of subordinated debt, preferred stock, and/or common stock to enable privately-held businesses, entrepreneurs, and management teams to achieve their financial and strategic objectives. With offices in Cleveland, New York, and Chicago, the firm invests $10 million to $60 million per transaction in U.S. and Canadian companies with $10 million or more of EBITDA. Learn more about Cyprium Partners athttp://www.cyprium.com.