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Watermill Group invests in Musser Lumber Company

Watermill Group invests in Musser Lumber Company
Located in the heart of the Appalachian Mountains, Musser Biomass and Wood Products offers a unique opportunity to capitalize on the green lumber supply of local sawmills (photo courtesy Musser).

In the United States (US), Watermill Group, a family-held strategy-driven private investment firm, has announced that it has completed an investment in Musser Lumber Company Inc., and its principal operating subsidiary, Musser Biomass and Wood Products LLC (Musser), the mid-Atlantic region’s leading producer of premium dried hardwood fiber and associated converted products such as wood pellets.

Musser is strategically located in Rural Retreat, Virginia (VA) in the heart of the mid-Atlantic hardwood forest.

Growing from a small sawmill business to an innovative recycled biomass company, Musser offers some of the most eco-friendly and highest-quality dry wood fiber on the market.

Using a state-of-the-art low-temperature drying technology, Musser produces a sustainable, differentiated, uncontaminated fiber used in composite manufactured wood products, grilling pellets, residential heating pellets and briquettes, animal bedding, and other existing growth markets.

Positioned for growth

The company is actively exploring emerging clean, dry biomass fiber applications.

Musser is thrilled to partner with the Watermill Group on our next chapter of growth. We’re confident that the Watermill Group’s industry expertise and strategic approach will support and accelerate our vision to redefine and expand the uses for dry wood fiber, said Ed Musser, President and CEO of Musser Biomass and Wood Products.

The investment by Watermill Group positions Musser for substantial growth in an emerging market with an opportunity to capitalize on a shift in evolving consumer preferences driven by sustainability, which includes increased outdoor living expenditures and a commercial preference for ESG-certified products.

Musser represents a compelling opportunity to invest in a sustainable business that serves growing markets and has exciting avenues for growth. For more than half a century, Musser Lumber Company has been a respected supplier in the lumber industry. In recent years, it has become a pioneer in biomass wood fiber, trailblazing new paths to success both in products and processes. The Watermill Group couldn’t be more excited about the opportunities ahead for this partnership, said Robert Ackerman, Senior Partner, Watermill Group.

The debt for the transaction, the value of which has not been disclosed, was provided by Energy Impact Partners’ Credit Group, and Pinnacle Financial Partners provided the operating line of credit. Richter Consulting provided financial due diligence advice to Watermill Group.

Jasso Lopez provided legal counsel and Blais Halpert provided tax counsel to Watermill. Musser Lumber Company received legal counsel from Gentry Locke and advisory services from Brown Gibbons Lang & Company (BGL).

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