Cedar Creek makes Texas acquisition
Oklahoma City-based distributor Cedar Creek has entered into an agreement to purchase the assets of Capital Lumber’s distribution locations in Dallas and Houston.
In a deal expected to close Nov. 30, Capital Lumber will continue to operate eight other non-Texas distribution centers and focus on the western United States.
“This move helps us enhance our position in a state that we have served for years,” said Clark Wiens, Cedar Creek’s VP acquisitions. “Our customer base in Texas will benefit from this consolidation, as we broaden our product assortment and continue our consistent service in this key Cedar Creek market.”
Cedar Creek is a leading wholesale building material distribution company with 13 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.