28 WESTERN PALLET
MAY 2023
JUL-AUG 2023
for my employees, family, and customers.”
Benchmark reached out to 560 potential acquirers to facilitate the sale
Benchmark International ran an exhaustive process, reaching out to over 560 potential acquirers. EP Group quickly identified an experienced, highly-motivated, founder-focused potential acquirer that would fit well with Benchmark’s client. “The market response was very interesting here,” reflected Chirag Patel, the Benchmark International Senior Associate who oversaw the bidding process.
“We had a client who successfully navigated the pandemic and post-pandemic turbulence in the logistics markets to grow and strengthen his company. While many potential acquirers attempted to exploit the recency of the company’s resulting growth, the EP Group took the time to dig in and understand the permanency of those changes before taking a position,” he added.
EPG noted that Morgan Wood Products has built a reputation for providing top-notch products with dynamic and competitive pricing thanks to its extensive network of trusted partner sawmills. With this solid foundation, Morgan Wood Products sees great potential for further growth and views the partnership with EPG as a crucial opportunity to expand its horizons, utilizing EPG’s operational and capital resources.
Reflecting on his decision to join forces with EPG, Reinstetle expressed, “Our family culture and history is important to me and something I was looking for in a partner. The people at EPG reminded me a lot of our own team. I am looking forward to accelerating the growth of the company with the combination of skills and resources from both of our teams.”
"The people at EPG reminded me a lot of our own team."
- Luke Reinstetle
Terry Hurley, EPG’s President, and CEO shared his enthusiasm, stating, “We are pleased to add Morgan Wood to our portfolio of companies. Luke and his team have built a vibrant business that is ready to grow and expand, and we are excited to move into the future together.”
Under the Morgan Wood Products brand, the Company will continue to operate independently, while leveraging the support and synergies from its partnership with EPG.
acquirer, continuously adding to its portfolio of operating companies to create diversified revenue streams.
Williams Mullen served as EPG’s legal advisor for this transaction.
About Morgan Wood Products
Morgan Wood Products, a leader in the wood pallet industry, has been providing top-quality wood products and excellent customer service throughout the United States and Canada. Since its establishment in 2002, the company has remained family-owned and operated, boasting a management team with over 50 years of collective industry experience.
Dinsmore acted as the Company’s legal advisor for this transaction.