Description:
The Company is a designer, manufacturer, and distributor of pre-plumbed shower and bath products, including shower fixtures, bathtubs, and other bath and kitchen sink accessories. The Company's products are designed for ease of installation and are often surface-mounted, targeting the broad home improvement consumer and retailer market. With over 20 years of operational history, the Company has established long-standing relationships with big-box customers and other blue-chip retailers as a wholesale supplier.

Key Aspects:
• Improved EBITDA Margin: The Company increased its adjusted EBITDA margin to 15.3% in the trailing twelve months (TTM) ending March 31, 2026, supported by a shift to fewer containers, favorable shipping terms, and disciplined expense management.
• Diversified Sales Channels: The Company maintains multiple sales channels, including dealer networks, wholesale and retail partnerships, third-party ecommerce platforms, and its own dedicated website for individual retail customers.
• Geographic Footprint: The Company has a strong national and international presence, with distribution across North America through its 3PL partners and national stocking programs with blue-chip retailers in the US, Canada, and Mexico.
• Extensive Product Catalog: The Company offers a broad product catalog that includes over 100 product families and 250 unique stock-keeping units (SKUs).
• Repeat Customers: Approximately 95% of the Company's revenue in the TTM ending March 31, 2026, is derived from repeat customers.

Opportunities:
• Grow Dealer Network: Utilize targeted business development initiatives to expand the Company's dealer network, enabling it to access new customers, diversify its customer base, and increase revenue.
• Pursue Targeted Marketing: Introduce targeted marketing campaigns to drive consumer demand across the Company's product catalog and increase its market share among individual retail customers.
• Expand Geographic Presence: Capitalize on the Company's customer relationships to expand its North American market presence and enter new markets across Europe.
• Introduce New Products: Leverage the Company's asset-light manufacturing model to launch new product lines, including enhanced kitchen sink offerings and other high-demand, trend-driven home-improvement products.

Headquartered:
• Western US

Current Markets:
• The Company is a business-to-business (B2B) and business-to-consumer (B2C) manufacturer and retailer that sells directly to its customers through a mix of wholesale, dealer, and e-commerce channels.

Real Estate:
• The Company operates out of two facilities totaling 14,500 sq. ft., which are leased from unrelated third parties. One facility houses the Company's office space and storage. The other facility serves as the Company's warehouse. Management notes that both leases are assumable post-sale.

Shareholder Objectives:
• The Company is owned by two individuals, its CEO (55%) and COO (45%), who are seeking a full sale to pursue retirement. The CEO is minimally involved in the Company's daily operations, while the COO is actively involved and oversees order processing, bookkeeping, and overall operations. Both owners are willing to remain with the Company for a negotiable period to facilitate a smooth transition to new ownership.