E. Kinast Distributors is a second generation family-owned, wholesale distributor of products sold to professional design and construction firms. With distribution throughout the upper Midwest, EKD's core products include quality laminates and solid surfaces used for countertops, a broad range of functional cabinet hardware, along with a line of wood stains and finishes. PPC was engaged to explore financing and strategic alternatives for the business which operated out of an 84,000 square foot facility owned by the family in suburban Chicago. Canadian-based Richelieu Hardware (Toronto Stock Exchange: RCH) offered the most attractive acquisition package for the owners of EKD, including a lease arrangement allowing the family to retain ownership of the building.
Promontory Point Capital
is a Milwaukee-based investment banking
boutique focused on the needs of privately-held businesses. We are
introduced to dozens of companies each year by lenders, lawyers, and
other advisors who have clients seeking to better understand their
options relative to growth, financing, or ownership transition alternatives.
Situations where we have been helpful include:
- Companies over-extended with their current lender or bank group,
including forbearance situations.
- Under-capitalized businesses needing an injection of “junior”
capital beyond bank debt.
- Business owners and management teams wishing to better understand
their options relative to ownership liquidity strategies or financing alternatives.
- Growth orientated companies requiring financing for expansion.
- Funding needed to finance acquisitions, shareholder redemptions,
We welcome your confidential inquiry and encourage you to visit our website at
www.promcp.com for more information on our firm's capabilities and other client successes.
322 East Michigan Street, Suite 500
Milwaukee, WI 53202