North America’s Largest Woodworking Event | Tuesday–Friday | August 6–9, 2024


Industry & Trends

Investors Join Michigan Woodwork After Acquiring It


February 8, 2021 | Bill Esler

WILLIAMSTON, MI – A majority stake in Michigan Woodwork of Williamston, MI, has been acquired by two partners, private investors Vikram Bedi and Apur Sheth, from its founder, Matt Gustafson. 

Bedi and Sheth, experienced entrepreneurs and lifelong friends, with backgrounds in industrial chemicals, and business development and ownership, say they are excited to take on the challenge of pivoting into the wood products and production cabinetry manufacturing industry. 

Michigan Woodworks Facility

Gustafson founded Michigan Woodwork in 2012, and had already transitioned partial ownership to operations manager Johnny Barkley, who runs the day-to-day manufacturing activity. Gustafson felt he had accomplished what he intended, and as a serial entrepreneur plants to develop another business venture in the excavating space.

Structuring Transition in Ownership

Bedi and Apur Sheth acquired Gustafson’s majority interest, with Bedi as the new majority owner. Sheth becomes a minority owner alongside Barkley, who will remain the operations manager and a part-owner. Bedi says he intends to leverage his previous business ownership experience as CEO. Sheth will use his business development background to add a sales force and grow Michigan Woodwork’s sales.

“Our team could not be more excited about this acquisition!” says Bedi, who engaged
with Garrett Monroe of Calder Capital, which served as mergers and acquisitions advisor to Michigan Woodwork. “Garrett Monroe was the linchpin, keeping all parties engaged and the process flowing.”

Michigan Woodwork produces kitchen cabinets for multi-family residences, with three brands: Kultur, Unique Cabinetry, and OC Only Cabinetry. It also operates a component manufacturing business, handling panel processing for large-scale projects, providing overflow assistance to other cabinet manufacturers who may need increased machining capacity. On-site inventory management is also offered, with just-in-time manufacturing and project scheduling integration with customers. 


More Industry & Trend News

  • Häfele Will Now Be Distributing Century Components Line

    May 31, 2023

  • What Do the New Home Depot and Lowe’s Results Mean for the Building Business?

    May 31, 2023

  • You’re In to Win with North American Woodworking’s Largest Product Collection

    May 31, 2023

Apply to Exhibit

Grow your business at the premier global woodworking trade show.

Exhibit at IWF 2024

Show Hours & Location

International Woodworking Fair
August 6–9, 2024

8:30 AM–5:00 PM
8:30 AM–2:00 PM

Georgia World Congress Center
285 Andrew Young International Blvd
Atlanta, GA 30313

Get Industry News & IWF Updates

Subscribe to IWF Network News.

Subscribe Now

Terms & Privacy Policy

© 2020 International Woodworking Fair, LLC Terms of Use & Privacy Policy

3520 Piedmont Rd NE #350, Atlanta GA 30305 | (404) 693-8333

IWF 2024 Add to Calendar

Sync IWF 2024 with your favorite calendar program.

Notification Message

loading … please wait