Republic Buys Legacy Cabinets
Republic Buys Legacy Cabinets
Marshall, TX H.I.G. Capital, L.L.C., a Miami-based capital group
and financial partner of Republic Industries, Inc., has added
Legacy Cabinets, L.L.C. to the Republic National Cabinet Group, the
company announced.
The addition of the Talladega, AL-based Legacy Cabinets, which
comes on the heels of the acquisition earlier this year of 32mm
manufacturer Sunshine Kitchens, brings the group's combined annual
sales volume to more than $115 million, according to corporate
officials.
Additional cabinet company acquisitions are planned as part of a
growth strategy aimed at diversification of inventories, price
levels and end-user markets, said Sami Mnaymneh, managing director
of H.I.G. Capital, L.L.C, and Gene Ponder, president of Republic
Industries, headquartered here.
Legacy Cabinets, founded in 1994, produces wood cabinetry that is
sold primarily through dealers and distributors in the eastern
U.S.
The company's founders and management, including president Rodney
Suggs, will remain with the company, said Ponder, adding that
Republic intends for each entity to retain its own identity.
