March 2018
Join Chartwell at NCEO's annual Employee Ownership Conference in Atlanta, Georgia on April 18-20, 2018. Listen to our experts speak on current ESOP issues and and visit us at Booth #8!
February 2018
Chartwell is pleased to announce MacArthur Company’s successful purchase of Snavely Forest Products. Founded in 1902, Snavely operates lumber distribution facilities in Pennsylvania, Maryland, North Carolina, Texas, and Colorado. The footprint of Snavely’s distribution centers is a perfect extension of MacArthur’s wholly owned subsidiary, Weekes Forest Products, which was acquired in 2014. Weekes has distribution centers in Minnesota, North Dakota, Wisconsin, Illinois, Michigan, and Florida, as well as a trading office in St. Paul, Minnesota. Combined, Snavely and Weekes will service 17 states with lumber and building materials.
January 2018
Chartwell is pleased to announce that Nelson Worldwide Holdings, Inc. has raised senior and junior committed capital to fund the acquisitions of FRCH Design Worldwide and Wakefield Beasley & Associates, and to refinance existing indebtedness. Chartwell acted as Nelson’s exclusive financial advisor throughout the transaction, providing experienced, objective counsel to management in order to effectively facilitate the funding and assist with negotiations in connection with the acquisitions. HIG Whitehorse and Prudential Capital provided funding to effect the transactions.
January 2018
Whoever thought that the House and Senate bills representing the Tax Cuts and Jobs Act (TCJA) would ever be reconciled and become law, or at the very least, would be signed into law before the end of calendar year 2017? Seemingly, the stock market placed a high probability on that event. That bet, placed by the market on a more business-favorable tax law change, is believed by many (but not all) to have been a significant contributor to the 20%-30% run-up in the stock market witnessed since November 2016. One notable disbeliever, Warren Buffet, is quoted to have said in early January 2018 that the magnitude of the tax cut is not reflected in the stock market yet.
January 2018
We are excited to share the promotions of seven of our professionals.