The Watermill Group has bought lumber and panel products provider Weston Forest. Canadian investment firm Walter Capital Partners also invested alongside Watermill on the deal.

Canada-based Weston operates facilities across eastern Canada and the United States. “Weston Forest is an exceptional organization that has shown significant and sustained growth over the last decade,” says Watermill president and COO Julia Karol. “We are looking forward to partnering with Weston’s talented and deeply knowledgeable management team, providing the tools and financial support needed to accelerate growth.”

National Bank of Canada and TD Bank provided debt financing. Richter Advisory Group Inc. provided financial advice to Watermill and Proskauer is providing legal counsel. Weston received legal counsel from Torkin Manes and advisory services from Deloitte and EY.