High-End Cabinet and Custom Millwork Manufacturer and Installer

Investment Highlights: • Backlog of Signed Contracts: As of March 2022, the Company backlog totaled $6,246,000, including two senior living facility projects valued at $854,000 and $760,000, respectively and a hotel contract valued at $3,197,000. • Tenured Personnel, Non-Owner Management Team in Place: Ownership is not heavily involved in the business. No client relationships rest with ownership. Key managers run daily operations. • Strong Client Relationships: The Company has many strong customer relationships, an extremely high rate of customer retention, and a strong flow of repeat and referrals Headquartered in Arizona, the Company is a high-end cabinet and custom millwork manufacturer and installer. Products and services include design/build, custom fixtures, commercial casework, architectural millwork, doors/casings/jambs, and finishing. In 2021, revenue was derived from production of millwork (75%), subcontracted buyouts for metal work (14%), and installation (11%). The Company primarily works in the commercial sector in Arizona, but is also licensed to work in California. The Company has invested heavily in automation and uses technology in manufacturing and other processes such as scheduling and communication. Automating processes has helped the Company overcome limitations from skilled labor shortages. Location: Phoenix, Arizona