Western Millwork, Inc. Has Been Acquired by JBI Interiors, LLC
HOUSTON, TEXAS (August 19, 2021) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce the acquisition of Western Millwork, Inc. (Phoenix, AZ) (“WMI” and/or “the Company”), by JBI Interiors, LLC (Long Beach, CA) (“JBI”). Statesman served as the exclusive sell-side financial advisor to WMI on the sale, which closed August 2, 2021.
Bill Roach, WMI President and one of the two co-owners, commented, “Our business is a perfect fit with JBI. Statesman did an outstanding job recognizing the uniqueness of our business, assisting us to position the Company accordingly, and identifying prospective acquirers well-matched to our value proposition. Statesman’s experience in executing a professional and structured process and assisting our team though every phase of the transaction exceeded all expectations.”
Scott Mallory, President of JBI said, “The combination of JBI and Western Millwork is more than a strategic transaction. It is a commitment to all of our customers, suppliers and employees that we will continue to position our organization as the market leader for the benefit of all stakeholders.”
About the other transaction participants
Statesman Corporate Finance, LLC (Houston & Austin, TX) is the FINRA-licensed broker dealer affiliate of Statesman Business Advisors, LLC. With offices in Houston and Austin, Texas, Statesman is a leading middle-market investment banking firm providing merger and acquisition, capital formation, valuation, and other general corporate financial advisory services to middle-market companies. The team advising on this engagement was led by Walter Tomlinson, Principal, and included Gary Canon, Director, Jessica Seff, Vice President, and Nathan Hurst, Associate.
Porter and Hedges, LLP (Houston, TX) provided legal counsel to Western Millwork led by Kevin J. Poli, Partner and Erich C. Schoeffler, Associate.
Lindeman, Esq (Solana Beach, CA) provided legal counsel to JBI led by founder Curt M. Lindeman.
Oberon Securities, LLC (New York, NY) provided financial advisory to JBI led by Harry Chevan, Managing Director.