Robinson Bradshaw Represents Astara Capital in Lumber Mill Investment



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April 23, 2021

Robinson Bradshaw represented Astara Capital Partners in its acquisition of a majority stake in Cross City Lumber and in the related debt and equity financings of the acquisition. Based in Cross City, Florida, CCL is a Southern Yellow Pine sawmill that manufactures specialty and dimensional grades of lumber. This is Astara's second investment in three months; Robinson Bradshaw also represented the firm in its first investment.

Astara Capital Partners is an integrated team of investors and operators that pursues a value- and special-situations investment strategy in the middle market. The firm invests in a handful of sectors where it has deep experience, including packaging and converting, food, building products, forest products, and industrial manufacturing, distribution and services.

Robinson Bradshaw attorneys Justin Brittain, James Cass, Rick Starling, Jared Taylor, Lucas Anderson, Mary Wills Bode and Scott Cogar represented Astara Capital in the transaction with assistance from Carl Boehm, Susan Huber, Will Packard, Emily Sherlock, Herman Spence and Curtis Strubinger. 

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