Long Point Capital is pleased to announce the successful exit from our portfolio company, Atlantic Plywood Corporation.
Long Point sold its investment in Atlantic Plywood to the Atlantic Plywood Corporation Employee Stock Ownership Plan. Long Point structured the transaction as an ESOP providing tax advantages that allowed Long Point to achieve a strong return on its investment and to create an ownership structure beneficial to the management team and the employees.
Atlantic Plywood, headquartered in Woburn, MA, is a leading distributor of high quality interior-grade hardwood plywood products, overlay panels, and other related interior specialty wood panel products. Atlantic Plywood supplies its products to a wide variety of industrial and commercial customers, including kitchen cabinet companies, architectural woodworkers, and various fixture manufacturers.
During the course of our ownership of Atlantic Plywood, Long Point assisted the management team in the expansion of the Company and also with an operational restructuring that improved Atlantic's profitability.
Long Point Capital has significant experience in structuring ESOP transactions and would have an interest in investing capital in ESOPs. Please contact Ira Starr at email@example.com if you have any questions about this transaction or if you would like to discuss any other ESOP opportunities with us.
Long Point Capital is a Michigan and New York based investment fund which partners with growth oriented companies to provide both equity capital and management support. Our principals have been involved in more than 50 transactions with an aggregate value exceeding $5 billion. Long Point Capital manages approximately $315 million of capital and focuses on investments in manufacturing, distribution, or industrial service companies, with revenues between $30 million to $200 million.