Craftmaster Resource LLC, which is backed by Capital Resource Partners and Northcreek Mezzanine, has acquired Gaithersburg, Maryland-based Taylor Security and Lock, a provider of commercial and residential door hardware. No financial terms were disclosed.
NORTHVALE, N.J. (PRWEB) JANUARY 08, 2019
Craftmaster Hardware LLC, a security hardware distributor, has acquired Taylor Security and Lock of Gaithersburg, Maryland. Taylor is a distributor of commercial and residential door hardware offering traditional mechanical door hardware as well as electronic access and high security locking products.
“I am excited about the opportunity that combining Craftmaster and Taylor brings to our associates and our customers” said Joel Taylor, founder and President of Taylor Security & Lock. “Two great organizations with deep product knowledge and similar reputations for customer care will create a powerful presence in hardware distribution.”, Taylor added.
Tim Grogan, Craftmaster CEO echoed Mr. Taylor’s comments. “Craftmaster Hardware is thrilled to have Taylor Security & Lock join us in expanding our ability to provide extraordinary value for our customers. We intend to continue our focus on distribution excellence, and the Taylor team is a great addition to help us in that process”.
About Capital Resource Partners
Founded in 1987, Capital Resource Partners (‘CRP”) is a Boston- based private equity fund that makes control investments in lower middle market companies with proven business models and strong positions in attractive and growing markets. CRP’s focus is to partner with and incentivize existing management and ownership. CRP seeks investments in companies in the following industries: Distribution, Business Services, Information Services, and Proprietary Manufacturing. Over its 30-year history CRP has invested more than $1.1 billion in over 110 companies throughout the US.
About Northcreek Mezzanine
Northcreek is a Small Business Investment Company (“SBIC”) investing out of two private investment funds with over $250 million under management. Northcreek provides creatively structured mezzanine debt and equity investments to lower-middle market companies. Northcreek works with management teams, business owners and private equity groups to provide the capital needed for a variety of purposes including the acquisition or buyout of a business, capital for growth including acquisition of equipment, product lines and/or personnel, and capital to deleverage a balance sheet. As a financial partner to over hundreds of businesses, the principals of Northcreek have developed a strong and valued reputation as a trusted and reliable financial partner.