US Lumber Group, based in the Eastern part of the United States (US), and a two-step distributor of specialty building merchandise, disclosed that it has signed a deal with Madison Dearborn Partners (MDP), a Chicago-based private equity firm, for a strategic growth investment. US Lumber’s extant management team will work closely with MDP to implement a strategy developed to pursue growth in product offerings as well as in geographical expansion.
“We are thrilled to be working with MDP. The resources and expertise they bring to our relationship will accelerate out opportunity for product and geographic growth. Coupling our combined resources with a shared set of values between our two organisations should enhance our supplier relationships and customer offerings while also advancing our growth plans.” CEO and President of US Lumber, Jeff McLendon, said.