Fort Capital Partners is pleased to announce that Metrie Inc. (“Metrie”) has completed the acquisition of substantially all of the assets of EL & EL Wood Products Corporation (“EL & EL”).
EL & EL is a premier two-step distributor of moulding, millwork and door products to customers across the Southwest U.S. Headquartered in Chino, California, EL & EL operates through five warehouses in two locations that distribute the largest and most complete selection of products to customers in California, Nevada and Arizona.
The acquisition of EL & EL nicely “fills in the map” for Metrie, a millwork products distributor with unparalleled expertise and reach within the North American market. Due to complementary product offerings, the combined company will benefit from economies of scale and deeper market penetration. EL & EL’s presence in California, the fifth largest economy in the world, will provide Metrie with critical geographical presence through this highly strategic transaction.
“This acquisition strengthens our efforts to provide the millwork industry with innovative solutions and will solidify our leadership position for customers across all North American markets. Importantly, Metrie and EL & EL share similar values and approaches to our service offering. We are both family-owned and have been nurturing our customer partnerships for generations with a long-term view to success.” commented Kent Bowie, Metrie’s President and CEO.
Following the combination, Metrie will add state-of-the art distribution and fabrication facilities in Chino and Galt, California and grow EL & EL’s existing relationships with customers across the Southwest.
Fort Capital Partners acted as financial advisor to Metrie, with Stoel Rives LLP providing legal advice to the company.