Custom Millwork Manufacturer - Southeast US

This established custom millwork manufacturer, located in the Southeast US, specializes in high-quality custom millwork products including cabinets, countertops, feature walls, wall panels, desks, and ceiling elements. The company has demonstrated impressive financial growth, with revenue and adjusted EBITDA growing at compound annual growth rates (CAGRs) of 26.3% and 122.2%, respectively, from 2021 through the trailing twelve months (TTM) ending June 30, 2024. Revenue saw a 29.5% increase from 2022 to 2023, supported by strong gross profit margins averaging 64.5% from 2021 to 2023. A significant backlog of $1.75 million as of July 22, 2024, and 90% repeat customer revenue in 2023 highlight its market position and customer satisfaction. The business operates from a 10,000 sq. ft. leased facility and services the commercial construction industry. Opportunities for further growth include developing custom-printed MDF panels, medical/mobile cabinets, enhancing online visibility through SEO, reconfiguring the facility, and expanding into the residential market. The current owners are seeking retirement and are willing to provide a transition period.