F.N.B. Capital Partners, L.P. (“FNBCP”) has made a mezzanine debt and equity investment in Kitchen Cabinet Distributors (“KCD”). FNBCP partnered with Ninth Street Capital Partners (“Ninth Street”) and KCD’s founders Richard and Pauline Gambill to facilitate the transaction and position the company for further growth. Founded in 2005 and based in Raleigh, NC, KCD is the premier importer and distributor of affordable framed style cabinetry. The company’s manufacturing process utilizes the highest quality materials and craftsmanship to produce finely crafted cabinets at industry leading prices. The company sells its products to cabinetmakers, dealers, remodelers, and builders throughout the U.S. More information can be found by visiting the Company’s website at www.kcdus.com.
F.N.B. Capital Partners Announces
Partnership with Kitchen Cabinet Distributors
Pittsburgh, PA – March 18, 2014 – FNBCP is pleased to announce the closing of an investment in KCD. FNBCP provided a mezzanine debt and equity investment to partner with Ninth Street Capital Partners (“Ninth Street”) and KCD’s founders Richard and Pauline Gambill.
“We have a lot of confidence in Ninth Street and their ability to grow KCD alongside the existing team,” noted Stephen Gurgovits, Jr., Managing Partner at FNBCP. “The Gambill’s have a long history of delivering quality and service to the cabinetry marketplace. We believe that this partnership will best position KCD to take advantage of the rebounding demand for building products in the U.S.” Tyson Smith, Partner at FNBCP, added “our other valued partner on this transaction was Buchanan Ingersoll & Rooney who acted as legal counsel.”
Ninth Street is a private investment partnership specializing in acquiring, managing, and growing established businesses. With a focus on executing deals with the highest degree of integrity, Ninth Street makes long-term controlling investments in growth-oriented, privately held businesses with revenues of $5 to $50 million. More information can be found at www.ninthstreetcapital.com.