Crystal Kitchen & Bath Acquired by Merit Management Group in Strategic Move
Deal News | Feb 03, 2025 | Generational Equity
Generational Group, a prominent advisory firm, has announced the successful acquisition of its client, Crystal Kitchen & Bath, by Merit Management Group. Based in Minnesota, Crystal Kitchen & Bath is renowned for its comprehensive design and remodeling services, having celebrated 50 years in the industry. The company boasts an extensive showroom and a team of certified designers. The buyer, Merit Management Group, operates from Iowa, specializing in acquiring mid-sized construction businesses, and aims to drive growth through effective management strategies. The acquisition finalized on January 3, 2025, was facilitated by Generational Group’s Executive Managing Director Michael Goss and his team. The deal aligns with both firms' goals to enhance business legacies and foster future innovations.
Sectors
- Mergers and Acquisitions Advisory
- Private Equity
- Home Improvement and Design
Geography
- United States – Crystal Kitchen & Bath is located in Minnesota, and Merit Management Group is based in Iowa, making this transaction relevant to the U.S. market.
Industry
- Mergers and Acquisitions Advisory – Generational Group operates in this industry by advising on the sale of Crystal Kitchen & Bath.
- Private Equity – Merit Management Group is a private equity firm specializing in the acquisition of businesses within the construction sector.
- Home Improvement and Design – Crystal Kitchen & Bath operates in this industry, providing design and remodeling services for kitchens and bathrooms.
Financials
- N/A – No specific financial information about the deal price or terms was disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Crystal Kitchen & Bath | Target Company | Company | A Minnesota-based leader in kitchen and bath design and remodeling services. |
| Merit Management Group | Bidding Company/Buyer | Company | An Iowa-based private equity firm specializing in the acquisition of mid-sized construction businesses. |
| Generational Group | M&A Advisory Firm | Company | A leading advisory firm facilitating the sale of privately held businesses. |
| Michael Goss | Executive Managing Director, M&A | Person | Led the team that closed the deal for Generational Group. |
| Ryan Binkley | CEO of Generational Group | Person | Commented on the strategic partnership resulting from the acquisition. |