RIVERMILL ADVISORS
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Transactions conducted by Rivermill's founder through Bradley Woods & Co. Ltd.

Pixelle Specialty Solutions Chillicothe Mill
/U.S. Paper Mill (2025)
Sale of shut Ohio uncoated free-sheet mill for industrial re-use. U.S. Paper Mill is a subsidiary of U.S. Medical Glove

Diamond Island and Theresa (NY) Hydroelectric Facilities (National Grid)/Energen Renewables (2025)
Sale of two hydroelectric facilities in NY state with 2.4 MW of capacity - Diamond Island project on the Black River and Theresa project on the Indian River. Energen is a subsidiary of Conifer Infrastructure

Renewable World Energies Hydroelectric Portfolio/Zero6 Energy (2025)
Sale of sixteen hydroelectric facilities in WI, IA and MI with 16.3 MW of capacity via a bankruptcy plan of reorganization


UP Paper/ProAmpac Holdings Inc. (2024)
Co-advisor in sale of producer of 100% recycled kraft paper capable of manufacturing over 110,000 tons annually at its mill in Manistique, MI

Maine Hydroelectric Assets of Sappi North America/Dichotomy Power LLC (2022)
Sale of five hydroelectric stations totalling 7.9 MW of capacity on the Presumpscot River in ME 

Assets of Coastal Resources of Maine/Municipal Review Committee, Inc. (2022)
Court supervised sale of recently constructed solid waste disposal, recycling and transformation facility in Hampden, ME

BioMaxx/Lignetics Group (2021)
Sale of wood pellet producer primarily focused on the residential heating market with manufacturing facilities in NY and PA

Assets of Union Falls Hydroelectric Facility (National Grid)/Kruger Energy (2021)
Sale of National Grid's property interests in the 2.6 MW Union Falls Hydroelectric Facility on the Saranac River in NY state

Confluence Energy Wood Pellet Facility/Confluence Equipment Co., LLC (2020)
363 bankruptcy sale of 28,000 ton wood pellet and related products manufacturing facility in Walden, CO

Genera (2019)
Equity project financing for its first sustainable agricultural fiber products manufacturing facility, which will be located in Vonore, TN

Carthage Specialty Paperboard/Carthage Paper Limited and Carthage Real Estate Investments, affiliates of Ox Industries (2018)
363 bankruptcy sale of 45,000 ton recycled specialty uncoated paperboard mill in Carthage, NY

Transactions listed below reflect Rivermill founder's work at prior firms.

MERGERS & ACQUISITIONS (Target/Acquiror, bold indicates the client)

Epico USA assets of Epico Srl/Eagle Creek Renewable Energy (2016)    
Five ME hydroelectric stations totalling 2 MW of capacity

SP Fiber Technologies/WestRock (2015)    
Two mills in GA and OR manufacturing containerboard, kraft papers and newsprint from recycled fiber

Brite-Line Technologies (portfolio company of Versa Capital)/Peninsula Capital Partners & Starboard Capital Partners (2015)
Manufacturer and marketer of removable, durable and intersection grade pavement marking tapes

Alsip Acquisition (FutureMark Alsip)/Paper Mill Acquisition, an affiliate of Corrugated Supplies Company (2015)
363 bankruptcy sale of non-operating IL 160,000 ton recycled coated paper mill. Buyer converted the mill to produce lightweight recycled containerboard

EACOM Timber/Kelso & Company (2013)
Fairness opinion for sale of publicly traded lumber manufacturer with eight sawmills and related timber tenures in ON and QC, Canada

NewPage Port Hawkesbury/Pacific West Commercial Corp., an affiliate of Stern Partners (2012)
Canadian bankruptcy sale of 397,000 ton supercalendered papers mill in Port Hawkesbury, NS

Fibrek/Resolute Forest Products (2012)
Fairness opinion for second step sale of publicly traded kraft and recycled pulp manufacturer with 760,000 metric tons of capacity at mills in QC, MI and WV

Manistique Papers/Watermill Group (2012)
363 bankruptcy sale of 130,000 ton MI mill manufacturing recycled uncoated publication, specialty and kraft papers

Sappi Muskegon Mill/Melching, Inc. (2011)
Sale of shut MI coated paper mill

NewPage Kimberly Mill/AIM Demolition USA (2011)
Sale of shut WI coated paper mill

NewPage Niagara Mill/Niagara Development (2011)
Sale of shut WI coated paper mill

NewPage Kimberly Hydro Facility/Kaukauna Utilities (2010)
Sale of 2 MW hydroelectric facility located at shut WI paper mill

Synergics Energy Services Hydro Portfolio/Essex Hydro and Epico Srl (two transactions) (2010)
Sale of 8 MW hydroelectric portfolio in Maine in two separate transactions

NewPage Niagara Hydro Facility/Northbrook Energy and Energy Investor Funds (2009)
Sale of 9 MW hydroelectric facility located at shut WI paper mill

Finch, Pruyn & Co./Finch Paper Holdings (Atlas Holding & Blue Wolf Capital led investor group) (2007)
Sale of 250,000 ton premium uncoated free-sheet paper mill in NY and 161,000 acres of Adirondack timberlands

Longview Fibre Leavenworth Sawmill/Hampton Affiliates (2006)
Sale of shut WA sawmill and entry into a long-term log supply agreement

Kruger Manistique Papers Mill/Remark Paper and Merit Capital (2006)
Sale of 130,000 ton recycled uncoated groundwood publication and specialty papers mill in MI

Menasha Corp. Otsego Mill/USG Corp. (2006)
Sale of shut 306,000 ton MI corrugating medium mill for conversion to gypsum linerboard production

Valentine Paper/Meriturn Partners and Dunn Paper (2005)
363 bankruptcy acquisition of 60,000 ton LA specialty papers mill

Badger Paper Mills/James Azzar (2005)
Sale of 68,000 ton specialty and premium papers mill and converting operation in WI

Curtis Papers Port Huron Mill/Meriturn Partners (2003)
Sale of 80,000 ton machine glazed specialty paper mill in MI

International Paper Masonite Division/Premdor (2001)
Sale of composite wood doorskin and other fiberboard products division

Champion International/International Paper (2000)
Acquisition of publicly traded producer and distributor of uncoated and coated papers. Operations also included pulp, linerboard/kraft paper, lumber and plywood manufacturing in US, Canada and Brazil
FINANCING AND ADVISORY

BlueLinx Corporation (2015)
Advisor in connection with 1:10 reverse stock split

FFP New Hydro (2015)
Co-advisor on debt investment by Crestline Investors

Catalyst Paper (2014)
Advisor in connection with issuance of additional PIK Toggle Notes to finance acquisition of Biron, WI and Rumford, ME mills of NewPage Corp.

Wausau Paper (2012)
Valuation of hydroelectric assets

Smurfit-Stone Container (preferred equity holders) (2010)
Valuation in connection with contested bankruptcy plan of reorganization

Neucel Specialty Cellulose (2007)
Growth equity investment by GSC Capital

Menasha Corp. (2004)
Financial consulting related to Otsego, MI corrugating medium mill

Longview Fibre (2004)
Financial consulting related to Longview, WA paper packaging mill

Dormia (2004)
Growth equity investment by Main Street Resources

International Paper (2001)
$2.1 billion zero coupon convertible notes underwriting

All securities offered through Bradley Woods & Co. Ltd., member, FINRA and SIPC. Rivermill Advisors and Bradley Woods & Co. Ltd. are independent entities. The officer of Rivermill Advisors is a licensed registered representative of Bradley Woods & Co. Ltd.
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