M&A Deal Summary

Tecum Capital and Ninth Street Capital Partners Acquire Kitchen Cabinet Distributors

On March 11, 2014, private equity firms Tecum Capital and Ninth Street Capital Partners acquired distribution company Kitchen Cabinet Distributors

Acquisition Highlights
  • This is Tecum Capital’s 2nd and Ninth Street Capital Partners’ 1st transaction in the Distribution sector.
  • This is Tecum Capital’s 23rd and Ninth Street Capital Partners’ 6th transaction in the United States.
  • This is Tecum Capital’s 2nd and Ninth Street Capital Partners’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2014-03-11
Target Kitchen Cabinet Distributors
Sector Distribution
Buyer(s) Tecum Capital
Ninth Street Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Kitchen Cabinet Distributors

Raleigh, North Carolina, United States
Kitchen Cabinet Distributors is an importer and distributor of affordable framed style cabinetry primarily to the home renovation market. Kitchen Cabinet Distributors was founded in 2007 and is based in Raleigh, North Carolina.

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Buyer(S) 2

Buyer

Tecum Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tecum Capital is a private equity firm focused on lower middle-market companies across the Eastern-US. Tecum will consider a variety of investment situations including leveraged buyouts, management buyouts, successions, strategic acquisitions, growth capital financings, and recapitalizations. Investment sizes range from $5 - $20 million. Industries of interest include manufacturing, plastics, specialty distribution, technology, healthcare services, defense, food, and business/consumer services. Tecum will not consider investments in start-ups or real estate. Tecum Capital was formed in 2005 and is based in Wexford, Pennsylvania.


DEAL STATS #
Overall 23 of 82
Sector (Distribution) 2 of 9
Type (Buyout (LBO, MBO, MBI)) 8 of 28
State (North Carolina) 2 of 4
Country (United States) 23 of 82
Year (2014) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-07 The Shamrock Companies

Westlake, Ohio, United States

The Shamrock Companies, Inc. is a diversified business process outsourcing company that focuses on a vast array of marketing needs for its clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 DBi Services

Hazleton, Pennsylvania, United States

DBi Services provides infrastructure maintenance, operations and management solutions in North America and Europe for government agencies, utilities, private industries, railways, retailers and other infrastructure owners. DBi Services was founded in 1978 and is based in Hazleton, Pennsylvania.

Buy $35M
DESCRIPTION

Ninth Street Capital Partners is a private investment firm focused on acquiring established, profitable lower middle-market companies with $5 to $50 million in revenue. Ninth Street is a generalist investor and seeks companies operating in fragmented sectors, with low cyclicality and external risk factors. Target investment situations include owners looking to retire or in need of liquidity, or owners in need of additional management and expertise and looking for a partner to pursue growth opportunities. Ninth Street Capital Partners is based in Orange Village, Ohio.


DEAL STATS #
Overall 6 of 8
Sector (Distribution) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 4
State (North Carolina) 1 of 1
Country (United States) 6 of 8
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-14 SCADA Source

Flora Vista, New Mexico, United States

SCADA Source LLC sells and services automation, telemetry, and measurement parts to the oil and gas industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-13 Inspection Oilfield Services

Morgantown, West Virginia, United States

Inspection Oilfield Services is a provider of tubular management services with operations in every significant oil and gas producing region in the continental United States.

Sell -