We are pleased to announce that CanWel Building Materials Group Ltd. (“CanWel”) has acquired our client Island Truss (the “Company”), through its Honsador Group of Companies. Coil Partners acted as financial advisor for the transaction.
Established in 1995, privately owned Island Truss has been Kauai’s only on-island truss manufacturing plant, providing the entire island with a great assortment of truss designs and products. With a reputation of distinction, Island Truss services many of Kauai’s top hotels, resorts, homes and schools.
“Island Truss is a very reputable and well-respected brand on Kauai and in surrounding markets, and we are very pleased to be able to further solidify and expand our presence in the Hawaiian market with this acquisition,” said Amar Doman, Chairman and CEO of CanWel.
Advising the owner of Island Truss, Coil Partners was successful in structuring and negotiating the sale of the Company to strategic buyer, Canwel, a fully integrated national distributor of building materials with annual revenues of $1.3 billion. CanWel operates multiple treating plant and planning facilities in Canada, the United States, and in 14 locations across the State of Hawaii through its wholly owned Honsador Building Products Group. continues to strengthen its balance sheet to support its organic growth and acquisition initiatives.