HOWARD LAKE, MN – Dura Supreme Cabinetry has been acquired by GHK Capital Partners, a Greenwich, CT-based, private equity firm. GHK’s acquisition of Dura Supreme will enable the company to build upon its strong operating platform and accelerate its strategic growth plans in new markets across the U.S., the firm reports.
“GHK brings operational expertise and capital strength to this partnership, establishing a valuable strategic platform to accelerate our growth and our ability to create innovative and highly desired premium cabinetry for our customers. We are excited about the potential this new business partnership fosters,” commented Perry Fails, Dura Supreme president and COO.
“We are extremely pleased to partner with the Dura Supreme team to build upon the company’s highly-regarded cabinetry brand and 60-year heritage serving designers and homeowners with premium cabinetry,” said Gil Klemann, managing partner of GHK.
Karen Wistrom, v.p. of Sales & Marketing for Dura Supreme shared, “With Dura Supreme’s portfolio of semi-custom to custom cabinetry in framed and frameless construction, the partnership with GHK strengthens our competitive advantages and our ability to pivot quickly in meeting the needs of our customers and dealers.”
As part of the transition, Tony Sugalski has joined the company as chief executive officer. In addition, Perry Fails has been named president alongside his current role as chief operating officer. All key senior executives are remaining with the company going forward.
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