Ropes & Gray Advises acpi® on its Acquisition of Masco Cabinetry
Ropes & Gray advised acpi®, a portfolio company of American Industrial Partners, on its agreement to acquire Masco Cabinetry, a division of Masco Corporation, and a related refinancing. The transaction was announced on November 15 and is expected to close in the first quarter of 2020. The press release can be found here.
Masco Cabinetry, which has been in the kitchen and bath cabinetry business for over 70 years, operates under brands such as KraftMaid®, Merillat®, Quality CabinetsTM, and Cardell®. Headquartered in The Colony, Texas, acpi® is the 4th largest, and largest independently-owned, manufacturer and distributor of cabinets in the United States.
The Ropes & Gray team that advised acpi® was led by private equity partners Daniel Evans and Bob Rivollier (both of New York), and included finance partner Stefanie Birkmann (New York), tax partner Benjamin Rogers (San Francisco), mergers & acquisitions partner Michael Littenberg (New York), benefits partner Allie Alperovich (New York), benefits partner Danna Kivell (New York), labor and employment partner Megan Bisk (Boston), real estate partner Peter Alpert (Boston) and private equity associate Samuel Levitt (New York) and finance associate Daniel Coyne (Boston).