KAMBIUM

Quazar is pleased to announce that Kambium, Inc. (“Kambium”) has been sold to an Undisclosed Financial Buyer. Quazar advised Kambium in the transaction.

After starting Kambium over two decades ago, the Shareholder made the decision to transition the business to new ownership in order to spend more time with his family and to be able to do more traveling. The Shareholder of Kambium made a strategic decision to find an investor who would continue to grow the business and also operate the business; this would accomplish his goals of leaving the employees in good hands while being able to transition out of the business. He chose Quazar as his M&A Adviser primarily due to Quazar’s experience, extensive network, industry experience, and reputation for successfully working with privately held businesses in the brokerage marketplace.

“Maintaining confidentiality was of the utmost importance to me, so I asked Quazar to discretely approach a few buyers who they believed would maintain the culture of the company and be able to bring a new vision for growth. Quazar quickly identified an interested qualified buyer, and we hit it off right away. Quazar ultimately negotiated a favorable price and terms without overexposing the business. When we hit potential roadblocks along the way, Quazar was always quick to offer up solutions.” – Mike Curry, Former Owner of Kambium, Inc.

Kambium, Inc. (kambium.com) was founded in 1997 by Mike Curry and another Partner. Since then, the business has grown significantly and is known today as a premiere manufacturer of residential and commercial millwork, casework, store fixtures, closet systems, and cabinet components. The Company is based out of Lakeville, Minnesota.

Quazar (quazarinc.com) is a Minneapolis-based Investment Bank founded in 1990. Quazar specializes in working with privately-held businesses within various industries, including: manufacturing, distribution, business services, technology, and consumer. Quazar provides both sell-side and buy-side advisory services to companies in the lower middle and middle-market.