Baker Tilly Capital advises Gaster Lumber on sale to Carter Lumber
Discover how Baker Tilly Capital guided Gaster Lumber through the sale of its business and related real estate, saving the ownership team time in the process.
Client need
South Atlantic Forest Products, Inc. doing business as Gaster Lumber (the “company” or “Gaster”) is a lumber and building products distributor serving the rapidly growing greater Savannah area. The company serves its customer from three locations – Savannah, Georgia; Bloomingdale, Georgia; and Hardeeville, South Carolina. Since its founding in 1985, Gaster has proudly offered its customers a one-stop shop known for its premier customer service. After decades of running Gaster, the company’s ownership sought to sell the company and its related real estate.
Baker Tilly Capital solution
Baker Tilly Capital, LLC (“Baker Tilly Capital”) acted as a financial advisor to Gaster in the sale process. Baker Tilly Capital contacted suitable strategic buyers and guided the ownership team through each step of the sale process.
Results
With Baker Tilly Capital’s assistance, the company received several offers. Ultimately, the ownership team selected Carter Lumber, one of the nation’s largest building materials suppliers with over 190 locations across 15 states.
Ray Gaster, Gaster Lumber majority ownerBaker Tilly Capital was an exacting broker for selling my business. They put together an excellent presentation that was both descriptive and financially comprehensive. Their initial offering attracted a solid group of potential buyers that led to a final sale of both the business and its properties. Using Baker Tilly Capital saved me a lot of time from going over details and time-consuming questions. Their work was critical in obtaining a successful sale. I highly recommend Baker Tilly Capital and their team’s great work on targeting a viable market with a professional presentation. They definitely made a difference!
To learn more about how Baker Tilly can help your organization with transactions, contact our M&A team.
Baker Tilly Capital, LLC disclosure
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