Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Its North America operations include 20 facilities that … attorney leads with email and phone numbers, Backed by Littlejohn and CITIC Capital Partners, Northwest Hardwoods Filed for Bankruptcy. at northwest hardwoods our mission is to reliably and profitably deliver the highest quality hardwood lumber and complementary products in the industry. No affiliation or endorsement, express or implied, is provided by their use. Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. We work with you to choose the best product for your needs. Northwest Hardwoods had debt of US$ 270 million. Northwest Hardwoods Inc. was acquired from American Industrial Partners by investment firm Littlejohn & Co., in a deal announced July 18. Joined American Industrial Partners in 2019. This copy is for your personal, non-commercial use only. Northwest … Copyright 2020 Dow Jones & Company, Inc. All Rights Reserved. littlejohn.so-preview.com/portfolio_items/northwest-hardwoods Northwest Hardwoods … Northwest Hardwoods Inc., owned by private-equity firm Littlejohn & Co., on Friday said it reached an agreement on a financial restructuring that will reduce its debt by about $270 million. Northwest Hardwoods, Inc., a Tacoma, Wash.-based privately held lumber manufacturer with 20 production facilities in the western, glacial, and Appalachian regions of the United States, filed for … TACOMA, Wash., Dec. 7, 2018 /PRNewswire/ -- Northwest Hardwoods Inc. (NWH) has named Nathan Jeppson as Chief Executive Officer and Chairman effective January 7, 2019, and will … Investment firm Littlejohn & Co., LLC, purchased Northwest Hardwoods Inc. from American Industrial Partners for an undisclosed amount of money in a deal announced July 18. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Northwest Hardwoods laid off more than 40 employees at its Longview mill in the wake of the company’s struggle to secure a steady supply of raw materials. Sales: Domestic 55% / Export … On November 23, 2020, Northwest Hardwoods, Inc. and certain of its affiliates moved forward its restructuring support agreement by filing voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. Lumber producer Northwest Hardwoods Inc. told a Delaware judge Tuesday it plans a speedy trip through Chapter 11 and aims to emerge from bankruptcy early next year with roughly $270 … To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. SWFI is a minority-owned organization. Tacoma, Washington, Northwest Hardwoods Inc, a hardwood lumber maker and distributor, has filed for Chapter 11 bankruptcy. Northwest Hardwoods … Northwest Hardwoods doesn't have any recent trademark applications, indicating Northwest Hardwoods is focusing on its existing business rather than expanding into new products … Northwest Hardwoods is the largest United States manufacturer of North American hardwood lumber based on sawmill capacity. Littlejohn, a Greenwich, Conn., agency that invests in midmarket firms, acquired Northwest Hardwoods … SEE OUR ALDER Trust the on-grade quality of Northwest Hardwoods, America’s largest and only coast-to-coast hardwood lumber … With his vision, he set out to transform the under … GREENWICH, CT July 20, 2014 — Littlejohn & Co. has acquired Northwest Hardwoods, a manufacturer and distributor of North American hardwood lumber, from American Industrial Partners (AIP). Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. LIttlejohn & Co. has acquired Northwest Hardwoods from American Industrial Partners. Evanston, IL, May 6, 2019 – Northwest Hardwoods, backed by PE firm Littlejohn, has retained Hanold Associates for their Chief Human Resources Officer search based in Tacoma, Washington. ... Littlejohn & Co LLC. Relevant Documents: Voluntary Petition First Day Declaration Plan Disclosure Statement Cash Collateral Motion Northwest Hardwoods, Inc., a Tacoma, Wash.-based privately held lumber manufacturer with … All material subject to strictly enforced copyright laws. https://www.wsj.com/articles/littlejohn-backed-northwest-hardwoods-agrees-on-financial-restructuring-11604688780. View More. Katrina Prospero, Sandra Peña and Jason Hanold … A Connecticut-based private investment firm, Littlejohn and Co. LLC, announced Friday that it has acquired Northwest Hardwoods Inc. of Tacoma. Northwest Hardwoods is represented by Gibson, Dunn & Crutcher LLP and Young Conaway Stargatt & Taylor, LLP as legal co-counsels and Huron Consulting Group as financial advisor. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. Manufacturing operations are located in the Northwest … Lumber company Northwest Hardwoods Inc., backed by American Industrial Partners, agreed to be acquired by Littlejohn & Co., according to a news release from Standard & Poor's Ratings … Furthermore, Hardwoods Holdings, Inc., is 84.4% owned by affiliates of Littlejohn … The Tacoma, Wash., lumber company said it plans to implement the restructuring either through an out-of-court debt-for-equity swap or through a prepackaged chapter 11 bankruptcy reorganization, adding that it expects to make a decision on the path shortly. GREENWICH, Conn., July 18, 2014 /PRNewswire/ -- Littlejohn & Co., LLC ("Littlejohn"), a private investment firm based in Greenwich, CT, today announced the acquisition of Northwest Hardwoods… Founder Arnold Curtis established Northwest Hardwoods (NWH) in 1967, by creating a single alder mill in Arlington, Washington. We'll deliver the most current and interesting sovereign wealth and financial news straight to your inbox. Northwest Hardwoods is a Tacoma, Washington-based lumber manufacturer backed since 2014 by Littlejohn & Co. and CITIC Capital Partners. All Rights Reserved. $800MM in Sales (8% NA market share) 30 locations – 1900 Employees. The Bankruptcy Court authorized Northwest Hardwoods to use over US$ 22 million of available cash to pay all critical vendors and other service providers any pre-bankruptcy amounts owing as invoices for those amounts become due and owing. According to the filing, Northwest Hardwoods, Inc., is 100% owned by co-debtor Hardwoods Intermediate Holdings II, Inc., which is 100% owned by co-debtor Hardwoods Holdings, Inc. Northwest Hardwoods operates 20 services in North America, with an estimated annual hardwood lumber capability of about 320 million board toes. NWH is the largest U.S. manufacturer of North American hardwood lumber with a current estimated annual hardwood lumber capacity of 320MMBF. Littlejohn & Company has acquired Northwest Hardwoods from American Industrial Partners, in a deal rumored at $465 million.NW Hardwoods converts hardwood logs into rough-cut and … in support of our mission we have four integral … Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. This copy is for your personal, non-commercial use only. © 2008-2020 Sovereign Wealth Fund Institute. Huron Consulting Group is serving as NWH’s financial … He has been a key part of the Firm’s investments in Cosmetic Essence, Synchronous Aerospace Group, Kenan Advantage … Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. 15% Off Quantity Discount 3+ items (excludes musical grade ... Northwest … Northwest Hardwoods is a premier hardwood lumber producer in the industry serving the furniture, cabinet, molding and millwork segments worldwide. Northwest Hardwoods Company Overview Company Highlights Headquarters: Tacoma, Washington. Greenwich private-equity firm Littlejohn & Co. announced on Friday it has acquired Northwest Hardwoods, a manufacturer and distributor of North American lumber based in Tacoma, Wash. Founded in 1967 with a single mill and a pioneering spirit, Northwest … Washington Bets $150 Million on Luminate Capital’s New Fund, Risky Loans Secure Private-Equity Payouts Despite Downturn, CareMax, IMC to Combine With SPAC Deerfield Healthcare, Infrastructure-Investment Binge Will Continue—Even Without Washington. No financial terms were disclosed. Mr. Feeley joined Littlejohn in 1998 and is a member of the investment committee. Katrina Prospero, Sandra Peña and Jason Hanold are leading the search. Northwest Hardwoods Inc., owned by private-equity firm Littlejohn & Co., on Friday said it reached an agreement on a financial restructuring that will reduce its debt by about $270 million. Northwest Hardwoods is the largest United States manufacturer of North American hardwood lumber based on sawmill capacity. The secured noteholders are represented by Willkie Farr & Gallagher LLP as legal counsel and Guggenheim Securities, LLC as financial advisor. Company profile page for Northwest Hardwoods Inc including stock price, company news, press releases, executives, board members, and contact information. Today, we offer virtually every species and grade of commercially viable North American hardwood lumber. Northwest Hardwoods, a leading manufacturer … Shop our large selection of quilted or curly maple figured lumber, walnut, myrtle and hardwoods for furniture projects and musical instruments. Previously served as CEO for Northwest Hardwoods (‘NWH’) from 2007 to 2018 while the company was under ownership by AIP and subsequently by Littlejohn & … Upon resolution, the secured noteholders will convert their approximate US$ 379 million of secured notes into US$ 110 million of new exit term loans and 99% of the equity in reorganized Northwest Hardwoods (subject to dilution by a management incentive plan). Northwest Hardwoods, backed by PE firm Littlejohn, has retained Hanold Associates for their Chief Human Resources Officer search based in Tacoma, Washington. Northwest Hardwoods is a Tacoma, Washington-based lumber manufacturer backed since 2014 by Littlejohn & Co. and CITIC Capital Partners. This material are governed by our Subscriber agreement and by copyright law are represented by Willkie Farr Gallagher... Gallagher LLP as legal counsel and Guggenheim Securities, LLC as financial advisor Littlejohn and CITIC Capital Partners and are! 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