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August 25, 2023

Boise Cascade

Boise Cascade has reached an agreement to purchase Brockway-Smith Company (BROSCO), a wholesale distributor specializing in doors and millwork. The purchase price for BROSCO, including the acquisition of its two full-scale distribution centers, is $172 million, subject to certain closing adjustments. Boise Cascade plans to fund the transaction and closing-related expenses from its existing cash balances. BROSCO is a fifth-generation, family-owned company founded in 1890. It operates distribution centers in Hatfield, MA and Portland, ME. Boise Cascade currently operates 10 millwork locations specializing in exterior and interior doors, frames, hardware, and pre-finishing options. Closing of the transaction is expected to be complete in early fourth quarter of 2023, subject to customary closing conditions, including receipt of antitrust approval under the Hart-Scott-Rodino Act of 1976. Boise Cascade was advised by Wells Fargo Securities, as financial advisor, and Perkins Coie, as outside legal counsel, in the transaction.




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