Alexander City, AL, September 2020

Wellborn Forest, backed by HCI Equity Partners, announced it acquired De Pere Cabinet, Inc. (“DCI” or the “Company”) on September 16, 2020. Wellborn Forest is a manufacturer of semi-custom cabinets serving the single-family residential market. The acquisition of DCI provides Wellborn Forest with geographic expansion into the upper Midwest, enhanced customer diversification and a high quality, complementary product offering. Financial terms of the transaction were not disclosed.

Headquartered in De Pere, Wisconsin, DCI is a manufacturer of modular, semi-custom kitchen cabinets primarily for single-family residences. The Company’s cabinets are sold exclusively through dealer channels under the Countryside Cabinet brand name and offer customers a comprehensive collection of cabinetry to fit any style, project or budget. DCI’s unique, customer-driven manufacturing process provides the end user with a largely customizable selection of products and options at an attractive price point.

Tim Wellborn, CEO of Wellborn Forest, stated, “We are very excited about partnering with DCI. The Company has a great reputation in the industry with their Countryside Cabinet brand and we look forward to providing a broader product offering to our combined customer base”.

Dan Dickinson, HCI Managing Partner commented, “DCI is highly complementary to Wellborn Forest. It adds key new customer relationships and combines two exceptional teams with best in class capabilities in their respective markets.

McDermott, Will & Emery served as legal counsel to Wellborn. TKO Miller served as the financial advisor to De Pere Cabinet, Inc.

About Wellborn Forest

Wellborn Forest is a designer and manufacturer of semi-custom wood kitchen and bath cabinets serving the single-family residential market exclusively through the dealer channel. Wellborn is based in Alexander City, AL and its core geography is in the Southeastern and Eastern United States. For more information, please visit www.wellbornforest.com.