Cardell Cabinetry Receives Equity Stake
November 13, 2011 | 1:33 pm CST

Cardell Cabinetry Receives Equity StakeSAN ANTONIO, TX  - Cardell Cabinetry has received a "significant investment:" from Miami-based private equity firm, H.I.G. Capital.

H.I.G. Capital Holdings
All American Group
American Hardwood

Cardell Cabinetry
Innovative Building Systems
Linden Lumber
Republic Industries
Signature Aluminum
Thermal Industries
Witex Flooring Products

It is H.I.G. Capital's second equity stake in Cardell Cabinetry, since November 2010, when H.I.G. first invested in the San Antonio, Texas-based  semi-custom bath and kitchen cabinetry manufacturer, marketer, distributor, and designer.

Cardell Cabinetry, established 30 years ago, operates a large state of the art manufacturing facility in San Antonio and sells through hundreds of distributors and dealers nationwide under the Spectrum 360, Odyssey, and Advantage cabinetry design labels.

In announcing the new equity position, Richard Stokes, managing director of HIG Capital, said,  "Cardell [Cabinetry] will outperform its peers as new housing construction and remodelling activity recover in the coming years.”

HIG Capital has more than $8.5 billion of capital under management and specializes in providing capital to small and medium sized businesses from its offices in Atlanta, Boston, New York, San Francisco, as well as Hamburg, London and Paris in Europe.

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