Blue Wolf Capital Partners LLC, a New York-based private equity firm, announced its investment in Vicksburg Forest Products LLC, a manufacturer of southern yellow pine lumber products that operates a sawmill facility in Vicksburg, Mississippi.
VFP’s owner and manager Billy Van Devender and the current management team will continue to lead the business going forward. As a result of the investment, Charlie Miller and James Shovlin of Blue Wolf will join the company’s board of directors.
“As active investors in the U.S. South forest products sector for over a decade, we recognized VFP as a best-in-class facility with high-quality equipment and infrastructure already in place, making it an ideal candidate for expansion. Located in one of the most robust wood baskets in the U.S. South, the mill is well-positioned for growth with convenient access to both an abundant supply of raw materials and major throughfares to access its customers,” said Charlie Miller, partner at Blue Wolf Capital.
Raymond James Ltd. acted as financial advisor to VFP in connection with the transaction.