SLATE Partners (“SLATE”) announced that its Principals advised The Kitchen Showcase, Inc. (“TKSI” or the “Company”) on its sale to Ferguson Enterprises, LLC (“Ferguson”), the largest U.S. distributor of residential and commercial plumbing supplies.
Founded in 1984 and headquartered in the Denver suburb of Centennial, Colorado, TKSI is a leading kitchen and bath design center, providing design services, procurement, and installation of cabinets and hardware, as well as procurement of countertops and appliances for kitchen, bath, outdoor living, and other home applications. With more than 18,000 square feet of state-of-the-art showroom and warehouse space, TKSI serves homebuilders, remodeling contractors, and homeowners across the the Front Range of Colorado. TKSI’s market leadership is built on a customer-centric culture of accountability, and powered by technology-enabled infrastructure and proprietary software that deliver superior results.
Jason Munoz, Managing Partner at SLATE Partners, commented, “Residential remodeling and new construction activity have been two bright spots in the turbulance of the past 18 months. TKSI’s strong customer relationships, domestic supply chain, and industry-leading technology have allowed the Company to dynamically respond to changing market conditions and thrive as demand has rapidly accelerated. With the support and resources of Ferguson behind them, TKSI is well-positioned to continue its growth and build upon the Pfaff family’s legacy.”
Jason Pfaff and Jeremy Pfaff, shareholders of TKSI, noted, “We selected SLATE as our investment banking partner due to their building products and building services expertise. SLATE ran a targeted and efficient process that introduced TKSI to the key players in our industry. Furthermore, SLATE provided a full transaction team to take on critical transaction demands and meet our timing goals, while providing patient and thoughtful counsel from beginning to end. The result was an outstanding outcome for the shareholders of our multi-generational family business, as well as for TKSI’s associates, all of whom will have numerous opportunities for growth within the Ferguson organization. We appreciate SLATE’s guidance and are excited about TKSI’s future with Ferguson.”
TKSI received legal representation in the transaction from Sherman & Howard L.L.C. and accounting advisory from Brinkerhoff Revening & Corrigan, PC.
