HMI Cardinal sees investments from global private equity firm Riverside

Riverside private equity company is investing in HMI Cardinal to support additional growth.

Riverside Co., a global private equity firm, invested in HMI Cardinal. Located in Louisville, Kentucky, Cardinal manufactures at its own factory and operates seven distribution centres and nine delivery warehouses to meet the needs of roughly 5,000 customers across the US and Canada.

“The shower enclosure market is growing, and stylish glass enclosures like Cardinal makes are increasingly popular,” says Suzy Kriscunas, managing partner, Riverside.

Riverside has completed more than 100 investments in the industry. The firm will invest to support additional growth at Cardinal.

“Cardinal has a proven customer-centric approach,” says Hunter Peterson, partner, Riverside. “It’s an outstanding foundation upon which to further grow the company in areas like e-commerce and hospitality, where we can ... reach more customers and markets.”

Antares Capital and Hancock Capital Management provided financing for the deal.