Amherst Partners Advises on Sale of Woodsage

Amherst Partners, LLC (“Amherst”) is pleased to announce the sale of Woodsage, LLC (“Woodsage” or the “Company”) to Milton Street Capital (“Milton Street”). Amherst acted as the exclusive financial advisor to Woodsage in connection with the transaction.

About Woodsage

Based in Holland, Ohio, Woodsage is one of the country’s leading steel tube fabricators. The Company’s products are used in conveyors, motorcycle and vehicle exhaust systems, fitness equipment, specialty furniture, powersports equipment, and numerous other industrial applications. In recent years, the Company established itself as a market leader in manufacturing steel conveyor rollers and became the country’s largest producer of tapered and grooved steel rollers. Woodsage’s conveyor rollers are an integral part of the E-commerce infrastructure and used by the industry’s largest and most recognized warehouse integrators.

About the Transaction

The Company’s owners engaged Amherst Partners to conduct a sale of the business. Amherst’s efforts were focused on finding a well-positioned partner capable of supporting further expansion of the business – both through the growth of the Company’s legacy products and through new market opportunities arising from the continued growth of E-commerce and the build-out of distribution and fulfilment centers across the United States. Amherst prepared comprehensive marketing materials articulating the Company’s unique attributes and growth potential, and successfully marketed Woodsage to a highly targeted universe of prospective buyers.

Amherst managed a comprehensive search which generated significant interest from both strategic and private equity partners. Ultimately, the Company elected to pursue a transaction with Milton Street, a firm with deep industrial sector experience and a track record of helping high-growth businesses reach new levels of success.

Husch Blackwell LLP served as legal counsel to Woodsage.

About Amherst Partners

With a track record that spans over 25 years, Amherst is one of the Midwest’s most reputable boutique investment banking advisory firms. Among its core services, Amherst provides middle-market and closely-held companies with significant financial advisory expertise for business divestitures, acquisitions, capital raises, and other corporate finance transactions. Our professionals share a commitment to developing a trusted advisor relationship with our clients and referral partners and have amassed an extraordinary track record of success, with over 450 domestic and cross-border transactions exceeding $20 billion in total transaction value. Securities-related transactions are offered through Amherst’s wholly owned subsidiary, One Amherst Partners LLC, a registered broker-dealer and member of FINRA and SIPC.  For more information, visit our website: https://www.amherstpartners.com and follow us on LinkedIn.