NSCP invests in Cabinets By Design
CLEVELAND, OH – April 18, 2018 – Ninth Street Capital Partners (NSCP) is pleased to announce the closing of an investment in Cabinets By Design (CBD), a Metro Atlanta based commercial millwork manufacturer specializing in educational, laboratory science, and healthcare casework. NSCP partnered with CBD’s owner, Fariborz Vakili (Fari) as well as Tecum Capital Partners to complete the acquisition and will add CBD to its family of millwork companies, which operate under the parent company USA Millwork. Terms were not disclosed.
“We are excited to partner with Fari who shares our vision for a customer service oriented concept-to-completion manufacturer providing finely crafted products throughout the U.S.” said NSCP Managing Partner Michael Weiner. “CBD has provided premium designs and craftsmanship to the commercial millwork industry for over 24 years. The company’s focus on primary and secondary schools as well as healthcare facilities has enabled it to become a nationally recognized leader in the end markets it serves. By joining the USA Millwork family, CBD will be in a position to take advantage of the growing demand for educational, laboratory science, and healthcare millwork products throughout the U.S. In addition to giving USA Millwork a strong presence on the East Coast, CBD’s manufacturing capabilities gives USA Millwork the opportunity to serve more high volume projects.” said Weiner.
“NSCP continues to focus on expanding USA Millwork’s national footprint and sees many opportunities to grow the new partnership,” added Dickinson. With over 200,000 square feet of manufacturing space throughout the greater Denver, Atlanta, and Minneapolis markets, USA Millwork is positioned to serve the custom commercial millwork needs of general contractors, architects, and builders in every industry throughout the U.S.
McDonald Hopkins provided legal counsel on the transaction.
About Ninth Street Capital Partners
Ninth Street Capital Partners is an investment firm located near Cleveland, Ohio that was founded in 2009 to make lead investments in smaller middle market companies. Ninth Street takes a hands-on operational approach coupled with comprehensive financial capabilities to focus on growing niche-leading companies with revenues of $5 million to $50 million and EBITDA of $2 million to $10 million. More information on Ninth Street may be found at its website, www.ninthstreetcapital.com.