Homewerks Worldwide, which makes private label and branded kitchen, bathroom and plumbing products, has garnered a big investment from private equity firm H.I.G. Capital. H.I.G. has provided a $44 billion infusion of equity capital.
H.I.G said it would be working with Homewerks founder and CEO Peter Berkman and his management team to provide capital and resources to take advantage of the company’s strategic growth initiatives, new product development and consolidation opportunities across the fragmented home improvement industry.
“We believe Homewerks represents an ideal opportunity to invest in a differentiated, best-in-class distributor serving the highly attractive kitchen, bathroom, and plumbing home improvement categories,” said Ryan Kaplan, managing director at H.I.G. “We are looking forward to partnering with Peter and the rest of his talented executive team as they lead the organization through a new phase of organic and inorganic growth.
By: David Salazar
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