Dura Supreme Cabinetry has announced that it has been acquired by GHK Capital Partners, a Greenwich, Conn.-based private equity firm that strategically partners with well-performing companies with exceptional growth potential. GHK’s acquisition of Dura Supreme will enable the Company to build upon its strong operating platform and accelerate its strategic growth plans in new markets across the U.S.
“GHK brings operational expertise and capital strength to this partnership, establishing a valuable strategic platform to accelerate our growth and our ability to create innovative and highly desired premium cabinetry for our customers. We are excited about the potential this new business partnership fosters,” said Perry Fails, Dura Supreme president and COO.
“We are extremely pleased to partner with the Dura Supreme team to build upon the Company’s highly-regarded cabinetry brand and 60-year heritage serving designers and homeowners with premium cabinetry,” said Gil Klemann, managing partner of GHK.
Karen Wistrom, vice president of sales & marketing for Dura Supreme said, “With Dura Supreme’s portfolio of semi-custom to custom cabinetry in framed and frameless construction, the partnership with GHK strengthens our competitive advantages and our ability to pivot quickly in meeting the needs of our customers and dealers.”
As part of the transition, Tony Sugalski, a seasoned executive leader with prior experience serving the residential market and dealer channel, has joined the Company as Chief Executive Officer. In addition, Perry Fails has been named president alongside his current role as chief operating officer. All key senior executives are remaining with the company going forward.
