Kodiak Building Partners (KBP) announced the launch of Kodiak Interiors Group (KIG), a new, stand-alone business formed through the sale of Kodiak鈥檚 appliances and interiors portfolio. The new entity will operate independently, enabling a more focused strategy in the appliances and interiors market while supporting long-term growth for both organizations.
Kodiak Interiors Group will include existing operating companies specializing in interiors, including Arizona Appliance & Home, Don鈥檚 Appliances, FBS Appliance and Specialty Appliance.
As of July 8, Jeff Smith will assume the role of CEO at KIG. Brian Huss will succeed Jeff as CFO of KBP. Joining Smith on the leadership team at KIG are Darius McCurty, who will serve as CFO, and Greg Ulvedal and Kirk Dryden, both current executive vice presidents who will continue in their leadership roles as part of the interiors group. Steve Swinney, co-founder and CEO of KBP, will serve as executive chairman of the board for KIG, providing strategic continuity and oversight.
鈥淎fter careful consideration and partnership, this decision was made for Kodiak Interiors Group to capitalize on significant growth opportunities in the appliances and interiors market, enabling a more focused and specialized approach to operational excellence, customer service and local leadership,鈥� said Smith.
鈥淜odiak Building Partners has proven that success can come from a model that prioritizes growth through acquisition alongside local leadership and entrepreneurial independence,鈥� said Swinney. 鈥淯sing this blueprint within the appliances and interiors market, we have no doubt that Jeff and the team at Kodiak Interiors Group will be able to take the business to new heights.鈥�
Following the sale, Kodiak Building Partners will deepen its focus on the building materials industry to support continued growth and innovation across its portfolio.
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