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PMCF Investment Banking (“PMCF”) is pleased to announce that it served as the exclusive investment banker to Austin Hardwoods of Denver, Inc. (“Austin Hardwoods” or the “Company”) in its transaction with Banks Hardwoods.
Headquartered in Denver, Colorado, Austin Hardwoods is a leading supplier of hardwood lumber, plywood, and custom millwork. Austin Hardwoods has long been a trusted partner for builders, contractors, and woodworking enthusiasts in the Rocky Mountain Region. Founded in 1979, the Company has built a reputation for quality and reliability over its long history and it’s known for its robust product offering and customer-focused services.
Founded in 1985, Banks Hardwoods is a family-owned company headquartered in White Pigeon, Michigan, with an extensive track record of delivering top-tier hardwood lumber to markets worldwide.
PMCF served as the exclusive investment banker to Austin Hardwoods, managing the Company through the transaction process. Chris Stypinski, President of Austin Hardwoods, stated, “We are incredibly grateful for the guidance and expertise provided by PMCF throughout this transaction. Their team demonstrated a deep understanding of our business and the industry, ensuring the process was seamless and successful. PMCF’s dedication to achieving the best outcome for our Company was instrumental in aligning us with the right partner.”
“It was a privilege to work with the Austin Hardwoods team and help facilitate their partnership with Banks Hardwoods,” said Jayson Gitt, Director of PMCF. “Chris’s parents, Don and Nadine Herbel, purchased the business in 1984 and we are excited that their values and vision will continue through the partnership of these two great companies.”
The transaction closed in January 2025. Davis Graham served as legal advisor to Austin Hardwoods.
About PMCF
PMCF is a client-centric middle market investment bank providing merger and acquisition advisory services to private, public, and private equity-owned companies worldwide. We combine our expansive industry and transactional expertise with highly engaged, senior-level bankers to create tailored solutions for all our clients. PMCF helps clients meet their sale, acquisition, financing, and strategic growth objectives through a broad range of services, including sale advisory, acquisition advisory, capital raising, transaction planning, and strategic advisory. We have dedicated professionals focused on manufacturing, distribution, plastics & packaging, business services, software & technology, healthcare, and consumer, food & retail industries.
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