McDonough Corporation has sold L.J. Smith, Inc. to Novo Building Products, LLC, a portfolio company of Blue Wolf Capital Partners. Financial details have not been disclosed.
L.J. Smith is a 133-year-old, privately held company widely recognized as the industry leader in stair parts. It offers the most complete line of core stocking and special-order stair parts to lumberyards and stair builders in the industry. The company has eight locations, four of which are complete manufacturing facilities. L.J. Smith is a portfolio company of McDonough Corporation.
Founded in 2016 and headquartered in Zeeland, Michigan, Novo Building Products is a millwork manufacturing, marketing and distribution holding company. It sources products globally and focuses on the high-value millwork markets in North America. Novo supplies mouldings, stair parts, doors, and other specialty millwork products to lumberyards, home centers, specialty millwork wholesalers, and stair builders in North America.
McDonough Corporation is a privately held company operating in various industries, including barge rental and marine logistics, construction elevators, wood molding and stair system installation.
Oaklins’ team in Cleveland acted as the exclusive financial advisor to L.J. Smith, Inc. in this transaction.