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Astara Capital Partners Completes Investment in Cross City Lumber, LLC
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NEW YORK, April 15, 2021 /PRNewswire/ Astara Capital Partners, LLC ( Astara ) announced today that it has acquired a majority stake in Cross City Lumber ( CCL ). Based in Cross City, Florida, CCL is a Southern Yellow Pine sawmill that manufactures specialty and dimensional grades of lumber. The company will continue to be led by its current senior management team, including Daniel Dickert, Mike Tate, and Wes Grant, all of whom worked together at nearby Suwannee Lumber Company ( Suwannee ).
Bob McKagen of Astara has joined the company as its CEO. Mr. McKagen has decades of experience as a senior executive in both the manufacturing and distribution of wood-based building products. Mr. McKagen commented, Astara is excited to be partnering with this team of talented managers, and I m personally thrilled to be working with many of the same people I
Astara Capital Partners Expands Team with Two Key Hires
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NEW YORK, March 4, 2021 /PRNewswire/ Astara Capital Partners, a middle-market private equity firm, is pleased to announce that Chris Curti and Brett Kravitt have officially joined the firm.
Michael Ranson, Managing Partner of Astara, commented, We are excited to continue to grow our team with these two important additions. Both Chris and Brett have already made valuable contributions to Astara s investment opportunities. Their combination of operational experience, restructuring expertise, and investing acumen will allow Astara to grow its investment portfolio.
Mr. Curti brings decades of operational, financial, and investing experience. Most recently he served as the CFO of a private equity-owned aerospace and logistics company. Previously, Mr. Curti worked with members of the Astara team as an Operating Partner at Blue Wolf Capital where he led vario
A Gardner manufacturer has sold its two sites in town for more than $7 million to a New York firm.
Garlock Printing & Converting has sold its 72,000-square-foot headquarters at 164 Fredette St. for $3.25 million and a nearly 50,000-square-foot warehouse at 77 Industrial Rowe for $3.9 million.
The sites were sold to a limited liability corporation registered to Michael Ranson and Rob Groberg, investors with the New York firm Astara Capital Partners. The sales closed Jan. 25.
The 6.6-acre Fredette Street site last sold in 1998 for $1.4 million and was last assessed by the City of Gardner at just under $2 million. The seven-acre Industrial Rowe site off Route 2A last sold in 2002 for $1.3 million and was last assessed at nearly $2.7 million.