One Equity Partners, a middle market private equity firm, has acquired a majority interest in Rosboro from WynnChurch Capital.
Rosboro is a manufacturer of glued laminated timber, an engineered wood product for building and construction, and a suite of lumber products. The firm operates captive sawmills and glulam production facilities. Rosboro delivers its products through a network of wholesale distributors and dealers throughout the United States.
“Rosboro is an excellent business making high-quality differentiated engineered wood products at scale,” said Matthew Hughes, managing director at OEP. “Rosboro is poised to benefit from a number of growth drivers including single-family residential housing starts, net migration to the U.S. West, increasing residential repair and remodel, and glulam’s increasing share against structural wood alternatives and other engineered wood products”
“We are very excited for OEP to come on board as our partner,” added Rich Babcock, CEO of Rosboro. “Their experience building industrial businesses like ours, as well as their strong relationships within the timber sector makes OEP an ideal partner as we pursue our next stage of growth.”