Press Release
March 13, 2024

Holland & Knight Advises StoneCreek Capital in Independent Sponsor Investment of U.S. Cabinet Depot

NEWPORT BEACH, Calif. (March 13, 2024) – Holland & Knight advised StoneCreek Capital, an independent sponsor, in connection with an investment in U.S. Cabinet Depot (USCD), a wholesaler distributor of ready-to-assemble kitchen and bath products, alongside The Riverside Company, a global private investment firm, and MERK Capital Corporation, a private equity firm. Terms of the transaction, announced on March 11, were not disclosed.

USCD has experienced tremendous growth, and this investment will enable USCD to accelerate domestic expansion efforts.

With offices in Fort Worth, Texas, and Newport Beach, California, StoneCreek Capital is an independent private equity sponsor focused on acquiring companies with $3 million to $15 million in earnings before interest, taxes, depreciation and amortization (EBITDA), with the ability to pursue larger transactions, in a variety of industries. StoneCreek has sponsored the acquisition or recapitalization of more than 45 companies, with over 20 as independent sponsor transactions.

Based in Marietta, Georgia, USCD sells premium quality cabinetry and related accessories at a value price point to a diversified base of kitchen and bath dealers and home builders.

Holland & Knight Partner Bryan Gadol, head of the California Corporate, M&A and Private Equity practice, led the firm's representation of StoneCreek Capital. He was assisted by Partner Scott Syverson.

More information on the transaction can be found here.

Holland & Knight's full-service Independent Sponsors Team advises independent sponsors, single-check equity backers, co-investors and debt financing sources in connection with all facets of independent sponsor transactions, including acquisitions, majority and minority equity investments, ongoing portfolio company maintenance and capitalization work, and exits.

Holland & Knight regularly ranks among the in reputable, benchmarking league tables published by Bloomberg, LSEG (formerly Refinitiv), Mergermarket, PitchBook and The Deal. In 2023, the firm ranked among the top five most active law firms in the U.S. and top 10 globally for its work in the space. Through the Deal FlowSM program, Holland & Knight facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.

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