LongWater Opportunities Announces Acquisition of Lewis Cabinet Specialties

LONGWATER OPPORTUNITIES ANNOUNCES ACQUISITION OF LEWIS CABINET SPECIALTIES

 
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Tremonton, Utah, October 5, 2018 – LongWater Opportunities, an operationally-focused private equity firm headquartered in Dallas, Texas, is pleased to announce the acquisition of Lewis Cabinet Specialties Group, LLC (“Lewis Cabinet” or the “Company”), a manufacturer of custom cabinets, from the Lewis family, who founded and have managed the business since its inception in 1990.

Lewis Cabinet is a highly-automated custom cabinet manufacturer located in Tremonton, Utah, serving residential and commercial customers throughout the United States. The Company manufactures fully customizable and made-to-order cabinet doors and drawer faces, cabinet boxes and dovetail drawer boxes. The Company’s world-class manufacturing and automation capabilities allow them to offer industry-leading five-day lead times while maintaining first-class quality and customer service. In addition, Lewis Cabinet’s online ordering process is completely automated and provides a smooth and intuitive interface for customers to fully customize the materials and construction of their cabinets. The Lewis Family credits the Company’s success to their entire team’s willingness to buck traditional industry practices and focus on how technology can revolutionize their industry. By focusing on ease of online ordering, rapid industry-leading turnaround times, premium quality, significant optionality and customization and first-class customer service, the Lewis Family was able to build a formidable enterprise that is disrupting the way cabinets are designed, ordered and manufactured.

Lewis Cabinet’s President and Co-Owner, Bobby Lewis, noted, “It was important for my family to find a partner who would support the growth of our business, build on the Company’s legacy, and take care of our employees, which is why we chose to partner with LongWater. Their experience growing American manufacturing businesses is a great match for the needs of our company. We’re very excited about the future of Lewis Cabinet.”

Lewis Cabinet is the sixth investment in LongWater’s second equity fund. Jordan Bastable, a Partner at LongWater, commented, “The team at Lewis Cabinet has built an impressive business through their focus on quality and customer service and their investments in technology. We are thrilled to have the opportunity to partner with the Lewis family and help them continue to grow their great organization.”

About LongWater Opportunities

LongWater Opportunities, headquartered in Dallas, Texas with an office in Fargo, North Dakota, is an operationally-focused private equity firm that targets control buyout equity investments in lower middle market U.S.-based manufacturing companies in partnership with family owner-operators and entrepreneurs. LongWater was founded in 2009 with a vision to create a different kind of private equity firm – one that centers on mutually aligned interests and investing patient capital to build successful American manufacturing businesses. LongWater recognizes that long-term value is created through taking a hands-on approach with its portfolio companies to identify and execute strategic and operational initiatives that create sustainable competitive advantages.

For more information, please visit longwateropportunities.com.

Philip Lea