Deal radar ·
Family-owned ThirdGen Timber buys four log home brands from Riverside's PFB
Log and timber frame homes
ThirdGen Timber Group, a third-generation family business, has bought four log and timber home brands, including PrecisionCraft and Riverbend Timber Framing, from Riverside portfolio company PFB Custom Homes Group.
News: A family-owned strategic buys brands out of a PE-owned group, the reverse of the usual sponsor exit.
Why it matters: The deal takes ThirdGen to seven brands and four plants across Canada and the U.S., one year after it bought Canadian Timberframes.
Radar: Family strategics remain real buyers for PE-held niche brands. Deal value was not disclosed.
People involved
- James Banner – Management.
- Mark Wrightman – Buyer.
- Kyle Wrightman – Buyer.
A name here does not mean that person signed the purchase agreement.
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