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Birmingham, Michigan – January 31, 2022 – Angle Advisors is pleased to announce that GreyLion has made an investment in Norwood Sawmills, (“Norwood” or the “Company”) to support the Company’s growth amongst its resourceful, outdoor-minded, and hands-on consumer base across more than 100 countries. Angle Advisors acted as the investment banking advisor to Norwood in completing this transaction.

Norwood builds hard-working, reliable, productive, affordable, easy-to-use mobile sawmills as well as related consumables, accessories, and equipment. More than 45,000 Norwood sawmills are hard at work in over 100 countries, processing millions of dollars of valuable lumber. Norwood has provided customers with exceptional service and quality products for 30 years. For additional information, please visit

As a global outdoor equipment and lifestyle brand, Norwood is a leading provider of portable consumer-sized sawmills, as well as related consumables, accessories and equipment. The Company’s products have strong appeal among a resourceful, outdoor-minded, and hands-on consumer base. As part of GreyLion’s investment, Dave Ferguson, John McKee and Dan Leever will join Norwood’s Board of Directors alongside Ashlynne Dale, and Norwood CEO Patrick Racine.

“I am incredibly pleased by the result of the process and joining forces with our new partners at GreyLion,” said Ashlynne Dale, owner of Norwood. “Angle Advisors really understood Norwood’s value proposition and strategy from the outset, which was critical in achieving such a successful outcome. While a sale process can be daunting, Angle thoughtfully guided us through it every step of the way.”

“We are proud to have created a business that affords an international client base the opportunity to build their best futures through wood,” said Mr. Racine. He continued “As we look to scale our business and achieve greater growth in the years to come, GreyLion is the perfect partner to help us achieve these objectives. I could not be more excited for what Norwood’s future entails.”

“We are delighted to bring Norwood into our family of portfolio companies,” said Chip Baird, Managing Partner at GreyLion. “This second-generation, family-owned and operated business exhibits a robust and differentiated competitive position in its industry. It is also led by a strong management team capable of deploying our capital effectively to realize significant progress in the years ahead. We are looking forward to serving as a strategic partner and working alongside the team to help drive continued growth.”

GreyLion focuses on investing in high-growth businesses in the lower middle market. GreyLion seeks to partner with existing owners and management teams across the consumer, technology and services, healthcare and industrial growth sectors to deliver capital in tailored and flexible minority and control structures. For additional information, please visit

Angle Advisors, with offices in the United States, Germany, and China, specializes in mergers and acquisitions and capital raising. The firm’s professionals have completed 250 transactions since 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit


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