ST. HENRY, Ohio — The Schockman Lumber Group of St Henry, Ohio, has acquired Iverson’s Lumber of Highland Township and Montrose, Michigan.

Details of the transaction, brokered by investment bank Calder Capital, were not released. 

Founded in the 1950s, Iverson’s Lumber is an independent lumber yard and supplier of lumber, tools, hardware, and building materials. Over the last 70 years, the company has grown to two locations with 49 employees. Third-generation owner, Todd Iverson, along with his partners, Morrey Law and Mark Hamlin, who were eager to pursue retirement, engaged Calder Capital in the negotiations. 

Schockman Lumber offers a number of services and products including pole barns and buildings, architectural trims, doors, stair parts, railing, lumber products, roofing, flooring, decking, windows, hardware, and more. 

The acquisition is a strategic fit for The Schockman Lumber Group’s portfolio, providing a seamless transition for both clients and employees. This synergistic acquisition will enable Schockman Lumber to expand its market reach and enhance its service offerings.

Matt Uhl of Calder Capital served as the lead Mergers and Acquisitions Advisor to Iverson’s Lumber Co., Inc. Iverson’s launched to market on June 8, and after 56 qualified buyers expressed interest, had an offer accepted by July 21, and closed the acquisition on September 1.