M&A Deal Summary

Breck Partners Acquires Essential Cabinetry

On December 7, 2021, private equity firm Breck Partners acquired manufacturer Essential Cabinetry from Gridiron Capital

Acquisition Highlights
  • This is Breck Partners’ 1st transaction in the Manufacturing sector.
  • This is Breck Partners’ 1st transaction in the United States.
  • This is Breck Partners’ 1st transaction in South Carolina.

M&A Deal Summary

Date 2021-12-07
Target Essential Cabinetry
Sector Manufacturing
Buyer(s) Breck Partners
Sellers(s) Gridiron Capital
Deal Type Secondary Buyout

Target

Essential Cabinetry

Simpsonville, South Carolina, United States
Essential Cabinetry is a manufacturer of custom, semi-custom, and stock-plus kitchen and bathroom cabinetry that is sold primarily through the dealer channel. Essential Cabinetry was founded in 1993 and is based in Simpsonville, South Carolina.

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Buyer(S) 1

DESCRIPTION

Breck Partners is a private equity firm focused on acquiring mid-sized, North American industrial companies. The Firm looks for businesses with $50 to $250 million in revenue with a preference for companies that are underperforming their potential, experiencing slow growth or low margins, competing in difficult or out-of-favor industries, corporate carve-outs, or broken auctions. Breck Partners is based in Frisco, Texas.


DEAL STATS #
Overall 1 of 3
Sector: Manufacturing M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
State: South Carolina M&A 1 of 1
Country: United States M&A 1 of 3
Year: 2021 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-26 Alloy Wheel Repair Specialists

Norcross, Georgia, United States

Alloy Wheel Repair Specialists provides on-site repair of cosmetic damage to alloy wheel cores, off-site remanufacturing of structurally damaged wheels, and OEM replacement parts through a strong retail network. Alloy Wheel Repair Specialists was founded in 2001 and is based in Norcross, Georgia.

Buy -

Seller(S) 1

SELLER

Gridiron Capital

New Canaan, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 8.6B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gridiron Capital is a private equity firm focused on acquiring mid-sized North American manufacturing, service and specialty consumer companies. Gridiron looks to commit companies with EBITDA up to $60 million. The Firm prefers controlling interests when considering transactions. Situations of interest include companies operating in sectors undergoing change, closely held companies owned by founding family or management for ownership transition, and corporate divestitures of orphaned or non-strategic business units. Gridiron Capital was formed in 2004 and is based in New Canaan, Connecticut.


DEAL STATS #
Overall 16 of 21
Sector: Manufacturing M&A 2 of 2
Type: Secondary Buyout M&A Deals 8 of 10
State: South Carolina M&A 1 of 1
Country: United States M&A 16 of 21
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Erie Home

Toledo, Ohio, United States

Erie Home is a direct-to-consumer residential products and services company, primarily offering fiberglass and metal re-roofing solutions. Erie provides end-to-end service and product solutions to its customers by handling all aspects of the re-roofing and home improvement process. Erie Home was founded in 1982 and is based in Toledo, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 Legility

350 Brentwood, Tennessee, United States

Legility is a provider of technology-enabled legal services. The Company offers consulting, technology, managed solutions, and flexible legal talent to corporations and law firms.Legility helps its clients improve operational efficiency. By combining people, processes, and technology, Legility offers innovative and bundled solutions that align with how the legal market is increasingly looking to engage.

Sell -