Bengur Bryan Advises J.T. Shannon Lumber Company

Bengur Bryan and Equity Partners HG advised The J.T. Shannon Lumber Company on the sale of its Superior Hardwoods division, including its state of the art sawmill located in Montezuma, Indiana to the Baillie Lumber Company of Hamburg, New York.

The J.T. Shannon Lumber Company is a leading manufacturer of precision cut hardwood lumber with revenue of approximately $85 million annually. Up until the sale, J.T. Shannon operated three related businesses: a sawmill/lumber manufacturing business, lumber concentration yards, and an engineered wood flooring manufacturing business.  After the sale of the Montezuma sawmill, the Company’s remaining operations are located predominately in Horn Lake, Mississippi, just outside of Memphis.  In addition, J.T. Shannon has an international sales office in Shanghai, China and sales agents in Europe and Mexico.

Superior Hardwoods is located on a 60-acre site and produces in excess of 27 million board feet of lumber per year.  Due to the favorable growing conditions in the immediate area, the saw mill is able to get a very high percentage of FAS grade lumber.