Matthew G. Weaber wants his company to stay in the family, and he’s doing something about it.
The CEO of Lebanon, Pa.-based Weaber Lumber has led a recapitalization of its business, which has transitioned a controlling interest in the company back to the Weaber family.
Cleveland-based Cyprium Partners, a private equity firm focused on making non-control investments, supported Weaber in this recapitalization.
“This is an incredibly exciting time for my family and our employees,” Weaber says. “As a result of this transaction, our business is well positioned for substantial growth in the industry and will allow us to better serve our customers and our community.”