PRESS RELEASE

from GHK Capital Partners (NASDAQ:MBC)

GHK Capital Partners LP Completes the Sale of Supreme Cabinetry Brands

GREENWICH, CT / ACCESSWIRE / July 15, 2024 / GHK Capital Partners LP ("GHK"), a leading middle-market private equity firm, announced today that it recently completed the sale of Supreme Cabinetry Brands Inc. ("Supreme") to MasterBrand, Inc. (NYSE:MBC) ("MasterBrand") for $520 million in cash. Supreme, based in Howard Lake, MN, is one of the largest manufacturers of premium residential kitchen and bath cabinetry in the U.S. Supreme was acquired by GHK in October 2019.

Gil Klemann, Managing Partner of GHK, said, "Since our acquisition nearly five years ago, Supreme has transitioned from a second-generation family-owned business into a leading manufacturer of premium cabinetry, selling its design-forward, best-in-class products nationwide. It has been a privilege to partner with Tony Sugalski and his team on this journey, and I am confident the business will continue to thrive as part of MasterBrand's market-leading portfolio of cabinet solutions."

"We are immensely proud of Supreme's achievements and transformation under GHK's ownership," commented Tony Sugalski, CEO of Supreme Cabinetry Brands. He added "The GHK team has been an invaluable strategic partner that we have truly enjoyed working alongside. We are excited about the next phase of Supreme's growth with MasterBrand."

Jefferies LLC acted as lead financial advisor, and Harris Williams LLC acted as financial advisor to Supreme on the transaction. Davis Polk & Wardwell LLP and Fredrikson & Byron, P.A. acted as legal counsel to Supreme on the transaction.

About Supreme Cabinetry Brands

Supreme Cabinetry Brands, Inc. is one of the largest manufacturers of residential cabinetry in America with a beautiful portfolio of product lines significantly focused on the premium cabinetry segment. With manufacturing facilities located in Minnesota, Iowa and North Carolina, Supreme Cabinetry Brands, with its two iconic brands, Dura Supreme and Bertch cabinetry, craft framed and frameless cabinetry for a nationwide network of dealers. For more information, visit www.supremecabinetrybrands.com.

About GHK Capital Partners LP

GHK is a leading middle-market private equity firm focused on making control investments in industrial companies across North America. For more information about GHK, please visit www.ghk.com.

About MasterBrand

MasterBrand, Inc. (NYSE: MBC) is one of the largest manufacturers of residential cabinets in North America and offers a comprehensive portfolio of leading residential cabinetry products for the kitchen, bathroom, and other parts of the home. MasterBrand products are available in a wide variety of designs, finishes and styles and span the most attractive categories of the cabinet market: stock, semi-custom and premium cabinetry. These products are delivered through an industry-leading distribution network of over 4,400 dealers, major retailers and builders. MasterBrand employs over 12,000 associates across more than 20 manufacturing facilities and offices. Additional information can be found at www.masterbrand.com.

Contact Information

Contact: info@ghk.com for more information or visit https://www.ghk.com.
info@ghk.com

SOURCE: GHK Capital Partners LP

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