Springfield Lumber Group (o/a Springfield Timber Mart) was acquired by Crows Construction

Springfield Lumber Group (o/a Springfield Timber Mart) was acquired by Crows Construction

Springfield Lumber Group  (o/a Springfield Timber Mart) was acquired by Crows Construction

Transaction Description

In business for over 50 years, this business has been a fixture in its community, specializing in retail sales of top quality lumber and hardware, providing design services plus value-added B2B services as a building components manufacturer supplying contractors and a dealer network. The business has a loyal repeat customer base already in its third generation. Staff is highly trained and have an average tenure of over 15 years. The sale of shares included all real estate, equipment and working capital of $950,000. Comprehensive training was provided by the owners to assure a smooth transition. The real estate, recently appraised at $1,275,000, includes well maintained structures and excellent heavy load surfaces on approximately three acres of land. The equipment includes all necessary rolling stock, both manual and automated CAD equipment, along with supporting software.

Transaction Details

Crows Construction

Springfield Lumber Group (o/a Springfield Timber Mart)

Springfield, Ontario

Beacon acted as advisors to Craik Lumber & Builders’ Supply Ltd as agent for the sale of the business.