PrimeSource Brands bolsters portfolio with Harney Hardware acquisition
Deal News | Dec 13, 2024 | Clearlake Capital
PrimeSource Brands, a significant player in the North American market for specialty residential building products, has announced the acquisition of Harney Hardware. This strategic acquisition, backed by Clearlake Capital Group, a private equity firm, aims to bolster PrimeSource's product offerings in the door and bathroom hardware segments. Harney Hardware is known for its branded hardware products, which complements PrimeSource's existing portfolio. The move underscores the ongoing trend of consolidation in the building products sector, driven by the need to expand product lines and market reach.
Sectors
- Building Materials
- Private Equity
Geography
- North America – PrimeSource Brands is a North American company, and the acquisition of Harney Hardware is intended to strengthen its presence in the North American market.
Industry
- Building Materials – The article involves PrimeSource Brands and Harney Hardware, both operating within the building products industry, providing residential building materials including door and bathroom hardware.
- Private Equity – Clearlake Capital, a private equity firm, is involved as a backing entity, financing the acquisition through PrimeSource Brands.
Financials
- – No specific financial details such as purchase price or revenue information were disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PrimeSource Brands | Acquiring Company | Company | A North American provider of specialty branded residential building products, involved in acquiring Harney Hardware. |
| Harney Hardware | Target Company | Company | Provider of branded door and bathroom hardware, acquired by PrimeSource Brands. |
| Clearlake Capital Group, L.P. | Backing Private Equity Firm | Company | Private equity firm backing PrimeSource Brands in the acquisition of Harney Hardware. |