New York – February 2021
– Banner Solutions, a portfolio company of Tailwind Capital, announced its acquisition of the wholesale division of Builders’ Hardware & Supply Company based in Seattle, Washington.
By acquiring the Pacific Northwest’s leader in locks and hardware, Banner Solutions strengthens its position as a leading wholesale distributor, while growing its residential product offering. Merging Builders’ Hardware’s wholesale customers and product offering into the Banner Solutions platform will enable a greater level of service in a growing market.
“Builders’ Hardware has built a tremendous reputation for solving their customers problems,” states Brendan Deely, President and CEO of Banner Solutions. “This focus aligns perfectly with Banner Solutions commitment to going above and beyond to deliver solutions. By adding Builders’ Hardware to the Banner Solutions family, we’ll continue elevating the customer experience while fully covering a strategic area of growth in the United States.”
“For six decades, Builders’ Hardware has served customers as a showroom, contract hardware distributor, and a wholesaler,” says Aaron Davis, Vice President, Wholesale Division at Builders’ Hardware. “In moving our wholesale business to the Banner Solutions platform, we better align our services to deliver more for our customers. Builders’ Hardware’s contract hardware and showroom businesses will remain focused on delivering services that raise the bar for their respective customers. We’re excited to join a team so focused on changing the game in the wholesale layer of the industry.” Aaron will join Banner Solutions serving in his current role.
This acquisition marks Banner Solutions’ sixth as a platform, and first under Tailwind Capital.
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 46 portfolio companies and over 125 add-on acquisitions.