EAGAN, MN, NEW YORK, NY and STAMFORD, CT — Affiliates of Saunders Karp & Megrue (SKM) and Trimaran Capital Partners (TCP) announced that they have entered into a definitive agreement to purchase Norcraft Companies LLC. Norcraft, based in Eagan, MN, is a manufactures, assembles and finishes kitchen and bathroom cabinetry. The total transaction value is approximately $315 million. Norcraft is being sold by Pfingsten Partners LLC and Goense, Bounds & Partners LLC. Norcraft's senior management will continue in their current positions, with Mark Buller joining the company as the new CEO. Mr. Buller has over 15 years of management experience in the cabinetry industry. SKM and TCP will be investing as partners alongside senior management and Mr. Buller.
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