Gridiron Capital has sold Essential Cabinetry Group, a maker of custom, semi-custom, and stock-plus kitchen and bathroom cabinetry. The buyers include Breck Partners. No financial terms were disclosed.
New Canaan, CT, December 7, 2021 – Gridiron Capital, LLC (“Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, today announced it has completed the sale of Essential Cabinetry Group (“Essential” or the “Company”) to Breck Partners LLC and management.
Simpsonville, SC-based, Essential Cabinetry is a manufacturer of custom, semi-custom, and stock-plus kitchen and bathroom cabinetry that is sold primarily through the dealer channel. Through its three market-leading brands, Essential Cabinetry provides a complete lineup of full access, framed, and inset cabinetry. Essential is sold through a growing dealer network of over 650 kitchen and bath dealers across the United States.
Gridiron’s original investment thesis was focused on teaming with a proven industry executive to build a leading kitchen and bathroom cabinetry manufacturer with world-class operations and a strong distribution network selling a full product line-up of cabinets. During Gridiron Capital’s investment, the Company created the Essential Cabinetry Group with the original investment in Executive Cabinetry and later acquired Tedd Wood, a premier custom cabinetry manufacturer and Designers Choice Cabinetry, a leading stock-plus wood cabinetry business.
“We have experienced great success through our partnership with Gridiron, who has helped us improve operational efficiencies, complete and integrate our acquisitions, bolster our team with additional resources, and help implement a shared culture of Winning Together throughout our organization,” said Mark Kovich, Chief Executive Officer of Essential Cabinetry.
“The Company has built internal momentum through several key initiatives based on the “One Company, One Culture” message aligning the employees and locations on the Company’s mission, vision and core values renewed under Mark’s leadership,” said Tom Burger, Managing Partner at Gridiron Capital.
Joe Saldutti, Managing Director at Gridiron Capital added “Mark and his leadership team have been great to work with. They have built a leading platform focused on consistently meeting and exceeding their customers’ expectations.”
Moore & Van Allen LLP acted as legal advisor and BlackArch Partners acted as financial advisor to Gridiron Capital. Haynes & Boone LLP acted as legal advisor to Breck Partners LLC.
About Gridiron Capital
Gridiron Capital is an investment firm focused on partnering with founders, entrepreneurs, and management teams, and creating value by building middle-market companies into industry-leaders in branded consumer, B2B and B2C services, and niche industrial segments in the United States and Canada. We help transform growing companies by winning together through hard work, partnerships grounded in shared values and a unique culture that comes from hands-on experience building and running businesses. As a team led by former operators and entrepreneurs, we know what it takes to run successful businesses on a day-to-day basis. Additional information is available on the firm’s website: www.gridironcapital.com.