Cedar Creek completes buyout in Springfield, Mo.
Oklahoma City-based Cedar Creek announced the completion of the buyout of its financial partners at their Springfield, Mo., location.
Cedar Creek will now own that location outright.
D.Wayne Trousdale, Cedar Creek’s chief operating officer, said: “We are pleased to finalize this transaction as we continue to look for ways to grow our footprint across the U.S.”
Cedar Creek is a leading wholesale building material distribution company with 14 locations covering 20 states in the Mid-South, Midwest and Southeast. 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.