Resurgence Financial Services, LLC has been engaged by Fowler Lumber Company (“FLC”) to serve as its financial advisor in the investment or sale of its assets and operations to prospective purchasers. The Company has been in operation for nearly 50 years specializing in the kiln drying of thick White Oak and Red Oak.
This family owned business was chartered in October 1979 by William H. Fowler to function as a wholesale hardwood lumber company. Lumber was purchased from sawmills, sold and shipped by FLC to end users. In 1984 FLC moved to its current location in Gallatin, Tennessee and commenced the purchase of rough green lumber and constructed hardwood dry kilns to cure the product for end use. Over the next 30 years the production capacity reached 1,050,000 board feet of prime White Oak and Red Oak lumber kiln dried in 34 kilns. In 2015, FLC expanded production with the addition of new production lines for inbound green lumber and outbound processing the kiln dried product to produce 1,350,000 bf per month.
Year 2018 2017 2016
Sales $23,565,000 $25,475,096 $26,117,517
EBITDAR $1,274,326 $1,726,430 $2,211,695
Gallatin, Tennessee Facility
Fowler Lumber operatates from a 15 acre facility in Galltain, Tennessee which includes 210,000 square feet of offices and covered work areas and 34 kilns. There are automated production lines for both breen and kiln dried lumber buil by HMC Corporation. Product is moved station to station by six 30,000lb Taylor forklifts.
Included in the Fowler's equipment is a new (2108) HMC Company green chain with triple waterfall breakdown to a lug loader feeing two granding stations with board turners.
The acreage is owned by family members and puchase/lease options are available to buyers.
Customer Base - FLC has develope a brad customer base with customers primarily based in teh USA and Canaday, yer reaching ot to over 22 ccountries worldwide.
Work Force - The workforce of approximately 25 personnel has an average tenure with the company in excess of 20 years.
If you are interested in pursuing this investment opportunity, you may contact Gary Murphey at Murphey@RFSLimited.com for additional information.
Resurgence Financial Services, LLC
3330 Cumberland Blvd., Suite 500
Atlanta, GA 30339
Phone: (770) 933-6855