NEW YORK, January 6, 2021– Proskauer, a leading international law firm, announced today that it represented the Watermill Group in its acquisition of a majority of the issued and outstanding capital stock of Weston Forest, a leading distributor and remanufacturer of softwood and hardwood lumber and specialty panel products that serves customers across North America.
The Weston Forest management team will remain invested in the company and involved in the day-to-day operations of the business. Walter Capital Partners, a private investment firm based in Canada, served as a co-invest partner to the Watermill Group in the transaction.
The Watermill Group is a strategy-driven private investment firm that focuses on middle market companies in the manufacturing, value-added distribution and business services sectors. In its over 40-year history, the Watermill Group has invested in more than 100 businesses across the United States, Canada, Mexico, the United Kingdom and Europe.
The Proskauer team was led by partners James C.H. Lee and Jae W. Park and included associates Brittany Perskin and Robert Chiu (M&A), partner Jinyoung Joo (Finance), partner Kate P. Napalkova ( Employee Benefits), partner Wai L. Choy (Intellectual Property), senior counsel Aliza R. Cinamon (Environmental), partner Christopher L. Pennington (Real Estate), partner Camille Higonnet ( Private Funds), and partner Jeremy Naylor (Tax).