Private equity firm Platinum Equity agreed to acquire Cabinetworks Group, the largest independently owned manufacturer and distributor of kitchen and bath cabinets in the United States, from American Industrial Partners and GIC, for $3.5bn. "Cabinetworks has a comprehensive portfolio of highly-respected, fast-growing brands, a strong leadership team and a proven track record for growth. The company's leading position in the cabinets space, combined with Platinum Equity's operational toolkit and M&A resources, make Cabinetworks a great fit for our portfolio," Jacob Kotzubei, Platinum Equity Partner.