March 04, 2011
Toronto - Signal Hill Equity Partners ("Signal Hill") announced today that it has completed the acquisition of Westridge Cabinets Ltd. ("Westridge" or the "Company"), a leading Alberta-based manufacturer of kitchen cabinetry.
"We are delighted to invest in Westridge and work with the Company's management team to support its growth plans," said James C. Johnson, Managing Partner, Signal Hill. "Westridge has shown an impressive track record of success and customer service and we are eager to carry on its tradition of excellence."
"Our partnership with Signal Hill is a major step in our continuing growth as a leader in Alberta's cabinet manufacturing industry. We are looking forward to working with Signal Hill to improve our current position and expand across Western Canada," added Eric Potter, Chief Operating Officer of Westridge.
Established in 1983 Westridge Cabinets has grown to become Alberta's largest fully-integrated cabinet manufacturer. With a broad product range and a reputation for delivering a well crafted, quality product Westridge Cabinets has been successful in serving both the new home construction and renovation segments of the market.
Westridge Cabinets' head office and 140,000 sq. ft. manufacturing facility is centrally located and ideally positioned to serve every major market in Alberta and beyond. Westridge Cabinets has showrooms and localized design, service and installation centres in Red Deer, Edmonton, Calgary and most recently, Lethbridge. Westridge Cabinets directly employs approximately 300 skilled men and women across the province.
Signal Hill Equity Partners
Signal Hill Equity Partners is a Toronto-based private equity firm managed by experienced investors and business operators, focusing on Canadian mid-market companies. The Signal Hill team has completed over 50 transactions across a variety of industries including financial services, specialty distribution, business services and manufacturing businesses. Members of the Signal Hill team have partnered and worked with management teams to build some of the most successful businesses of their kind in Canada and the United States.
Signal Hill Equity Partners is currently investing its second private equity fund, a $100 million fund that can be invested at its discretion in mid-market Canadian companies.
For more information contact:
Signal Hill Equity Partners Inc.
4 King Street West, Suite 1000
Toronto, Ontario, M5H 1B6
James C. Johnson, Managing Partner