New Orleans, LA – November 4, 2021 – Legacy Capital (www.legacycapital.com) announced today the management-led buyout and recapitalization of its client, Empire Group, headquartered in McComb, Mississippi.
Empire Group, through its affiliates Empire Mat and Empire Services, supplies and services a variety of timber mats to operators of pipelines and electric utilizes across the Southeast and beyond. Empire Group was created by Mark Wallace, owner of Wallace Lumber Company, along with his son-in-law, Leighton Davis, who served as the president of Empire Group. Empire has become a trusted supplier and servicer of timber mats to its clients for compliance with environmental regulations as well as operational efficiency. Empire has experienced tremendous growth over the last several years. Wallace Lumber Company will continue to be a major supplier of timber mats for Empire Group operations.
As a result of the transaction, Leighton Davis will become the sole owner of Empire Group. Leighton stated: “It has been exciting experiencing the phenomenal growth of Empire Group as it has grown with the support of Wallace Lumber Company and Mark Wallace. With this transaction, our team is looking forward to building on the success that we have had in developing the relationships with our clients.”
Mark Wallace noted, “Leighton has done an outstanding job building the Empire Group into a premier provider and servicer of timber mats. We look forward to our continuing relationship with Empire and providing its needs for high quality hardwood mats for years to come.”
Mark added, “Chip Porter and the team at Legacy Capital led us through the transaction and their deep technical and execution experience resulted in a very smooth process.”
Chip Porter, Managing Partner at Legacy Capital, said, “Mark Wallace and Leighton Davis have built a very impressive timber mat business. We enjoyed working with the entire team to help them accomplish their objective of transitioning the business to Leighton. Forest products businesses are a particular focus of Legacy Capital, and we look forward to working with other companies in the industry.”
Legacy Capital helps create value for owners of private companies with its depth of knowledge and technical execution expertise in mergers and acquisitions, recapitalizations and general financial advisory. Legacy Capital also provides valuation opinions and complex litigation support services.
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.