M&A Deal Summary

MasterBrand Acquires Supreme Cabinetry Brands

On May 21, 2024, MasterBrand acquired building materials company Supreme Cabinetry Brands from GHK Capital Partners for 520M USD

Acquisition Highlights
  • This is MasterBrand’s 1st transaction in the Building Materials sector.
  • This is MasterBrand’s largest (disclosed) transaction.
  • This is MasterBrand’s 1st transaction in the United States.
  • This is MasterBrand’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2024-05-21
Target Supreme Cabinetry Brands
Sector Building Materials
Buyer(s) MasterBrand
Sellers(s) GHK Capital Partners
Deal Type Add-on Acquisition
Deal Value 520M USD

Target

Supreme Cabinetry Brands

Howard Lake, Minnesota, United States
Supreme Cabinetry Brands manufactures residential cabinetry in America with a portfolio of product lines significantly focused on the premium cabinetry segment. With manufacturing facilities located in Minnesota, Iowa and North Carolina, Supreme Cabinetry Brands, with its two iconic brands, Dura Supreme and Bertch cabinetry, craft framed and frameless cabinetry for a nationwide network of dealers. Supreme Cabinetry was formed in 1954 and is headquartered in Howard Lake, Minnesota.

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Buyer(S) 1

Buyer

MasterBrand

Beachwood, Ohio, United States

Category Company
Founded 1954
Sector Building Materials
Employees12,000
Revenue 2.7B USD (2023)
DESCRIPTION

MasterBrand is a manufacturer of residential cabinets in North America and offers a comprehensive portfolio of leading residential cabinetry products for the kitchen, bathroom and other parts of the home. MasterBrand products are available in a wide variety of designs, finishes and styles and span the most attractive categories of the cabinets market: stock, semi-custom and premium cabinetry. The products are delivered through an industry-leading distribution network of over 4,400 dealers, major retailers and builders. MasterBrand was founded in 1954 and is headquartered in Beachwood, Ohio.


DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

DESCRIPTION

GHK Capital Partners is a private equity firm focused on acquiring mid-sized industrial companies with $15 to $40 million of EBITDA. The Firm looks to partner with management teams when pursuing transactions and will consider opportunities throughout the US. GHK Capital Partners was established in 2018 and is headquartered in Greenwich, Connecticut.


DEAL STATS #
Overall 2 of 2
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 JohnsByrne

Niles, Illinois, United States

JohnsByrne is a provider of premium folding carton packaging and specialty print solutions serving a diverse set of consumer end markets. The company sells to a diverse set of health and beauty, consumer, entertainment, spirits, and financial services customers throughout North America. JohnsByrne was founded in 1959 and is based in Niles, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-26 Horizon Air Freight

Jamaica, New York, United States

Horizon Air Freight is a specialized freight forwarder focused on the marine industry serving leading U.S.and international shipping companies and cruise lines. Horizon Air Freight was founded in 1970 and is based in Jamaica, New York.

Buy -