News | One Equity Partners
JAN062022
One Equity Partners to Acquire Rosboro, a Leading Manufacturer of Sustainable Engineered Wood Products

OEP to Apply Industrial Expertise and Strategic M&A to Help Company Scale and Expand Market Reach

NEW YORK – One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has acquired a majority interest in Rosboro from Wynnchurch Capital. Rosboro is a leading manufacturer of glued laminated timber (“glulam”), an engineered wood product used in a wide range of building and construction applications, and a variety of lumber products. Wynnchurch Capital will remain a significant minority shareholder. Financial terms of the private purchase were not disclosed.

Based in Springfield, Oregon, Rosboro operates captive sawmills and glulam production facilities allowing for the cost-effective production of stock, non-stock and custom glulam. Its products are sold through a well-established group of wholesale distributors and dealers throughout the United States to a diverse group of customers who rely on Rosboro for the industry’s highest quality glulam products and next-day availability. 

“Rosboro is an excellent business making high-quality differentiated engineered wood products at scale,” said Matthew Hughes, Managing Director at OEP. “Rosboro is poised to benefit from a number of growth drivers including single-family residential housing starts, net migration to the U.S. West, increasing residential repair and remodel, and glulam’s increasing share against structural wood alternatives and other engineered wood products. We look forward to working with CEO Rich Babcock and his team to capitalize on a growing market opportunity.”

“We are very excited for OEP to come on board as our partner,” said Babcock. “Their experience building industrial businesses like ours, as well as their strong relationships within the timber sector makes OEP an ideal partner as we pursue our next stage of growth. We are grateful to Wynnchurch for a great relationship over the past five years and the collaboration on several initiatives that have us well positioned for continued success.”

Brian Crumbaugh, Partner at Wynnchurch said, “We are exceptionally proud of the Rosboro team’s accomplishments over the past five years. The team has significantly scaled the business, established a salesforce to drive pull-through demand, and implemented best practices across every functional area of the Company. OEP brings global resources and significant experience supporting industrial businesses, which will help Rosboro to continue its growth as the market leader in glulam.” 

Glulam is a form of lumber created using small pieces of wood bonded together to create a larger piece of timber that would typically require the use of old growth timber. This product, sourced from sustainable forests that sequester carbon, directly supports the residential housing market and has applications to fast growing markets such as mass timber. The material is cost competitive and an alternative to traditional steel and concrete materials.

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About One Equity Partners
One Equity Partners (“OEP”) is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 300 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, Frankfurt, and Amsterdam. For more information, please visit www.oneequity.com.

About Rosboro
Rosboro Company, LLC is a leading manufacturer of engineered wood products used in residential and light commercial construction, including stock and custom glue laminated timber (“glulam”) and a variety of other lumber products. Founded in 1939 and headquartered in Springfield, OR, Rosboro has developed a unique product offering focused on customer-driven solutions. Rosboro operates out of two manufacturing campuses located in Springfield and Veneta, OR. For more information, please visit: www.rosboro.com.

About Wynnchurch Capital 
Wynnchurch Capital, L.P., headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California, New York, and an affiliate in Canada, was founded in 1999, and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages a number of private equity funds with $4.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings. For more information, please visit: www​.wyn​nchurch​.com.