Moss Adams (via its affiliate Moss Adams Capital LLC) acted as the exclusive financial advisor to Hoskin & Muir, doing business as HMI Cardinal, in its sale to The Riverside Company, a middle-market investment firm with over $7 billion under management.
HMI Cardinal is one of the nation’s largest custom shower enclosure manufacturers and has a rapidly growing commercial storefronts operation. The company has over 580 employees, operating from seven distribution centers, and nine delivery warehouses that service over 5,000 customers in the residential, hospitality, and commercial markets across the US.
Founded in 1948 by Ed Hoskin and Dennis Muir, the company began as a decorative aluminum trim wholesaler. In the 1980s, under the leadership of Don Cameron Ross, the company began its specialization in shower door trim and ultimately transitioned to the shower door manufacturing and distribution business.
HMI Cardinal shareholder Joann Ross commented, “I feel lucky to have received the referral to Moss Adams. Their M&A process and knowledge of the industry led to a great outcome for the shareholders and employees of the business. From the first meeting, I felt like I was in good hands, and I have been all along the way.”
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For more information regarding this deal, please contact:
Rich Anderson, Managing Director | (949) 221-4006
Andrew Suen, Director | (949) 517-9428
James Parr, Associate | (949) 221-4099