Fullerton Lumber
Press Release

Cherry Tree Advises Fullerton Companies on its Sale of Fullerton Lumber–”The Builders Choice” Supply Centers

Transaction Description
MINNEAPOLIS, MN (October 2016) – Consolidated Lumber Company, doing business as Arrow Building Center, announced the acquisition of Fullerton Lumber Company from Plymouth, MN-based Fullerton Companies.
Marna Fullerton, chairwoman of the 134-year old Minnesota Company said, “For more than a century, our family has been executing a successful business that remains focused on serving our customers and driving growth in the building industry. Our decision to move on from the lumber and building materials business was led by a strategic desire to focus on Fullerton’s rapidly growing factory-fabricated building systems and products business.” 
Cherry Tree’s Role
Cherry Tree & Associates was engaged by the Fullerton family and Board of Directors to advise the company on its strategic alternatives related to the sale of the company. Cherry Tree led the process that included introductions and discussions with numerous potential acquirers and financial partners, soliciting proposals, negotiating terms, supporting the due diligence process and facilitating the closing of the transaction.  
“Cherry Tree shepherded us through a comprehensive process that resulted in a great outcome for our family, employees, and customers. Their experience and valuable guidance was essential at each stage of the deal,” stated Jim Fullerton, Board member and Shareholder of Fullerton Companies. 
About Consolidated Lumber Company
Consolidated Lumber Company, doing business as Arrow Building Center, is a leading provider of residential and commercial building and construction materials. The company operates out of 16 locations serving the Wisconsin and Minnesota markets. Consolidated’s broad product mix and service offerings enable it to reach a diverse customer base of professional contractors. Further information about Consolidated Lumber Company is available at www.abc-clc.com.
About Fullerton
Fullerton has two operating companies, Fullerton Building Systems, a premier provider of panelized building packages, and Fullerton Finish Systems, the leading U.S. manufacturer of custom exterior factory-applied finishes for the construction industry. Further information about Fullerton is available at  www.fullertonbuildingsystems.com.
About Cherry Tree & Associates
Cherry Tree & Associates, LLC is a private investment banking firm headquartered in Minneapolis, Minnesota, specializing in serving entrepreneurially-managed companies. Founded in 1980, the firm provides financial advisory engagements for buyers, sellers, and companies seeking growth capital, and provides fairness opinions and other valuation services.
Cherry Tree Deal Team
Dave Latzke
Managing Director 
(952) 253-6032
Ben Ikeda
Senior Associate
(952) 253-6015