Deal Details

USNR Sale to OEP

Industrial

USNR, a portfolio company of Endeavour, acquisition by OEP

Summary

USNR, LLC (“USNR” or the “Company”), a portfolio company of Endeavour Capital, LLC (“Endeavour”), has been acquired by One Equity Partners, LLC (“OEP”). Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to USNR, LLC on this transaction.

About

USNR provides comprehensive automation and technology system integration for mills—from log yards all the way through finishing equipment. The Company boasts the largest global installed base of wood processing equipment, serving more than 1,800 customers operating 2,500 mill sites in 56 countries around the world. USNR operates four large manufacturing plants in the United States, Canada, and Sweden, in addition to more than a dozen regional engineering, service, and sales offices in North America and across Europe. USNR is best known around the world for providing end-to-end solutions for sawmills and planer mills, including log lines, curve sawing gangs, edger lines, trim-sort-stack systems, dry kilns, and the optimization and control technologies that maximize the output and performance of that equipment. The Company is also known around the world for its products used in the manufacture of plywood and other panel products. USNR is headquartered in Woodland, Washington.

Endeavour Capital was founded in 1991 to be a patient source of capital and long-term partner to leading private businesses and management teams. Today, Endeavour Capital is investing its eighth fund and has offices in Portland, Seattle, Los Angeles, and Denver. With a particular focus within the industrial markets, Endeavour has partnered with businesses across the aerospace & defense, industrial technology, machinery & equipment, niche manufacturing, packaging, and wood products segments.

OEP is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. OEP builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, OEP has completed more than 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. OEP has offices in New York, Chicago, Frankfurt, and Amsterdam.

Industrial

USNR, a portfolio company of Endeavour, acquisition by OEP