Dura Supreme Announces Acquisition by GHK Capital Partners
Howard Lake, MN: Dura Supreme Cabinetry has announced that it has been acquired by GHK Capital Partners, a Greenwich, Connecticut 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,” commented 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 shared, “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.
About Dura Supreme Cabinetry
Located in Howard Lake, Minnesota, Dura Supreme is a private-owned company that manufactures semi-custom and custom, framed and frameless cabinetry for a nationwide network of dealers. For 60+ years homeowners and designers have looked to Dura Supreme for kitchen and bath cabinetry that fulfills their desire for personalized design choices and outstanding quality of construction. To learn more about Dura Supreme or to find an authorized Dura Supreme cabinetry dealer near you visit www.durasupreme.com.
About GHK Capital Partners LP
GHK Capital Partners, based in Greenwich, Connecticut, is a private equity firm pursuing investments in the industrials sector. GHK targets businesses with $15 to $40 million of EBITDA and attractive free cash flow where it can identify multiple avenues for growth. GHK partners with experienced and capable management teams that can benefit from additional resources and strategic support brought by GHK to drive transformational earnings growth and investment returns. Contact: firstname.lastname@example.org for more information or visit https://www.ghk.com.