Rugby Architectural Building Products, which is backed by Leading Ridge Capital Partners, has bought F.W. Honerkamp Co. Financial terms weren’t announced. Bronx, N.Y.-based F.W. Honerkamp distributes architectural building products
Rugby Architectural Building Products, along with its financial sponsor Leading Ridge Capital Partners, announce the acquisition of F.W. Honerkamp Co. Inc., a New York City-based distributor of architectural building products founded in 1871.
F.W. Honerkamp Co. distributes a full line of architectural wood products, decorative surfacing and cabinet hardware. “The Honerkamp family has stood for quality and service for over 140 years, anchored by our strong relationships with our customer and vendor partners. The combination with Rugby positions us ideally for growth into the future,” commented Phil Honerkamp, Honerkamp CEO.
With the addition of Honerkamp’s Bronx, NY distribution center, Rugby will service the greater New York City metropolitan region from three locations situated in Northern New Jersey, Long Island and New York City. “New York City is the largest metropolitan area in the United States with a population base of 20 million,” says Drew Dickinson, Rugby COO. Dickinson continued, “Metro New York has a particularly high density of companies in the woodworking industry, and having such strong distribution in this market will allow us to provide the highest levels of service to our customers.”
This expansion marks Rugby’s tenth acquisition since 2010, through which the company has doubled its revenue and customer base and grown to 21 distribution centers across the country. “F.W. Honerkamp is an iconic franchise in one of the largest US markets for our products,” commented David Hughes, Rugby President and CEO. Hughes concluded, “we are extremely excited to have the outstanding Honerkamp team become part of the Rugby organization.”
About Rugby Architectural Building Products
Rugby Architectural Building Products (www.rugbyabp.com) is a full-line wholesale distributor of specialty building products. Its primary business is the wholesale distribution of non-structural architectural grade building products sold principally to customers who supply end-products for the commercial, industrial, retail, residential and institutional markets. The company’s key product offerings include hardwood plywood, composite panel products, solid surface countertops, high-pressure laminate, doors and millwork, hardwood lumber, cabinet hardware, mouldings, Rugby brand sinks and faucets, and industrial wood coatings. Value-added services include custom color matching, laminated panels, cut-to-size panels, edge-banding, custom hardwood molding, hardwood lumber ripping and facing, and interior and exterior door pre-hanging. Headquartered in Concord, NH, the company serves over 17,000 customers in the largest metro centers in the U.S. with a geographic footprint covering 30 states from 21 distribution facilities around the country.
About Leading Ridge Capital Partners
Leading Ridge Capital Partners, LLC (www.leadingridge.com) is a private equity firm, with offices in Maryland and New York, specializing in acquisitions, recapitalizations, and investments in value-added distribution, logistics, and light manufacturing companies in the lower-middle market. Leading Ridge is comprised of a successful team of operators with a broad array of business experience within the distribution and manufacturing sectors. The team possesses significant operational resources and the leadership experience needed to support rapid yet controlled growth of its portfolio companies.