Aiglon Capital Management and a group of Consolidated’s management team announced Wednesday that it has purchased Consolidated Lumber Company. Consolidated operates as Arrow Building Center and includes 16 locations serving the Minnesota and Wisconsin markets.
Triangle Capital Corporation announced further details on the transaction.
Consolidated’s management team will continue to operate as Consolidated Lumber Company, LLC, doing business as Arrow Building Center. Ron Schumacher is replacing David Majeski as President and CEO of the company.
“David has been a leader and a steward of this company for a long time,” Schumacher said.
Schumacher is a 20 year veteran of CLC and has held positions of General Manager, District Manager, and Vice President of Operations.
Consolidated is a leading provider of residential and commercial building and construction materials. Based in Stillwater, Minn., the company’s broad product mix and service offerings enable it to reach a diverse customer base of professional contractors. The company’s excellent customer service, superior and customizable product lines, and centralized distribution capabilities have made it a preferred brand in its markets
Richard Griffin, managing partner at Aiglon, said in a press release, “We are thrilled to be working with the team at Consolidated. The combination of dedicated people, disciplined processes, and noteworthy technology is impressive. The company routinely exceeds the expectations of its customers, and we are committed to continuing its success and facilitating its expansion.”
The original Consolidated Company was founded in Stillwater, Minn. in 1903, according to the company’s website. In the 1960s, the company changed the name of its yards to Arrow Building Centers.
“The team at Aiglon fully embraces our mission and shares our commitment to excellence and helping our customers achieve their goals,” said Schumacher. “We look forward to partnering with Aiglon in the years ahead.”