GHK Capital Partners LP, a leading middle-market private equity firm, announced that it recently completed the sale of Supreme Cabinetry Brands Inc. to MasterBrand, Inc. for $520 million in cash. Supreme, based in Howard Lake, MN, is one of the largest manufacturers of premium residential kitchen and bath cabinetry in the U.S. Supreme was acquired by GHK in October 2019.
Gil Klemann, Managing Partner of GHK, said, “Since our acquisition nearly five years ago, Supreme has transitioned from a second-generation family-owned business into a leading manufacturer of premium cabinetry, selling its design-forward, best-in-class products nationwide. It has been a privilege to partner with Tony Sugalski and his team on this journey, and I am confident the business will continue to thrive as part of MasterBrand’s market-leading portfolio of cabinet solutions.”
“We are immensely proud of Supreme’s achievements and transformation under GHK’s ownership,” commented Tony Sugalski, CEO of Supreme Cabinetry Brands. He added ”The GHK team has been an invaluable strategic partner that we have truly enjoyed working alongside. We are excited about the next phase of Supreme’s growth with MasterBrand.”
Jefferies LLC acted as lead financial advisor, and Harris Williams LLC acted as financial advisor to Supreme on the transaction. Davis Polk & Wardwell LLP and Fredrikson & Byron, P.A. acted as legal counsel to Supreme on the transaction.
