Tailwind Capital has acquired Kansas City, Missouri-based Banner, a wholesale distributor of mechanical door hardware, electronic access controls, and security products primarily for repair and replacement applications in the commercial/industrial and residential end markets. Banner was backed by High Road Capital Partners. BB&T Capital Markets served as financial adviser to Banner.
On October 31st, 2019, Midwest Hardware Holdings, Inc. dba Banner Solutions (“Banner” or the “Company”), a portfolio company of High Road Capital Partners (“High Road”), was acquired by Tailwind Capital (“Tailwind”). BB&T Capital Markets served as the exclusive financial advisor to Banner.
About the companies
Headquartered in Kansas City, MO, Banner is the leading wholesale distributor of mechanical door hardware, electronic access controls, and security products primarily for repair and replacement applications in the commercial/industrial, and residential end markets. The Company works closely with manufacturers who rely on Banner to meet R&R demand and with distributors who depend on Banner to provide product availability, “need-it-now” fulfillment, and specialist technical support.
High Road Capital Partners is a private equity firm focused on the smaller middle market. High Road was formed in 2007 and has raised over $470 million of committed capital since inception. High Road targets niche-leading companies with revenues of $10 million to $100 million and EBITDA of $3 million to $10 million. Post-acquisition, 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.
Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, business services, and industrial services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since inception, Tailwind has managed $3.6 billion of committed equity capital, and has invested in 43 portfolio companies and over 105 add-on acquisitions.