Investment Summary

Aeterna Capital Partners and Ridge Road Exits Kitchen Art

On March 12, 2019, Ferguson Waterworks invested in business services company Kitchen Art from Aeterna Capital Partners and Ridge Road

Investment Highlights
  • This is Ferguson Waterworks’ 1st transaction in the Business Services sector.
  • This is Ferguson Waterworks’ 49th transaction in the United States.
  • This is Ferguson Waterworks’ 2nd transaction in Florida.

Investment Summary

Date 2019-03-12
Target Kitchen Art
Sector Business Services
Investor(s) Ferguson Waterworks
Sellers(s) Aeterna Capital Partners
Ridge Road
Deal Type Add-on Acquisition

Target

Kitchen Art

Coral Springs, Florida, United States
Kitchen Art is a provider of kitchen and bathroom cabinetry design, installation and remodelling services. Kitchen Art partners with mid-to-high-end builders that develop master planned communities to offer home buyers customized cabinet upgrade programs. Kitchen Art was founded in 1989 and is based in Coral Springs, Florida.

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Investor(S) 1

Investor

Ferguson Waterworks

Newport News, Virginia, United States

Category Company
Founded 1953
Sector Distribution
Employees1,900
DESCRIPTION

Ferguson is a diverse wholesale distributor with operations spanning multiple business groups. The company is ranked by trade publications as the largest wholesale distributor of residential and commercial plumbing supplies and pipe, valves and fittings(PVF) in the US. It is also the fourth largest distributor of heating and cooling equipment (HVAC/R) and the second largest company within the waterworks industry.


DEAL STATS #
Overall 49 of 52
Sector: Business Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 46 of 49
State: Florida M&A 2 of 2
Country: United States M&A 49 of 52
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Capital Distributing

Dallas, Texas, United States

Capital Distributing, Inc. offers a wide selection of appliance brands and delivery and installation services for builders, remodelers, architects, designers and consumers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Amerock

Columbia, Maryland, United States

Amerock is a manufacturer of decorative cabinet and drapery hardware and accessories for kitchen and bathroom. Amerock is based in Columbia, Maryland.

Buy -

Seller(S) 2

DESCRIPTION

Aeterna Capital Partners is a family office–backed private investment firm focused on lower middle?market direct investments. The Firm provides flexible capital solutions—including private equity and debt—designed to enable liquidity for founding shareholders and support long-term value creation. Aeterna Capital Partners is headquartered in New?York, New?York.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 LendingPoint

Kennesaw, Georgia, United States

LendingPoint is a provider of direct lending services online. LendingPoint offers a fairer lending environment by helping fair credit consumers unlock access to affordable loans. LendingPoint was founded in 2014 and is based in Kennesaw, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 Nurses PRN

Appleton, Wisconsin, United States

Nurses PRN provides staffing services for medical professionals. Nurses PRN employs RNs, LPNs, therapists, and technicians, among other healthcare professionals. Nurses PRN places healthcare professionals in work assignments at hospitals, skilled nursing facilities, and other sites of care across the United States. Nurses PRN was founded in 1995 and is based in Appleton, Wisconsin.

Buy -
SELLER
DESCRIPTION

Ridge Road Capital Partners is an investment holding company focused on public and private company investing. The Firm is sector agnostic and generally targets businesses featuring scalability and the ability to generate distributive cash-flow. Ridge Road Capital Partners was formed in 2012 and is based in New York City.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Florida M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-04 TrialWorks

Coral Gables, Florida, United States

TrialWorks LLC is a provider of case management software for law firms in the US. TrialWorks was founded in 1995 and is based in Coral Gables, Florida

Sell -