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Ravinia Capital Completes Sale of Seigle's Cabinet Center, LLC to Sims-Lohman, Inc. – PR Web


CHICAGO (PRWEB)
Ravinia Capital LLC, a Chicago-based boutique funding financial institution specializing in sell-side M&A advisory for middle-market firms, is happy to announce the sale of Seigle’s Cupboard Heart, LLC to Sims-Lohman, Inc.
Seigle’s Cupboard Heart, an Elgin-Illinois-headquartered distributor of cabinetry & counter tops with sturdy group ties courting again to its origins in 1881 because the Elgin Lumber Firm, has earned a number one repute within the Chicagoland area it serves for offering builders, remodelers, and householders alike with entry to high quality merchandise at aggressive costs with unparalleled high quality of service from its in-house design & supply groups and contracted set up companions.
On account of the transaction, Seigle’s central distribution warehouse and 4 current retail showrooms will present Cincinnati-based Sims-Lohman with a sturdy entry into the Illinois market, becoming a member of the 4 distribution facilities, 20 showrooms, and 6 countertop manufacturing amenities already operated by the latter firm in six further states all through the East North Central, East South Central, and Northeast areas of the United Sates.
Talking to how he hopes the enterprise will profit, Mark Seigle, President of Seigle’s Cupboard Heart, defined, “Again in 2020 we started exploring an possession succession plan for Seigle’s. We set our sights on a strategic business purchaser that was privately held, would broaden our product providing and enhance our processes by means of expertise and automation.” Additional sharing his ideas on this purchaser, Mark continued, “We’re enthusiastic about the way forward for Seigle’s below Sims-Lohman’s possession. Collectively we are going to proceed to Hold Guarantees, Ship Worth and Be the Finest,” making reference to the Seigle’s Cupboard Heart motto, which he additional explains “is our clients’ assurance of nice merchandise at aggressive costs with unparalleled service.”
Mirroring parallel enthusiasm from his aspect of the deal, Sims-Lohman CEO, John Beiersdorfer affirmed, “we’re very excited to welcome Seigle’s staff members and clients to the Sims-Lohman household.”
The skilled advisors on the transaction had been:
Vendor’s Funding Banker

Vendor’s Counsel

Purchaser’s Counsel

About Ravinia Capital:
Ravinia Capital LLC is a middle-market funding financial institution headquartered in Chicago, IL. The agency is a trusted advocate for firms who need to supply capital to put money into future progress; purchase extra time in robust conditions; or facilitate succession, possession transition, or exit methods. Ravinia makes a speciality of merger and acquisition advisory providers, capital raises (together with debt refinancing), and serving to shoppers develop and execute strategic motion plans. The agency has distinguished itself by means of incomes a repute for efficiently working with shoppers to grasp their distinctive circumstances and profit from the vary of potential choices obtainable to them.
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