June, 2024. Peakstone served as exclusive M&A advisor to Timber Technologies LLC (“Timber Technologies” or the “Company”) in connection with its sale to Star Equity Holdings, Inc. (NASDAQ: STRR) (“Star Equity”), a publicly traded company. (Press release found here).

Timber Technologies, based in Colfax, Wisconsin, is a leading engineered wood products manufacturer specializing in glue-laminated products for post frame buildings. The Company provides timber products for the agriculture, industrial, infrastructure, and building construction (commercial and residential) industries.

Star Equity is a diversified holding company currently composed of two divisions: Building Solutions and Investments.  The Building Solutions division operates in three businesses including building manufacturing, structural wall panel and wood foundation manufacturing, and glue-laminated timber manufacturing.  Timber Technologies will add to Star Equity’s growth initiatives.

Timber Technologies co-owner, Dale Schiferl said, “A close friend of mine who had previous interactions with Peakstone on other deals, thought Peakstone would be a good fit to help sell our business. Peakstone was essential to completing this transaction. They executed on a well thought out strategy to sell Timber Technologies, provided great advice throughout, and guided the transaction to closing efficiently and smoothly.”

 

Terms of the transaction were not disclosed.

For additional information please contact:

Steve Royko, Managing Director, 608-770-1009, sroyko@peakstone.com

Michael Dobin, Analyst, 847-609-9492, mdobin@peakstone.com

About Peakstone

Peakstone is a leading investment bank that specializes in mergers and acquisitions, advisory, and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com. To receive investment and proprietary acquisition opportunities, please register at www.peakzone.com.