Legacy Capital offers unparalleled investment banking services to private companies, specializing in mergers and acquisitions, private placements, business valuations and financial consulting. Our experienced team of professionals is dedicated to providing comprehensive representation and advisory services across a broad range of industries. We create solid relationships with our clients through personalized service and by delivering exceptional results. Legacy Capital was founded in 1994 and is based in New Orleans, Louisiana.
Legacy Capital is a registered member of FINRA (www.finra.org) , SIPC (www.sipc.org), and the Louisiana Office of Financial Institutions, Securities Division.
Mergers & Acquisitions
LEGACY CAPITAL TO OFFER TURNAROUND AND RESTRUCTURING SERVICES. JESSE MURDOCK NAMED MANAGING DIRECTOR.
New Orleans, LA – July 6, 2020 – Legacy Capital, an Investment Bank specializing in providing financial advisory services to closely-held companies in various industries and in representing buyers and sellers in mergers and acquisitions, announced today that it will now offer Turnaround and Restructuring Services. The services will include turnaround and restructuring consulting; financial assessments; debt and equity private placement; divestitures; bankruptcy and creditor advisory services; and interim management and Chief Restructuring Officer services.
Jesse Murdock joins Legacy Capital as Managing Director responsible for leading the firm’s turnaround and restructuring practice. Mr. Murdock has extensive experience in working with distressed companies across a variety of industries, including energy (upstream and midstream), digital media, information technology services, manufacturing, hospitality and real estate. Prior to joining Legacy Capital, Mr. Murdock led the Corporate Development group of a privately held business-to-business media company based in Tulsa, OK. He received his B.A. in Political Science and Economics from the University of Texas at Austin, an M.B.A. from the A.B. Freeman School of Business at Tulane University, and served as a Rifleman and Scout/Sniper in the U.S. Marine Corps.
Chip Porter, Managing Partner of Legacy Capital, said, “The coronavirus pandemic and economic slowdown are going to have a devastating impact on businesses in the New Orleans and Gulf South region, and we see a need for a local firm providing turnaround and restructuring services. We are pleased to have Jesse join the team and offer these services to companies throughout the Gulf South. New Orleans is our home and we want to do everything we can to help the city and the region’s economic recovery.”
New Orleans, LA – October 25, 2019 – Legacy Capital announced today the acquisition of its client, King Lumber Company, Inc. (“King Lumber”) in Forest, MS by Lincoln Lumber, LLC (“Lincoln Lumber”), headquartered in Conroe, TX.
King Lumber, which has been in business since 1952, is a second generation, family-owned board remanufacturer, specializing in drying and surfacing 1” Southern Yellow Pine boards. The finished boards are sold primarily into the lumber and building materials market, as well as the industrial use market.
Lincoln Lumber has served as a premium provider of lumber and forestry products to markets across the Midwest and Southern United States for over 40 years. The transaction strengthens Lincoln’s position as a major producer of premium boards in the Gulf Coast and East Texas region. The acquisition adds approximately 40 million board feet per year to Lincoln Lumber’s operations, in addition to the retention of King Lumber’s skilled employees. Three of King Lumber’s four owners will join Lincoln Lumber, with Mark Gaddis and Jeff Gaddis continuing to oversee the operations.
The terms of the transaction were not disclosed.
New Orleans, LA – September 28, 2018 – Legacy Capital, an advisory firm specializing in investment banking for private companies, is pleased to announce that its client, Lynch Biologics, LLC (“LBIO”) (www.lynchbiologics.com) has closed on a transaction with Luitpold Pharmaceuticals Inc. (“LPI”), under which LBIO has acquired all rights relating to GEM 21S® Growth Factor Enhance Matrix, and certain additional assets related to LPI’s dental regeneration business. The transaction transfers all ownership rights to LBIO for the global commercialization of GEM 21S®, including the downstream formulation, fill and finish manufacturing rights. LYNCH Biologics will market the GEM 21S® product together with a suite of complementary regenerative biologic products direct to oral surgeons, periodontists and implant dentists through its cranio-maxillofacial division.
The terms of the transaction were not disclosed.
New Orleans, LA – June 7, 2018 – Legacy Capital, an advisory firm specializing in investment banking for private companies, is pleased to announce that as of May 22, 2018, its clients, Penick Produce Co., Inc., Penick Business, L.P., and Penick L.P., have sold the entirety of Penick Produce and significant land assets in Penick Business and Penick LP in Vardaman, MS to local sweet potato operator Alexander Farms.
Legacy Capital served as transaction advisor to the Penick companies. Chip Porter, Managing Director, said, “It was a pleasure working with Rob and the Penick companies in this transaction. Rob and the Penick family had a clear vision of transitioning the business to maintain the services to the area, and we were able to help them accomplish their goals. It was also a pleasure working with the Alexanders and their advisors.” Porter added, “The agribusiness industry is an area of particular focus for Legacy Capital, and we look forward to working with others in the industry.”
New Orleans, LA – January 29, 2018 – Legacy Capital announced today that its clients, Network USA, LLC and Sun America Communications, LLC (collectively “NUSA”), have signed a definitive agreement to be acquired by Conterra Ultra Broadband Holdings, Inc. (“Conterra”). Network USA is a rapidly growing builder, owner and operator of facilities-based lit and dark fiber primarily in Louisiana and Texas with a successful operating history of nearly two decades. NUSA serves the same industry customer segments as Conterra: wireless and landline carriers, healthcare organizations, government and mid-sized as well as Fortune 500 enterprises.
Legacy Capital served as NUSA’s exclusive financial advisor in connection with the transaction while Butler Snow, LLP acted as NUSA’s legal advisor.
Terms of the transaction, which is subject to pending regulatory approvals, are not being disclosed.
New Orleans, LA – February 5, 2018 – Legacy Capital, an advisory firm specializing in investment banking for private companies, is pleased to announce that as of January 1, 2018, its clients, Bruce and Terry Reynolds, management of Rives and Reynolds Lumber Co., Inc. (R&R) and Monticello Tie & Timber, LLC (MT&T) have sold the Natchez, MS division of R&R and the equity of Natchez, MS based MT&T to Jones Companies.
R&R was founded in 1971 and operates hardwood sawmills in Louisville and Natchez, MS. For 17 years, the Natchez mill has sold primarily kiln-dried and air-dried lumber both domestically and internationally. MT&T, purchased in 2006, operates a small-log tie and timber sawmill that sells railroad ties and timber to treating facilities and rough green lumber to domestic manufacturers. The companies source raw materials including Red Oak, White Oak, Ash, Poplar, Cottonwood, and Pecan logs locally and have built a strong reputation in the Mississippi lumber community.
The R&R mill in Louisville will continue its operations, and after a transition period, Bruce will join his father, Terry, in operating the Louisville mill. Terry said, “At 77 years old, I am ready to have Bruce move in to the management of the Louisville operation. I will continue to be involved, but I am looking forward to turning the reins over to Bruce.” Bruce added, “Having grown up in the Louisville mill, I look forward to growing that operation and building on its historical successes.”
Jonathan Jones, President and CEO of the Jones Companies, said, “We are excited to expand our operations in to the grade lumber business to complement our existing mat operations. We believe that the R&R and MTT mills are among the best in the Southeast, and we plan to further the efficiency and production of the mill with capital expenditures.”
Legacy Capital served as transaction advisor to the Reynolds. Chip Porter, Managing Director, said, “It was a pleasure working with Bruce and Terry in this transaction. Bruce and Terry had a clear vision for consolidating the R&R operations in the Louisville area, and we were able to help them accomplish their goals. It was also a pleasure working with the Jones Companies and its advisors. The forest products industry is an area of particular focus for Legacy Capital, and we look forward to working with others in the industry.” Bruce added, “Chip and the Legacy team expertly guided us through a complex transaction dealing with two companies, complex working capital targets with the large amount of drying lumber inventory, and a host of unexpected challenges.”