EDMONTON, Alberta — KV Capital Inc. has partnered with Benson Cabinetry and Millwork Ltd., a Saanichton, British Columbia-based maker and supplier of custom millwork and cabinetry for Canadian housing developments.

Aleem Virani, CEO of KV Capital, said that this alliance is a further advance by the firm's private equity division as it implements its strategy of collaborating with suppliers to Canada’s real estate development industry.

Founded in 1976, Benson will continue to be managed by Tim and Natalie Benson. From its manufacturing facility in southern Vancouver Island, the company supplies cabinetry and millwork solutions to developers of multi-residential projects.

Tim Benson, the company’s president, commented: “This is a most significant step for us. We have secured a partner who not only has thorough knowledge of our business, but of the entire housebuilding sector. KV Capital will deepen our capital base and bolster our management capabilities. That will not only help us to expand further, but will be key to maintaining and even improving the quality and service for which we are well-known.”

Virani added, “Benson Cabinetry and Millwork is a crucial enabler for the continuing growth of Canada’s housing industry. We are proud to have them as a partner and look forward to working with Tim, Natalie, and their colleagues in an all-Canadian collaboration that aims to help build new homes that are practical, comfortable, and beautifully fitted out.”

According to KV, this deal is the second of what is expected to be a series of transactions on behalf of KV Private Equity Fund III, a limited partnership for Canadian investors who wish to participate in the growth of the domestic housing construction industry. KV Capital said it invites all inquiries regarding KV Private Equity Fund III, as the fund remains in active deployment.