SAN ANTONIO, TX - Nov 11, 2011 - HIG Capital made a significant investment in Cardell. Cardell is a leading manufacturer, marketer, distributor, and designer of quality semi-custom bath and kitchen cabinetry. For over 30 years, Cardell has been offering innovative designs, a compelling value proposition, and a wide breadth of quality products to its customers. Through its state of the art manufacturing facility in San Antonio, TX, Cardell services a distinguished customer base of hundreds of distributors and dealers nationwide. Cardell offers one of the largest product selections in the industry through its Spectrum 360, Odyssey, and Advantage collections.
Richard Stokes, Managing Director of HIG Capital, added, “We are pleased to support Cardell and Bill Tidwell during the next period of growth. We have had previous success investing in the cabinet sector, and were well aware of Cardell’s strong reputation as one of the leading dealer-distributor focused suppliers in the United States. We were impressed with Cardell’s well-earned position as a leading, semi-custom cabinet supplier to hundreds of dealer-distributors countrywide, and believe Cardell will outperform its peers as new housing construction and remodelling activity recover in the coming years.”
HIG Capital is a leading global private equity investment firm based in Miami. The firm has more than $8.5 billion of capital under management. HIG specializes in providing capital to small and medium sized businesses and has offices in Atlanta, Boston, New York and San Francisco, as well as Hamburg, London and Paris in Europe.
Have something to say? Share your thoughts with us in the comments below.