Cedar Creek acquires Reid and Wright
Cedar Creek has made a deal to acquire Reid and Wright, a lumber and building material distributor based in Bend, Ore., with a distribution center in Broomfield, Colo.
According to Cedar Creek CEO Bill Adams, “This is a key addition for Cedar Creek as it brings new customers, quality people and great products that we’ll merge into our current Denver location.”
The agreement is expected to be completed by March 31, 2014.
Cedar Creek COO D. Wayne Trousdale further commented: “We are pleased to further expand our presence in Colorado’s vibrant Front Range market and the surrounding region.”
Cedar Creek is a wholesale building material distribution company with 16 locations covering 25 states.
In May 2010, Cedar Creek was recapitalized by Boston-based Charlesbank Capital Partners, with the goal of providing flexible capital for the company to grow beyond its current trade areas.