Mouser Cabinetry operates in a total 227,000 sq. ft. of manufacturing, and warehouse facilities.
ELIZABETHTOWN, KY– In a deal that closed December 31, Mouser Cabinetry, located in Elizabethtown, KY, was acquired by Kith Kitchens, Haleyville, AL.
Founded in 1955, Mouser Custom Cabinetry employs more than 240, operating in a total 227,000 sq. ft. of office, manufacturing, and warehouse facilities.
Mouser Cabinetry produces semi-custom and custom kitchen and bath cabinetry. Its framed and frameless cabinets are made in a variety of hardwood species – including alder, cherry, hickory, maple, red and white oak, and walnut – and are available in a wide range of finishes and door styles.
“We are excited to add Mouser to the Kith platform,” said Mark Smith, CEO, Kith Kitchens. “Mouser’s outstanding reputation and extensive product portfolio of premium kitchen and bath cabinets will be highly complementary to Kith. The combined business will offer its customers high-quality products in a variety of price points, customization options and materials.”
Kith Kitchens is a leading provider of highly customizable kitchen and bath cabinets to a diverse customer base primarily in the Southeastern United States. Through an extensive network of sales representatives and dealers, the company offers full lines of both framed and frameless cabinetry with an expertise in hand-painted finishes.
Kith Kitchens is a portfolio company of Pfingsten Partners, private equity investors with operations in China and India. Based in Chicago, Pfingsten acquired a majority interest in Kith Kitchens in June 2016 from its founders, the Knight family.
Pfingsten Partners acquired Kith Kitchens as a platform investment for its $382 million fifth fund which closed in March 2016. Now led by CEO Mark Smith, Kith makes semi-custom kitchen and bath cabinetry for both the remodeling and new construction markets under the Kith and Eudora brand name. The acquisition of Mouser is Kith’s first add-on acquisition under Pfingsten’s ownership.
“Kith is the perfect strategic partner for our business,” said Steve Mouser, who along with Keith Mouser owned the business prior to sale. “The combination with Kith will allow us to better serve our diverse customer base through access to increased resources and product offerings, while collaborating to drive manufacturing efficiencies and growth.”
About Pfingsten Partners: Chicago-based Pfingsten invests in middle-market manufacturing, distribution and business services companies that have transaction values ranging from $15 million to $100 million, revenues from $20 million to $150 million, and EBITDA between $3 million and $12 million. Since completing its first investment in 1991, Pfingsten has acquired 142 such companies through five funds with total commitments of $1.3 billion.