Add-on Acquisition • Building Materials

Wolf Home Products Acquires Carstin Kitchen & Bath Surfaces

On January 15, 2020, Wolf Home Products acquired building materials company Carstin Kitchen & Bath Surfaces from Pulte Capital Partners and Advantage Capital Partners

Acquisition Context
  • This is Wolf Home Products’ 1st transaction in the Building Materials sector.
  • This is Wolf Home Products’ 1st transaction in the United States.
  • This is Wolf Home Products’ 1st transaction in Illinois.

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M&A Deal Summary

Date January 15, 2020
Target Carstin Kitchen & Bath Surfaces
Sector Building Materials
Buyer(s) Wolf Home Products
Sellers(s) Pulte Capital Partners
Advantage Capital Partners
Deal Type Add-on Acquisition

Target Company

Carstin Kitchen & Bath Surfaces

Arthur, Illinois, United States
CarstinBrands.com is a provider of countertops and complementing products for kitchens and bathrooms. CarstinBrands.com was established in 1988 and is based in Arthur, Illinois.
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Buyer Overview 1

Buyer

Wolf Home Products

York, Pennsylvania, United States

Category Company
Founded 1843
Sector Building Materials
DESCRIPTION

Wolf Home Products is a provider of branded kitchen and bath cabinetry, vanities, and accent tiles, as well as high-performance outdoor living and specialty building products. Wolf Home Products was founded in 1843 and is based in York, Pennsylvania.


Deal Context for Buyer #
Overall 1 of 1
Sector: Building Materials 1 of 1
Type: Add-on Acquisition 1 of 1
State: Illinois 1 of 1
Country: United States 1 of 1
Year: 2020 1 of 1

Seller Profiles 2

SELLER

Pulte Capital Partners

Bloomfield Hills, Michigan, United States

Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

Pulte Capital Partners is a specialist investment firm focused on the building materials sector. Pluto Capital looks to invest in transactions valued from $15 to $200 million. Specific areas of interest include specialty building products companies, sustainable material companies, and select homebuilders. Pluto Capital is based in Bloomfield Hills, Michigan.


Deal Context for Seller #
Overall 3 of 3
Sector: Building Materials 1 of 1
Type: Add-on Acquisition 1 of 1
State: Illinois 1 of 1
Country: United States 3 of 3
Year: 2020 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Astar Heating & Air

Middletown, New York, United States

Astar Heating & Air is a provider of HVAC replacement, maintenance, and plumbing solutions to residential homeowners throughout the lower Hudson Valley region of New York. Astar Heating & Air is based in Middletown, New York.

Sell -
SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


Deal Context for Seller #
Overall 87 of 115
Sector: Building Materials 1 of 3
Type: Add-on Acquisition 48 of 68
State: Illinois 4 of 6
Country: United States 87 of 115
Year: 2020 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-09 First Orion

North Little Rock, Arkansas, United States

First Orion is a cloud communications company, providing data-driven call and messaging transparency solutions that protect and enhance the communications experience for millions of consumers, businesses, and major carriers globally. First Orion was founded in 2008 and is based in North Little Rock, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Amfuel

Magnolia, Arkansas, United States

Amfuel is a manufacturer and fabricator of self-sealing and crash-resistant aviation fuel cells for the aerospace industry. Amfuel was founded in 1983 and is based in Magnolia, Arkansas.

Buy -