Meridian Capital Stays Sharp, Advises Burton Saw in its Sale to Pfingsten Partners

20 January 2015

Meridian Capital LLC (“Meridian”) is pleased to announce the successful sale of its client, Burton Saw and Supply (“Burton Saw” or the “Company”), to Pfingsten Partners, L.L.C. (“Pfingsten”). In connection with the transaction, Meridian served as exclusive M&A advisor to the shareholders of Burton Saw.

Headquartered in Eugene, OR, with six other locations strategically located near key lumber producing regions in North America, Burton Saw is a well-respected provider of consumable products and equipment including saws, saw tips, abrasives and replacement machine parts to saw mills’ filing rooms. The Company sells a broad product portfolio of 8,000 SKUs to over 1,200 unique customers.

Pfingsten is an operationally focused private equity firm formed in 1989. From its headquarters in Chicago, IL and representative offices in ChangAn, China and New Delhi, India, the firm builds better businesses through operational improvements, professional management practices, global capabilities and profitable business growth rather than financial engineering.

Brian Murphy, Managing Director at Meridian Capital commented on the transaction, “We are extremely pleased for the shareholders of Burton. It was an absolute pleasure to work with them throughout the process. The team developed a differentiated business model and special culture to grow into an industry leader. Through its partnership with Pfingsten, we believe Burton is exceptionally positioned for continued success.”

“Meridian was the perfect partner to help us pursue our ownership transition goals. The team quickly identified the drivers of our business and were able to effectively communicate what makes Burton unique. Meridian was our trusted advisor in every sense of the word and exceeded our expectations.” said Burton Saw CEO, Duncan McLean. “We are excited about what the future holds for the Company. Pfingsten’s operating capability and conservative capital structure will provide our Company with additional resources and capital to embark on our next phase of growth.”

“The Burton Saw team has built an outstanding business with a leading name in the wood products industry,” said Scott Finegan, Managing Director, Pfingsten. “The Company is well positioned to capitalize on an expected uptick in housing starts through its customer centric approach and high touch sales force that provides solutions to the saw mills that it serves.”

Pfingsten funded the acquisition on December 31, 2014, marking the sixteenth platform investment for Pfingsten’s $525 million Fund IV and the 100th acquisition in Pfingsten’s history.