April 02, 2024
Croft & Bender Advises U.S. Cabinet Depot
Croft & Bender, an Atlanta-based investment banking firm, is pleased to announce the successful sale of its client, U.S. Cabinet Depot (“USCD” or the “Company”), to The Riverside Company (“Riverside”).
Established in 2012 and headquartered in Marietta, GA, USCD is a leading national wholesale distributor of ready-to-assemble ("RTA") kitchen and bath cabinets and accessories, primarily serving the residential remodel market. The Company sells premium quality cabinetry and related accessories at a value price point to a diversified base of kitchen and bath dealers and home builders. USCD manages a global supply chain and fulfills deliveries on a timely manner through multiple distribution facilities across the United States. The Company’s extensive product offering, efficient supply chain, and superior service differentiate the Company from its competitors.
Steven Xu, who will continue to serve as CEO and remains a significant shareholder in the Company, commented, “USCD has experienced tremendous growth since inception approximately 12 years ago, and this partnership with Riverside will help accelerate our domestic expansion efforts. Our team looks forward to building upon USCD’s strong existing leadership position in the RTA cabinetry market. Riverside is a fantastic partner for the Company, and I am excited about this next chapter.”
“We are thrilled to be investing alongside Steven and partnering with him and his management team that have built USCD into a leading player in the value-end of the kitchen & bath cabinetry industry,” said Riverside Managing Partner Sean Ozbolt. "The Company’s success to date is impressive, and we plan to capitalize on the strong momentum that USCD enjoys through differentiated capabilities in supply chain management, quality control, relationship development and customer service.”
Riverside Partner Andy Fohrer added, “USCD is well-positioned in a favorable segment of the cabinetry market with compelling long-term tailwinds as it plays an important role in supplying high-quality product at an entry-level price point for repair & remodel and new build applications."
Croft & Bender served as the exclusive financial advisor to U.S. Cabinet Depot throughout the transaction. “In just over a decade, the USCD team has impressively built a leader in the RTA kitchen and bath cabinetry distribution segment,” commented Erik Zalenski, Croft & Bender Managing Director. “We are excited to watch the next chapter of growth for the Company in partnership with Riverside.”
For more information, please contact Erik Zalenski or Connor Boston.