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- American Woodmark
American Woodmark Acquisition, Valuation & Financials
American Woodmark was acquired by MasterBrand Cabinets for $3.6B in August 2025, a 2.1x multiple on $1.7B of revenue.
American Woodmark acquisition price
$3.6B
Acquired by MasterBrand Cabinets · Aug 2025
American Woodmark revenue at acquisition
$1.7B
Last twelve months · Aug 2025
American Woodmark revenue multiple at acquisition
2.1x
EV/Revenue · Aug 2025
American Woodmark EBITDA multiple at acquisition
17.2x
EV/EBITDA · Aug 2025
About American Woodmark
American Woodmark Corp manufactures and distributes cabinets and vanities for the remodeling and new home construction markets. It offers several products that fall into product lines including kitchen cabinetry, bath cabinetry, office cabinetry, home organization, and hardware. The products are sold under the brand names American Woodmark, Timberlake, Shenandoah Cabinetry, and Waypoint Living Spaces among others.
Founded
1980
HQ
Website
Status
Acquired
Customer focus
B2B & B2C
Revenue model
Product sales
Revenue
$1.7B (Aug 2025)
Valuation
$3.6B (acquired Aug 2025)
Sectors
American Woodmark Acquisition
American Woodmark was acquired by MasterBrand Cabinets for $3.6B on 6 August 2025.
The acquisition price implies a 2.1x revenue and 17.2x EBITDA multiple on $1.7B of revenue.
MasterBrand Cabinets, Inc., the largest manufacturer of residential cabinets in North America with over 13,000 employees across more than 20 manufacturing facilities, announced in August 2025 an all-stock merger to acquire American Woodmark Corp., a Winchester, Virginia-based cabinet manufacturer founded in 1980 with 7,800 employees, 18 manufacturing and distribution facilities, eight service centers, and $1.7 billion in net sales for the fiscal year ended April 30, 2025. The deal values the combined entity at a pro forma equity value of $2.4 billion and enterprise value of $3.6 billion, based on the exchange ratio and closing share price as of August 5, 2025. Both companies' boards unanimously approved the transaction, which received shareholder approval on October 30, 2025, and is expected to close in early 2026 pending regulatory approvals and other conditions. The merger creates the cabinet industry's most comprehensive portfolio of trusted brands and products across stock, semi-custom, and premium categories, delivered through MasterBrand's network of over 7,700 dealers, retailers, and builders. Strategic rationale emphasizes combining customer-centric platforms for synergies in growth, quality, innovation, and operational excellence, building on MasterBrand's integration of Supreme Cabinetry Brands. MasterBrand will retain its name and Beachwood, Ohio headquarters, maintain a significant presence in Winchester, expand its board with three American Woodmark directors, appoint Dave Banyard as CEO and David Petratis as chair, with Nathaniel Leonard leading integration; MasterBrand plans to pay off American Woodmark's debt at closing via a revolver expansion. The deal occurs amid declining sales for both firms, with American Woodmark reporting drops from $2.07 billion in 2023 to $1.85 billion previously and $1.7 billion in 2025, reflecting challenging market conditions in the cabinet sector. Fitch Ratings affirmed MasterBrand's 'BB+' Issuer Default Rating post-announcement with a stable outlook, signaling credit confidence in the combination.
| Acquirer | Date | Type | Price | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|
| 6 Aug 2025 | Strategic M&A | $3.6B | 2.1x | 17.2x |
American Woodmark as a Public Company
American Woodmark traded as NAS: AMWD before it was taken private. Its acquisition was announced in August 2025. April 2026 is its last month on record as a listed company, with a market cap of $636M and an enterprise value of $1.1B.
Last-twelve-month revenue was $1.5B, with EBITDA of $149M (10% margin), and the shares traded at 0.7x EV/Revenue and 7.4x EV/EBITDA.
Over the 4 years before that, its market cap fell from $776M in April 2022 to $636M, while revenue fell from $1.8B to $1.5B.
American Woodmark market cap while listed
American Woodmark EV/Revenue (LTM) while listed
| As of | Market cap | Revenue (LTM) | EBITDA (LTM) | EBITDA margin | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|---|
| Apr 2026 | $636M | $1.5B | $149M | 10% | 0.7x | 7.4x |
| Apr 2025 | $862M | $1.7B | $211M | 12% | 0.8x | 6.3x |
| Apr 2024 | $1.4B | $1.8B | $252M | 14% | 1.0x | 7.4x |
| Apr 2023 | $840M | $2.1B | $226M | 11% | 0.7x | 5.9x |
| Apr 2022 | $776M | $1.8B | $140M | 8% | 0.8x | 10.1x |
Market cap, enterprise value and last-twelve-month figures are month-end values, up to the last month American Woodmark traded.
Acquisitions by American Woodmark
American Woodmark has acquired 1 company to date.
Last acquisition by American Woodmark was on December 1st 2017. American Woodmark acquired RSI Home Products for $1.1B.
Latest Acquisitions by American Woodmark
| Description | RSI Home Products is a manufacturer of kitchen, bath, and home organization solutions distributed throughout the United States and Canada. It produces semi-custom and stock cabinetry, bathroom vanities, wall storage units, medicine cabinets, countertops, and modular storage cabinets. Products reach customers via kitchen and bath dealers, national retailers, retail home centers, and a dedicated distributor network. |
| HQ Country | |
| HQ City | Los Angeles, CA |
| Deal Date | 1 Dec 2017 |
| Valuation | $1.1B |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all American Woodmark acquisitions and their M&A valuation multiples. Start Free Trial | |
American Woodmark Competitors
American Woodmark competitors include listed companies like HNI, Jason Furniture, Fortune Brands and Floor & Décor, and private ones like Quince and NOME.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $2.8B | $234M | $3.3B | 1.0x | ||
| Publicly listed | $3B | $423M | $3.1B | 0.9x | ||
| Private | $1B | - | $4.5B | - | ||
| Publicly listed | $4.5B | $708M | $4.7B | 1.7x | ||
| Publicly listed | $4.7B | $511M | $5B | 1.4x | ||
| Private | - | - | $1.1B | - |
American Woodmark Public Comps
American Woodmark is no longer listed, but its public comps include HNI, Jason Furniture, OPPEIN, Fortune Brands, Central Garden & Pet, Floor & Décor, Husqvarna, Welspun Living, Higold Group and Vohringer Home Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.8B | $234M | 1.7x | 1.0x | 20.9x | 8.1x | |||
| $3B | $423M | 0.9x | 0.9x | 6.2x | 6.1x | |||
| $2.6B | $481M | 1.0x | 1.1x | 5.2x | 5.9x | |||
| $4.5B | $708M | 1.6x | 1.7x | 10.4x | 8.9x | |||
| $3.1B | $334M | 0.9x | 0.9x | 8.0x | 7.1x | |||
| $4.7B | $511M | 1.4x | 1.4x | 13.2x | 12.2x | |||
| $4.8B | $591M | 0.7x | 0.7x | 5.3x | 5.1x | |||
| $880M | $80M | 2.5x | 2.1x | 27.8x | 20.3x | |||
This data is available for Pro users. Sign up to see all American Woodmark competitors and their valuation data. Start Free Trial | ||||||||
Common questions about American Woodmark
| When was American Woodmark founded? | American Woodmark was founded in 1980. |
| Where is American Woodmark headquartered? | American Woodmark is headquartered in Winchester, United States. |
| Is American Woodmark publicly listed? | No, American Woodmark was acquired by MasterBrand Cabinets in August 2025. |
| Who acquired American Woodmark? | American Woodmark was acquired by MasterBrand Cabinets in August 2025. |
| How much was American Woodmark acquired for? | American Woodmark was acquired for $3.6B in August 2025, a 2.1x revenue multiple. |
| Which companies are comparable to American Woodmark? | Companies comparable to American Woodmark include HNI, Jason Furniture, Quince, Fortune Brands, Floor & Décor and NOME. |
| What was American Woodmark's market cap before the acquisition? | American Woodmark had a market cap of $636M in April 2026, its last month on record as a listed company, trading at 0.7x EV/Revenue. |
| What was American Woodmark's revenue as a public company? | American Woodmark's last reported twelve-month revenue was $1.5B (April 2026), with EBITDA of $149M. |
| How many companies has American Woodmark acquired? | American Woodmark has acquired 1 company, including RSI Home Products. |
| What was the largest acquisition by American Woodmark? | The $1.1B acquisition of RSI Home Products in December 2017 is the largest acquisition American Woodmark has made to date. |
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