–Blue Horseshoe Acquisitions Now Owns St. Paul-Based Manufacturer
MINNEAPOLIS – February 17, 2020 – Sunbelt Business Advisors President Chris Jones today announced the sale of St. Paul-based Stewart’s Forest Products to Blue Horseshoe Acquisitions. Sunbelt Business Advisors veteran Dan Mulvaney represented the seller in the transaction.
Stewart’s Forest Products began as a family-owned business in 1971 to build wooden ammunition boxes for the U.S. Government. As the need for small caliber munitions decreased in the late 1970s, SFP focused its efforts on manufacturing commercial wooden packaging. In the late 1990s, the company purchased a wood component processing facility to round out the product line and increase processing capabilities.
Today, all processing and assembly is conducted at the company’s main manufacturing facility with 43 employees in Fort Ripley, Minnesota; the company also has two employees at a sales office in St. Paul.
“We were pleased to be able to match a buyer and seller to make sure that Stewart’s Forest Products customers and the company’s 45 employees would experience a smooth transition,” said Mulvaney, who specializes in manufacturing company transactions at Sunbelt.
“The owner, George Stewart, had been in the business since he was a young man and wanted to have the flexibility to pursue other endeavors—it was rewarding to be able to make his dream come true,” said Mulvaney.
Headquartered in Minneapolis, Sunbelt Business Advisors has offices in Minneapolis/St. Paul, Minnesota; Chicago, Illinois; Milwaukee, Wisconsin; Las Vegas, Nevada; and Fargo, North Dakota. The Sunbelt proprietary website lists more businesses for sale and drives more buyer traffic than any other broker website: www.sunbeltmidwest.com.
