Columbia, MD / Washington, D.C. / Baltimore, MD (May 18, 2022) – Three Twenty-One Capital Partners (“3-21”) is pleased to announce the sale of Castle Wholesalers, Inc. and Castle Wholesalers of Maryland, Inc. (together, “Castle Wholesalers,” “Castle,” or “the Company”), a leading cabinet and window provider, to Home Surplus Holdings, LLC (“Home Surplus”). Home Surplus is a direct-to-consumer provider of cabinets, vanities, and doors from its three warehouse superstore locations in New Jersey.
Family-owned and operated since 1964, Castle Wholesalers began as a wholesale hardware distributor and evolved into a provider of value-priced kitchen cabinets and windows, serving landlords, consumers, and professional contractors from its two warehouse superstore locations in Brentwood and Baltimore, Maryland.
Home Surplus started in 1977 as a traditional local lumber yard selling building products before expanding into multiple retail locations in the New York metropolitan area. Home Surplus has since pivoted into the direct-to-consumer building products market, and today offers a wide variety of in-stock kitchen, bath, and door products.
Joe Schwartz, CEO of Home Surplus, states, “The Home Surplus team in New Jersey is excited to merge with the Castle team in Maryland to continue to wow our customers by delivering and expanding our product lines with in-stock, high-quality kitchen cabinets, vanities, and doors at rock bottom prices.”
Three Twenty-One Capital Partners and Potomac Business Capital co-advised Castle’s transaction as the Company’s exclusive investment banking firms. West & Feinberg, P.C. served as legal adviser to Castle. Jacobowitz Newman Tversky, LLP served as legal adviser to Home Surplus.
About Castle Wholesalers
Castle Wholesalers is a leading provider of value-priced kitchen cabinets and windows in the greater Washington, D.C. and Baltimore area.
About Home Surplus
Home Surplus offers high-quality, in-stock bath, vanity, and door products across New York, New Jersey, and Pennsylvania.