CHICAGO (PRWEB) August 30, 2022
Ravinia Capital LLC, a Chicago-based boutique investment bank specializing in sell-side M&A advisory for middle-market companies, is pleased to announce the sale of Seigle’s Cabinet Center, LLC to Sims-Lohman, Inc.
Seigle’s Cabinet Center, an Elgin-Illinois-headquartered distributor of cabinetry & countertops with strong community ties dating back to its origins in 1881 as the Elgin Lumber Company, has earned a leading reputation in the Chicagoland region it serves for providing builders, remodelers, and homeowners alike with access to quality products at competitive prices with unparalleled quality of service from its in-house design & delivery teams and contracted installation partners.
As a result of the transaction, Seigle’s central distribution warehouse and four existing retail showrooms will provide Cincinnati-based Sims-Lohman with a robust entry into the Illinois market, joining the four distribution centers, 20 showrooms, and six countertop manufacturing facilities already operated by the latter company in six additional states throughout the East North Central, East South Central, and Northeast regions of the United Sates.
Speaking to how he hopes the business will benefit, Mark Seigle, President of Seigle’s Cabinet Center, explained, “Back in 2020 we began exploring an ownership succession plan for Seigle’s. We set our sights on a strategic industry buyer that was privately held, would broaden our product offering and improve our processes through technology and automation.” Further sharing his thoughts on this buyer, Mark continued, “We are excited about the future of Seigle’s under Sims-Lohman’s ownership. Together we will continue to Keep Promises, Deliver Value and Be the Best,” making reference to the Seigle’s Cabinet Center motto, which he further explains “is our customers’ assurance of great products at competitive prices with unparalleled service.”
Mirroring parallel enthusiasm from his side of the deal, Sims-Lohman CEO, John Beiersdorfer affirmed, “we are very excited to welcome Seigle’s team members and customers to the Sims-Lohman family.”
The professional advisors on the transaction were:
Seller’s Investment Banker
- Ravinia Capital LLC – Tom Goldblatt, Managing Partner; David Hirschfield, Managing Director; Michael Shanahan, Analyst
Seller’s Counsel
- Dykema Gossett PLLC – Gary P. Segal, Member; Dylan Robinson, Associate
Buyer’s Counsel
- Katz, Teller, Brant & Hild, L.P.A. – Matthew J. Miller, Attorney; Gabriel J. Kurcab, Attorney; Alexandra Horwitz, Attorney
About Ravinia Capital:
Ravinia Capital LLC is a middle-market investment bank headquartered in Chicago, IL. The firm is a trusted advocate for companies who are looking to source capital to invest in future growth; buy more time in tough situations; or facilitate succession, ownership transition, or exit strategies. Ravinia specializes in merger and acquisition advisory services, capital raises (including debt refinancing), and helping clients develop and execute strategic action plans. The firm has distinguished itself through earning a reputation for successfully working with clients to understand their unique circumstances and make the most of the range of possible options available to them.
