M&A
confidence high
sentiment positive
materiality 0.85
MasterBrand to acquire Supreme Cabinetry Brands for $520M cash; Q3 2024 close expected
MasterBrand, Inc.
- Purchase price $520M cash; multiple ~8.9x Supreme's adj. EBITDA pre-synergies, ~5.9x post-synergies.
- Annual cost synergies of $28M expected by end of year three; deal accretive to adjusted diluted EPS in first full year.
- Supreme adds premium cabinetry brands, expands dealer network; transaction subject to HSR and customary conditions.
- Termination fee of $25M payable by MasterBrand if antitrust conditions fail to close by extended deadline.