Long-time employee buys Bath cabinet maker
The Kennebec Co. has been sold to a longtime employee, James Stewart, the new owner said Monday.
The company, which is based at 1 Front St. in Bath and has 18 employees, specializes in custom kitchen cabinets and related work and was founded by David Leonard, the seller. Terms of the deal were not disclosed.
“We saw this as an opportunity to make the succession,” said Stewart, who joined the company in 2000.
Kennebec Co. specializes in historic restorations and has been featured on “This Old House” five times. Many of its clients are based in Boston or the North Shore area north of Boston, Stewart told Mainebiz by phone.
The company was founded in 1974 by Leonard, an artisan and designer. Since 1977, it had been owned by Leonard and managed by Jeff Peavey.
As Leonard went into semi-retirement and eventually, in 2012, full retirement, Stewart took over more of the management of operations. Peavey is no longer directly involved in the business, but continues to do design work.
The deal closed in March 2015, but Stewart said the company wanted to update its marketing and branding before announcing the deal in mid-January. Briggs Advertising in Bath handled the company’s marketing overhaul.
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