New York – April 2021
– Banner Solutions, a portfolio company of Tailwind Capital, announced that it has acquired H.L. Flake Security Hardware, based in Houston, TX. H.L. Flake is one of the largest independent security hardware distributors in the U.S., with a strong position in the locksmith market. This acquisition will enable Banner Solutions to further strengthen its offering to that critical customer base.
“H.L. Flake is a company we’ve long admired for their commitment to serving the locksmith customer,” Brendan Deely, president and CEO of Banner Solutions, said. “This represents a tremendous opportunity for Banner Solutions to add a wealth of expertise and history in that critical channel, as well as an assortment of products that more completely service the needs of the locksmith. At the same time, H.L. Flake customers will gain the power of Banner’s industry-leading distribution network.”
“From our beginnings as a bicycle retailer to today, H.L. Flake has now spent 109 years focused on our customers,” Mark D. Knight, CEO of H.L. Flake, said. “By becoming part of Banner Solutions, we have the opportunity to expand our product offering and distribution network to serve our locksmith customers better than ever. We’re proud to join a company that has that same commitment to taking care of its customers.”
This acquisition marks Banner Solutions’ seventh as a platform and second under Tailwind Capital. H.L. Flake Security Hardware will be integrated into Banner Solutions throughout 2021 to ensure minimal disruption for customers; H.L. Flake customers will continue to deal with the same team they’ve grown to trust throughout the years.
About Banner Solutions
Banner Solutions carries a vast inventory of all major door hardware brands; commercial, residential and electronic. We boast a highly skilled staff, focused on solving customers problems. Our team of mechanical, electronic access control, and glass and storefront experts, use our dynamic inventory to find solutions for every security opening need. With a focus on delivering above and beyond at every opportunity, Banner Solutions is changing expectations for the door hardware industry. For more information on Banner Solutions, please visit bannersolutions.com
About Tailwind Capital
Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, technology and 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 $3.7 billion of committed equity capital, and has invested in 47 portfolio companies and over 135 add-on acquisitions.