No financial terms were disclosed. Littlejohn, a Greenwich, Conn., agency that invests in midmarket firms, acquired Northwest Hardwoods … 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. 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. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. Shop our large selection of quilted or curly maple figured lumber, walnut, myrtle and hardwoods for furniture projects and musical instruments. The secured noteholders are represented by Willkie Farr & Gallagher LLP as legal counsel and Guggenheim Securities, LLC as financial advisor. SWFI is a minority-owned organization. Northwest Hardwoods Inc. was acquired from American Industrial Partners by investment firm Littlejohn & Co., in a deal announced July 18. 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 $270 million. The Tacoma, Wash., lumber company said it plans to implement the restructuring either through an out-of-court debt-for-equity swap or through a prepackaged chapter 11 bankruptcy reorganization, adding that it expects to make a decision on the path shortly. Northwest Hardwoods is the largest United States manufacturer of North American hardwood lumber based on sawmill capacity. Relevant Documents: Voluntary Petition First Day Declaration Plan Disclosure Statement Cash Collateral Motion Northwest Hardwoods, Inc., a Tacoma, Wash.-based privately held lumber manufacturer with … Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Founded in 1967 with a single mill and a pioneering spirit, Northwest … Greenwich private-equity firm Littlejohn & Co. announced on Friday it has acquired Northwest Hardwoods, a manufacturer and distributor of North American lumber based in Tacoma, Wash. Northwest Hardwoods is a Tacoma, Washington-based lumber manufacturer backed since 2014 by Littlejohn & Co. and CITIC Capital Partners. Northwest Hardwoods, Inc., a Tacoma, Wash.-based privately held lumber manufacturer with 20 production facilities in the western, glacial, and Appalachian regions of the United States, filed for … Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Katrina Prospero, Sandra Peña and Jason Hanold are leading the search. The Bankruptcy Court authorized Northwest Hardwoods to use over US$ 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. This copy is for your personal, non-commercial use only. Manufacturing operations are located in the Northwest … We work with you to choose the best product for your needs. 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. Joined American Industrial Partners in 2019. 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 $270 … Furthermore, Hardwoods Holdings, Inc., is 84.4% owned by affiliates of Littlejohn … NWH is the largest U.S. manufacturer of North American hardwood lumber with a current estimated annual hardwood lumber capacity of 320MMBF. We'll deliver the most current and interesting sovereign wealth and financial news straight to your inbox. Sales: Domestic 55% / Export … View More. All Rights Reserved. Its North America operations include 20 facilities that … attorney leads with email and phone numbers, Backed by Littlejohn and CITIC Capital Partners, Northwest Hardwoods Filed for Bankruptcy. Northwest Hardwoods had debt of US$ 270 million. in support of our mission we have four integral … No affiliation or endorsement, express or implied, is provided by their use. Company profile page for Northwest Hardwoods Inc including stock price, company news, press releases, executives, board members, and contact information. 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. https://www.wsj.com/articles/littlejohn-backed-northwest-hardwoods-agrees-on-financial-restructuring-11604688780. 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. Northwest Hardwoods … Previously served as CEO for Northwest Hardwoods (‘NWH’) from 2007 to 2018 while the company was under ownership by AIP and subsequently by Littlejohn & … 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. 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 … Mr. Feeley joined Littlejohn in 1998 and is a member of the investment committee. Northwest Hardwoods … 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… This copy is for your personal, non-commercial use only. © 2008-2020 Sovereign Wealth Fund Institute. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Founder Arnold Curtis established Northwest Hardwoods (NWH) in 1967, by creating a single alder mill in Arlington, Washington. Northwest Hardwoods is a premier hardwood lumber producer in the industry serving the furniture, cabinet, molding and millwork segments worldwide. Northwest Hardwoods operates 20 services in North America, with an estimated annual hardwood lumber capability of about 320 million board toes. LIttlejohn & Co. has acquired Northwest Hardwoods from American Industrial Partners. Copyright 2020 Dow Jones & Company, Inc. All Rights Reserved. Huron Consulting Group is serving as NWH’s financial … SEE OUR ALDER Trust the on-grade quality of Northwest Hardwoods, America’s largest and only coast-to-coast hardwood lumber … 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. All material subject to strictly enforced copyright laws. Northwest Hardwoods is a Tacoma, Washington-based lumber manufacturer backed since 2014 by Littlejohn & Co. and CITIC Capital Partners. Secured noteholders are represented by Willkie Farr & Gallagher LLP as legal counsel and Securities! Today, we offer virtually every species and grade of commercially viable North American lumber. Willkie Farr & Gallagher LLP as legal counsel and Guggenheim Securities, LLC as advisor. From American Industrial Partners by investment firm Littlejohn & Co., in deal! 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