High Road Capital Partners said Feb. 14 that it closed its buy of Midwest Wholesale Hardware. Financial terms weren’t announced. Midwest Wholesale, of Kansas City, Missouri, is a wholesale distributor of commercial and institutional door hardware, electronic access control and security products. Monroe Capital provided financing for the transaction. TM Capital Corp advised the company.
NEW YORK, February 14, 2017 – High Road Capital Partners (www.highroadcap.com) has completed the acquisition of Midwest Wholesale Hardware (www.midwestwholesale.com),marking the sixth platform acquisition for High Road Capital Partners Fund II.
Founded in 1987, Midwest Wholesale Hardware is a leading value-added wholesale distributor of commercial and institutional door hardware, electronic access control and security products. Based in Kansas City, Missouri, the company also operates distribution centers in California, Florida, Pennsylvania, South Carolina and Texas. Midwest provides expert customer service and offers an extensive inventory of all major brands and hard-to-find components for maintenance and repair applications within the commercial and institutional door hardware market.
“We are excited to partner with Midwest Wholesale Hardware and its CEO Chris Casazza to build upon the company’s position as the premier after-market distributor of commercial door hardware products,” said Ben Schnakenberg, Partner, High Road Capital Partners. He continued, “Midwest Wholesale Hardware has industry-leading national fulfillment capabilities, offers best-in-class customer service, and is a value-added partner to its customers and suppliers. We look forward to supporting Midwest’s efforts to expand its geographic presence and capitalize on growth within the electronic access control market.”
“Midwest Wholesale Hardware is committed to offering exceptional customer service, outstanding technical support and unmatched product expertise,” said Casazza. “With High Road’s support, we will accelerate our growth by expanding our distribution coverage and investing in innovative technology solutions, particularly in electronic access control systems, the industry’s fastest growing segment. We also expect to pursue acquisitions,” Casazza said.
High Road’s acquisition of Midwest Wholesale Hardware closed on February 9, 2017. Mr. Schnakenberg led the transaction for High Road and was assisted by Scott Rubino, Principal, and Tom Cassidy, Associate. Monroe Capital provided financing for the transaction. TM Capital Corp. advised the company. Transaction consideration was not disclosed.
High Road Capital Partners has completed 41 transactions – 16 platform investments, 20 add-on acquisitions and five exits – since its founding in 2007.
For further information, please contact Ben Schnakenberg of High Road Capital Partners at (212) 554-3269.
High Road Capital Partners
High Road Capital Partners is a private equity firm focused on smaller middle market transactions. High Road was formed in 2007 and has raised over $470 million of committed capital since inception. High Road focuses on niche-leading companies with revenues of $10 million to $100 million and EBITDA of $3 million to $10 million. Once acquired, High Road works in partnership with management to take the companies to the next level through a combination of organic growth initiatives and add-on acquisitions.www.highroadcap.com
Midwest Wholesale Hardware
Midwest Wholesale Hardware (MWH) is a leading wholesale distributor of advanced security, door hardware and access control systems providing the most effective, safe and secure solutions for commercial and institutional building markets. From its headquarters in Kansas City and nationwide network of distribution centers, MWH provides customers with the best combination of coverage, technical expertise and service in the security and access control industry and enables MWH to deliver on its promise: What you need, when you need it. www.midwestwholesale.com