PNC Financial-backed Rubicon Partners completed the acquisition of Consolidated Timber Holdings Group.

PNC Financial-backed Rubicon Partners, a private equity firm, completed the acquisition of Consolidated Timber Holdings Group, a distributor and manufacturer of timber products. Financial terms were not disclosed. Rubicon has acquired CTHG due to the market opportunities, the significant potential to grow the Group by investing in both the distribution and manufacturing sides of the business, and the increasing appeal of timber products as a sustainable material in the UK residential and commercial construction market. The Rubicon and CTHG teams look forward to continuing to work with current suppliers and customers in a seamless manner.