Gen Cap America is acquiring Brooklyn, New York-based Mayflower Sales, a provider of physical security and storefront hardware products. No financial terms were disclosed.
Nashville, Tenn., May 31, 2019 – Gen Cap America, Inc. announced today that it has partnered with management to acquire Mayflower Sales Co. (Mayflower), a Brooklyn-based value-added distributor of premium physical security and storefront hardware products. Terms of the transaction were not disclosed.
“We are excited to partner with Mayflower’s top-notch management team, led by CEO Paul Swetow, in this investment,” commented Gen Cap America Director Andrew Ginsberg. “We look forward to working with the Mayflower team to further build on the company’s long track record of providing quality products and exceptional service to its customers.”
Founded in 1917, Mayflower is a value-added distributor of premium products including locks, locksets, access control systems, and door hardware. For decades, Mayflower has provided quality products and personalized service to a variety of customers and end markets including sub-contractors, hospitals, universities, and government institutions.
“For three generations, we here at Mayflower have earned our reputation for service and quality because of our uniquely qualified and experienced staff that helps provide solutions for our customers. Nothing about that model will change going forward,” said Paul Swetow, CEO of Mayflower. He continued, “We selected Gen Cap based on their long-standing track record of partnering with established management teams to drive continued success.”
Barney Byrd, President of Gen Cap stated, “Mayflower is an excellent fit with our firm’s long history of partnering with strong management teams.”
About Gen Cap America
Gen Cap America, Inc. is a Nashville-based private equity firm that provides equity for management buyouts, division spinoffs, and recapitalizations of profitable, well-established lower middle market businesses. For more information, visit www.gencapamerica.com.