J.T. Shannon Lumber Company has sold its Superior Hardwoods division to Baillie Lumber Company


Transaction Type:

Special Situations

J.T. Shannon Lumber Company – The owners of this leading manufacturer of precision-cut hardwood lumber, with revenue of approximately $85 million, wished to consider a sale of one or more of three divisions (Superior Hardwoods, Shannon Lumber, Shamrock Flooring) and/or a refinancing of the whole company or any retained divisions.

SC&H Capital received confidentiality agreements from more than 50 interested buyers and more than a dozen lenders. SC&H and management identified 25 groups to focus on and provided them more detailed information and the opportunity to visit the facilities. From that group, SC&H quickly generated three purchase offers and three refinancing term sheets. With a very attractive offer on the profitable Superior Hardwoods division, management decided to sell that sawmill and concentration yard to Baillie, retire debt, keep the other two divisions, and refinanced the small remaining debt with Triumph Bank.

Transaction Leaders

Ken Mann

Managing Director