High Road Capital Partners has completed the acquisition of Midwest Wholesale Hardware, 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,” says Ben Schnakenberg, Partner, High Road Capital Partners. He continued, “Midwest Wholesale Hardware has industry-leading national fulfilment 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 capitalise 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,” says 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.”
High Road’s acquisition of Midwest Wholesale Hardware closed on 9 February, 2017. 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.
