September 10, 2021 | Bill Esler
Indianapolis, IN—The Corsi Group has been sold, effective August 31, by founder Pat Corsi, to private equity firm Salt Creek Capital. Earl was a partner at Salt Creek until August 2021 when he joined the newly acquired company as CEO.
“I look forward to working with the Corsi management team, and helping grow this terrific group of premium brands,” says Earl, whose background includes managing companies from $20 million to $150 million in annual revenue.
Until March 2021, Earl served as senior VP, Americas, for Nokian Tyres, a Finnish tire manufacturer, helping them establish their first U.S. manufacturing plant. He then joined Salt Creek based in Woodside, CA. The Corsi Group is now listed among the Salt Creek Capital portfolio of companies, where Earl is profiled as its CEO.
“Pat has built a strong company, and I want to continue to build on his legacy,” Earl says. Corsi, who founded the company in 1973, will serve as an advisor to The Corsi Group during the transition.
“It has been my great pleasure and an honor to work with some of the finest employees, suppliers, reps, dealers and designers in the cabinet industry for the past 48 years,” says Corsi. “I know Mark will take the company to new heights, and I have every confidence that the management team will work well with his process-oriented approach.”
Earl is described as a strategic leader with deep experience in product development, strategic marketing, finance, sales and marketing, and operations, including continuous improvement through process-driven lean principles. Earl has a BS in Business/MIS from Walla Walla University and completed the Advanced Executive Program in residence at Kellogg School of Management, Northwestern University.
The Corsi Group’s two brands, Greenfield Cabinetry and Siteline Cabinetry, are distributed nationally to about 500 dealer/designers. All cabinets are built in the company’s two plants, located in Indianapolis, IN and Elkins, WV. Earlier this year the Elkins production facility spent $1.2 million upgrading the finishing line yielding nearly a 60 percent increase in capacity. Included were a Cefla Mito 2P automated spray finishing system, Maschinenbau Roba Tech brush sander, an anti-dust panel cleaner, and new finish pumps and air-mix guns, and an electronic mixing and dosing system, along with a Biesse Akron edgebander.
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