Uniondale, NY – May 24, 2023 – Ruskin Moscou Faltischek, P.C. announced today that Founding Partner, Michael L. Faltischek recently closed on the acquisition of the assets of Middle Atlantic Wholesale Lumber (MAWL), a key regional supplier of lumber products, for the firm’s longtime client, Sherwood Lumber Corporation. Mr. Faltischek was assisted in this transaction by the firm’s corporate and financial services teams, including attorneys Daniel L. McAuliffe and Alexandra C. Piscitello.
Mr. Faltischek successfully led Sherwood Lumber through early negotiations, due diligence and the pre-closing and post-closing transition. Mr. Faltischek and his team identified a number of complex issues and brought them to successful resolution by working closely with the client and Sherwood Lumber’s accounting and valuation experts, which resulted in a successful closing at the best possible purchase price for the client.
This strategic acquisition of Maryland-headquartered MAWL will provide Sherwood Lumber with an expanded geographic footprint throughout the east coast and enhanced service capabilities to enable the company to more efficiently serve its valued customers.
It is very exciting for us to continue Sherwood Lumber’s growth with this acquisition. The addition of MAWL adds to our strength in the marketplace,” said Michael Goodman, Director of Finance / General Counsel at Sherwood Lumber. “We are very grateful for the assistance and guidance from Michael Faltischek and his team.”
Founded in 1954, Sherwood Lumber is a Long Island based and family-owned and operated national leader and innovator in the wholesale lumber and building materials industry. Sherwood Lumber provides customers with value added services, including just-in-time truckloads, mill direct shipment, forward pricing, risk management, technical support, and superior handling from company operated facilities throughout the country.
For over 50 years, Ruskin Moscou Faltischek, P.C., headquartered in Uniondale, has built a reputation as one of the region’s leading providers of innovative legal services. Its attorneys are practical, experienced advocates who measure their success by their clients’ success. Cornerstone groups in all major practice areas of the law are represented at the firm, including corporate and securities, corporate restructuring & bankruptcy, commercial lending, commercial litigation, intellectual property, health care, real estate, employment, not-for-profit, cybersecurity and data privacy, energy, and trusts and estates. Clients include large and mid-sized corporations, privately held businesses, institutions and individuals.