PrimeSource Brands acquires Keylink to enhance outdoor living offerings
Deal News | Jan 22, 2025 | Clearlake Capital
In an effort to bolster its capabilities in the outdoor living segment, PrimeSource Brands, with the backing of Clearlake Capital Group, has successfully acquired Keylink, a major provider of aluminum railing systems. This acquisition marks the eighth transaction for PrimeSource since partnering with Clearlake in December 2020. Based in New Holland, PA, Keylink delivers high-quality aluminum products for both residential and commercial use, which will expand PrimeSource's product offerings by over 3,000 SKUs. Tom Koos, CEO of PrimeSource Brands, regards this acquisition as a strategic step in strengthening their outdoor living product portfolio. Clearlake's Jos E. Feliciano and Colin Leonard highlight the O.P.S. playbook strategy used to strategically scale their investments, including this deal, as part of their growth initiatives in specialty branded building products.
Sectors
- Building Materials
- Private Equity
- Manufacturing
Geography
- United States – The article involves U.S.-based companies PrimeSource Brands and Keylink, as well as Clearlake Capital's operations in Santa Monica, CA.
Industry
- Building Materials – This industry is relevant because the article discusses companies involved in providing specialized branded building products, particularly focusing on aluminum railing systems and hardware for residential and commercial use.
- Private Equity – The acquisition is backed by Clearlake Capital, a private equity firm, indicating activity in the private equity sector.
- Manufacturing – Keylink's role in producing aluminum railing systems positions it within the manufacturing sector.
Financials
- $85 billion – Amount of assets under management by Clearlake Capital Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PrimeSource Brands | Buyer/Acquiring Company | Company | A North American provider of specialty branded building products acquiring Keylink. |
| Keylink | Target Company | Company | An American provider of aluminum railing systems being acquired by PrimeSource Brands. |
| Clearlake Capital Group, L.P. | Private Equity Firm/Financial Backer | Company | Investment firm backing PrimeSource Brands' acquisition of Keylink. |
| Tom Koos | CEO | Person | CEO of PrimeSource Brands who commented on the acquisition. |
| Jos E. Feliciano | Co-Founder and Managing Partner | Person | Co-Founder and Managing Partner of Clearlake Capital, providing insights on the acquisition strategy. |
| Colin Leonard | Partner | Person | Partner at Clearlake Capital, discussing the strategic intentions behind the acquisition. |