Keystone Capital-backed Kendell Doors completed the acquisition of Newport Distribution, a door and door hardware provider based in Chicago metro area. The deal is Kendell Doors’ second add-on since Keystone’s investment in the business in 2019.
Keystone Capital (‘Keystone”) is pleased to announce that its portfolio company, KENDELL Doors, has completed the acquisition of Newport Distribution, a full-service door and door hardware provider based in the Chicago metropolitan area.
The acquisition of Newport expands KENDELL’s reach into the Chicago market and further solidifies KENDELL’S leading market position in the Upper Midwest, complementing its locations in Minneapolis, Des Moines, and Madison, WI. Newport represents KENDELL’s second add-on acquisition since Keystone’s investment in the business in mid-2019.
Keystone and KENDELL are actively seeking additional acquisition opportunities in the industry. Areas of interest for additional add-on acquisitions include: (i) commercial door and door hardware distribution, (ii) electronic security and access control integration, and (iii) commercial locksmiths and physical access/ door service organizations. Parties with knowledge of potential investment opportunities in these segments are encouraged to contact Jason Van Zant at Keystone Capital.
“We are excited to complete our second add-on to KENDELL and to support the management team’s vision to build a market leader in the commercial door hardware and related access control services industry,” commented Jason Van Zant, Managing Director at Keystone Capital.