Baillie Lumber has acquired American Hardwood Industries from private equity firm HIG Capital LLC.
American Hardwood, headquartered in Waynesboro, Va., manufactures and supplies hardwood lumber under the Augusta, Blue Triangle and Graham Lumber brands, and hardwood flooring under the Montebello Flooring brand.
Baillie Lumber is a Hamburg, N.Y.-based hardwood lumber supplier.
HIG invested in American Hardwood, then known as Augusta Lumber, in 2006. The Miami-based firm has more than $15 billion in capital under management. HIG invests in a variety of industries, including health care, infrastructure, food and beverage and media. In January, the firm sold MagnaCare, a health plan services company, to a consortium led by an affiliate of Goldman Sachs Group Inc. (NYSE: GS). Also in January, the firm agreed to take American Pacific Corp. private.