Honigman Helms BlackEagle's $23M Deal For Lumber Co.

Law360, New York (October 31, 2011, 1:23 PM EDT) -- Private equity firm BlackEagle Partners LLC has paid roughly $23 million in a bankruptcy auction for the core assets of Lyman Lumber Co., adding to its portfolio of building supply distributors, the firm announced Monday.

BlackEagle beat out stalking horse bidder SP Asset Management LLC and two other would-be buyers at the asset auction in Minnesota bankruptcy court, bringing Lyman into one of the firm’s cornerstone investments, lumber distributor US LBM Holdings LLC.

“The acquisition of Lyman furthers our commitment to US LBM as a platform...
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