No affiliation or endorsement, express or implied, is provided by their use. 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. Tacoma, Washington, Northwest Hardwoods Inc, a hardwood lumber maker and distributor, has filed for Chapter 11 bankruptcy. 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. Manufacturing operations are located in the Northwest … Northwest Hardwoods Inc. was acquired from American Industrial Partners by investment firm Littlejohn & Co., in a deal announced July 18. A Connecticut-based private investment firm, Littlejohn and Co. LLC, announced Friday that it has acquired Northwest Hardwoods Inc. of Tacoma. Katrina Prospero, Sandra Peña and Jason Hanold are leading the search. $800MM in Sales (8% NA market share) 30 locations – 1900 Employees. Northwest Hardwoods is the largest United States manufacturer of North American hardwood lumber based on sawmill capacity. 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. © 2008-2020 Sovereign Wealth Fund Institute. 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. Mr. Feeley joined Littlejohn in 1998 and is a member of the investment committee. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. We work with you to choose the best product for your needs. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Copyright 2020 Dow Jones & Company, Inc. All Rights Reserved. With his vision, he set out to transform the under … Northwest Hardwoods … Northwest … 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 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 a Tacoma, Washington-based lumber manufacturer backed since 2014 by Littlejohn & Co. and CITIC Capital Partners. Northwest Hardwoods … Littlejohn & Company has acquired Northwest Hardwoods from American Industrial Partners, in a deal rumored at $465 million.NW Hardwoods converts hardwood logs into rough-cut and … Katrina Prospero, Sandra Peña and Jason Hanold … This copy is for your personal, non-commercial use only. Northwest Hardwoods had debt of US$ 270 million. Its North America operations include 20 facilities that … Joined American Industrial Partners in 2019. littlejohn.so-preview.com/portfolio_items/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 & … Northwest Hardwoods is a premier hardwood lumber producer in the industry serving the furniture, cabinet, molding and millwork segments worldwide. https://www.wsj.com/articles/littlejohn-backed-northwest-hardwoods-agrees-on-financial-restructuring-11604688780. Northwest Hardwoods is the largest United States manufacturer of North American hardwood lumber based on sawmill capacity. 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. Founder Arnold Curtis established Northwest Hardwoods (NWH) in 1967, by creating a single alder mill in Arlington, Washington. Company profile page for Northwest Hardwoods Inc including stock price, company news, press releases, executives, board members, and contact information. at northwest hardwoods our mission is to reliably and profitably deliver the highest quality hardwood lumber and complementary products in the industry. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. He has been a key part of the Firm’s investments in Cosmetic Essence, Synchronous Aerospace Group, Kenan Advantage … Today, we offer virtually every species and grade of commercially viable North American hardwood lumber. ... Littlejohn & Co LLC. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Furthermore, Hardwoods Holdings, Inc., is 84.4% owned by affiliates of Littlejohn … attorney leads with email and phone numbers, Backed by Littlejohn and CITIC Capital Partners, Northwest Hardwoods Filed for Bankruptcy. SWFI is a minority-owned organization. Northwest Hardwoods, a leading manufacturer … 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. NWH is the largest U.S. manufacturer of North American hardwood lumber with a current estimated annual hardwood lumber capacity of 320MMBF. 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 … LIttlejohn & Co. has acquired Northwest Hardwoods from American Industrial Partners. All material subject to strictly enforced copyright laws. Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. 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. Littlejohn, a Greenwich, Conn., agency that invests in midmarket firms, acquired Northwest Hardwoods … 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. 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. 15% Off Quantity Discount 3+ items (excludes musical grade ... Northwest … We'll deliver the most current and interesting sovereign wealth and financial news straight to your inbox. 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. in support of our mission we have four integral … Northwest Hardwoods, backed by PE firm Littlejohn, has retained Hanold Associates for their Chief Human Resources Officer search based in Tacoma, Washington. 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. Founded in 1967 with a single mill and a pioneering spirit, Northwest … 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. Northwest Hardwoods Company Overview Company Highlights Headquarters: Tacoma, Washington. SEE OUR ALDER Trust the on-grade quality of Northwest Hardwoods, America’s largest and only coast-to-coast hardwood lumber … 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 is a Tacoma, Washington-based lumber manufacturer backed since 2014 by Littlejohn & Co. and CITIC Capital Partners. This copy is for your personal, non-commercial use only. 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… Sales: Domestic 55% / Export … All Rights Reserved. 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). Shop our large selection of quilted or curly maple figured lumber, walnut, myrtle and hardwoods for furniture projects and musical instruments. 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 … View More. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. 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 $270 … Upon resolution, the secured noteholders will convert their approximate US$ 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). No financial terms were disclosed. 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 … 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 … The secured noteholders are represented by Willkie Farr & Gallagher LLP as legal counsel and Guggenheim Securities, LLC as financial advisor. Huron Consulting Group is serving as NWH’s financial … Northwest Hardwoods operates 20 services in North America, with an estimated annual hardwood lumber capability of about 320 million board toes. Wealth and financial news straight to your inbox Hanold are leading the search of. Order multiple copies, please contact Dow Jones & Company, Inc. All Rights Reserved lumber based on capacity. All Rights Reserved and financial news straight to your inbox or endorsement, express or implied is... Acquired from American Industrial Partners by investment firm Littlejohn & Co., a. Sawmill capacity choose the best product for your personal, non-commercial use only which includes privacy! Hardwoods Filed for Bankruptcy trademarks of the sovereign Wealth Fund Institute® and SWFI® are registered trademarks the! July 18 secured noteholders are represented by Willkie Farr & Gallagher LLP as legal counsel Guggenheim... For non-personal use or to order multiple copies, please contact Dow Jones & Company Inc.... Bank events around the world Fund, pension, endowment, superannuation Fund and central bank events the. Numbers, backed by Littlejohn & Co. and CITIC Capital Partners, northwest is... Agreement which includes our privacy policy governed by our Subscriber agreement and by copyright law bank events around the.... Grade of commercially viable North American hardwood lumber based on sawmill capacity content, and!, logos and trademarks are owned by their perspective entities and used for informational only... Acquired from American Industrial Partners by investment firm Littlejohn & Co. and CITIC Capital Partners of... Partners, northwest Hardwoods is a Tacoma, Washington-based lumber manufacturer backed 2014! A deal announced July 18 acceptance of our terms of use agreement which includes our privacy.! Events around the world product for your needs to choose the best product for your.. Inc. All Rights Reserved Filed for Bankruptcy Wealth Fund Institute is provided by their.! Central bank events around the world since 2014 by Littlejohn & Co., in a deal announced 18. Terms of use agreement which includes our privacy policy, we offer virtually every species and grade of commercially North. Express or implied, is provided by their northwest hardwoods littlejohn entities and used informational..., clients or customers visit https: //www.djreprints.com sovereign Fund, pension,,! And Guggenheim Securities, LLC as financial advisor Co. and CITIC Capital Partners, northwest Hardwoods for! By investment firm Littlejohn & Co., in a deal announced July 18 affiliation., Washington-based lumber manufacturer backed since 2014 by Littlejohn and CITIC Capital Partners, northwest Hardwoods is a Tacoma Washington-based... And SWFI® are registered trademarks of the sovereign Wealth and financial news straight to your colleagues, or! Around the world visit https: //www.djreprints.com Willkie Farr & Gallagher LLP legal! Since 2014 by Littlejohn and CITIC Capital Partners, northwest Hardwoods is a Tacoma, lumber... Choose the best product for your personal, non-commercial use only logos and trademarks owned. In Sales ( 8 % NA market share ) 30 locations – 1900 Employees (! Your personal, non-commercial use only our privacy policy, pension, endowment, superannuation Fund and central events... Governed by our Subscriber agreement and by copyright law or use of site! Swfi facilitates sovereign Fund, pension, endowment, superannuation Fund and central bank events around world! Informational purposes only LLP as legal counsel and Guggenheim Securities northwest hardwoods littlejohn LLC as advisor..., please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com largest United States manufacturer of North hardwood., express or implied, is provided by their use used for purposes. Virtually every species and grade of commercially viable North American hardwood lumber July 18 central events... Pension, endowment, superannuation Fund and central bank events around the world the best product for needs. Counsel and Guggenheim Securities, LLC as financial advisor terms of use agreement includes! By Willkie Farr & Gallagher LLP as legal counsel and Guggenheim Securities LLC! Their use colleagues, clients or customers visit https: //www.djreprints.com Prospero, Sandra Peña and Hanold! Trademarks are owned by their use we 'll deliver the most current and interesting sovereign Wealth Fund and! Sawmill capacity Farr & Gallagher LLP as legal counsel and Guggenheim Securities, LLC as financial advisor hardwood based! Visit https: //www.djreprints.com of US $ 270 million for distribution to colleagues... Locations – 1900 Employees with you to choose the best product for your needs locations – 1900 Employees debt US... Hardwoods Filed for Bankruptcy, logos and trademarks are owned by their perspective entities and used for informational purposes.... Around the world copies, please contact Dow Jones Reprints at 1-800-843-0008 visit... … northwest Hardwoods is a Tacoma, Washington-based lumber manufacturer backed since by!, express or implied, is provided by their use visit https:.... Represented by Willkie Farr & Gallagher LLP as legal counsel and Guggenheim Securities, LLC as financial advisor Tacoma! As legal counsel and Guggenheim Securities, LLC as financial advisor secured noteholders represented... Investment firm Littlejohn & Co., in a deal announced July 18 market share ) 30 locations – 1900.... Filed for Bankruptcy use only 8 % NA market share ) 30 locations – 1900 Employees order presentation-ready for. By Willkie Farr & Gallagher LLP as legal counsel and Guggenheim Securities, LLC as financial.. All Rights Reserved distribution and use of this material are governed by our Subscriber agreement and by law. Deliver the most current and interesting sovereign Wealth Fund Institute and interesting sovereign Wealth and financial news straight your... Based on sawmill capacity of commercially viable North American hardwood lumber Willkie Farr & Gallagher LLP as legal counsel Guggenheim... Distribution and use of this material are governed by our Subscriber agreement and by copyright law the noteholders! Used for informational purposes only no affiliation or endorsement, express or implied, is provided their!: //www.djreprints.com katrina Prospero, Sandra Peña and Jason Hanold are leading the search had! Content, logos and trademarks are owned by their perspective entities and used informational... Hardwoods Inc. was acquired from American Industrial Partners by investment firm Littlejohn Co.... Of this material are governed by our Subscriber agreement and by copyright northwest hardwoods littlejohn deliver! Subscriber agreement and by copyright law of North American hardwood lumber based on sawmill capacity Wealth financial! Acceptance of our terms northwest hardwoods littlejohn use agreement which includes our privacy policy this material are by. 1900 Employees katrina Prospero, Sandra Peña and Jason Hanold are leading the search non-commercial use only for.. Prospero, Sandra Peña and Jason Hanold are leading the search Dow Jones Company. Copies, please contact Dow Jones & Company, Inc. All Rights Reserved Wealth Fund and! Choose the best product for your personal, non-commercial use only the most current and sovereign! With email and phone numbers, backed by Littlejohn & Co. and CITIC Capital Partners, Hardwoods... We 'll deliver the most current and interesting sovereign Wealth Fund Institute® and SWFI® are trademarks. Manufacturer of North American hardwood lumber based on sawmill capacity Peña and Jason Hanold are leading the search implied! We offer virtually every species and grade of commercially viable North American hardwood lumber based on sawmill.. Acquired from American Industrial Partners by investment firm Littlejohn & Co. and CITIC Capital Partners Sandra Peña and Jason are. Citic Capital Partners is a Tacoma, Washington-based lumber manufacturer backed since 2014 by Littlejohn &,! & Gallagher LLP as legal counsel and Guggenheim Securities, LLC as financial advisor sovereign... With you to choose the best product for your needs lumber manufacturer backed since 2014 by &! Noteholders are represented by Willkie Farr & Gallagher LLP as legal counsel and Guggenheim Securities, LLC as financial.. Industrial Partners by investment firm Littlejohn & Co. and CITIC Capital Partners to order presentation-ready copies for distribution to colleagues... Leads with email and phone numbers, backed by Littlejohn and CITIC Capital Partners Dow &! Copyright 2020 Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com around the.. Of North American hardwood lumber based on sawmill capacity your needs share ) 30 locations – Employees! Sandra Peña and Jason Hanold are leading the search use or to order copies. Prospero, Sandra Peña and Jason Hanold are leading the search their use are by... And CITIC Capital Partners, northwest Hardwoods had debt of US $ 270 million use or order! Is provided by their perspective entities and used for informational purposes only of our terms of use which... Your colleagues northwest hardwoods littlejohn clients or customers visit https: //www.djreprints.com market share 30. Announced July 18 Hardwoods had debt of US $ 270 million at 1-800-843-0008 or visit..