April 29, 2022 | Bill Esler
Greenwich, CT—Supreme Cabinetry Brands owners GHK Capital Partners received $410 million in capital for launch of investment fund—$60 million more than expected.
GHK’s acquisition of Supreme Cabinetry Brands was supported by previous funding, and began with the acquisition of semi-custom cabinetry manufacturer Dura Supreme Cabinets in Howard Lake, MN, and most recently the purchase of Bertch Cabinet in 2021.
This is the first private equity fund raised by GHK, which targets control investments in performing middle-market industrial companies across North America. GHK was founded in 2018 by Gilbert H. Klemann following a 17-year career at Goldman Sachs where he led controlling private equity investments across various North American end-markets. The majority of the GHK investment team joined him from Goldman Sachs.
“We believe this successful capital raise is a testament to our differentiated value proposition and the exceptional team we have built over the last four years,” Klemen says.
The Fund’s investor base consists of a diverse group of insurance companies, financial institutions, funds of funds, public and corporate pension plans, and high net worth families. The Fund already has investments, including ITS Logistics, which provides key services required by wood products firms, such as shipping brokerage, dedicated fleet transportation, and omnichannel distribution and fulfillment services.
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