Grey Mountain Partners Acquires Honsador
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Grey Mountain Partners Acquires Honsador

honsador nf1Grey Mountain Partners has acquired Honsador Holdings, a distributor of building products and electrical supplies.

Honsador is the largest independent distributor of building products and electrical supplies in the state of Hawaii, serving the residential, commercial, and military markets. The company operates out of two divisions: Honsador Lumber and Building Materials (LBM) and Alpha Electric (Alpha). LBM is the largest independent lumber and building materials distributor on the big island, and Alpha is the largest independent distributor of electrical products in the state of Hawaii.  Honsador was founded in 1935 and was originally known as Honolulu Sash and Door.   The company has seven locations in the Hawaiian Islands and is headquartered in Kapolei on the island of Oahu (www.honsador.com) (www.alphaelectricsupply.com), (www.hwthawaii.com) and (www.honsadorroofing.com).

Beth Lesniak nf1“The company has developed a market leading position in the state of Hawaii due to the breadth and quality of its product offering, logistical mastery of moving products from the mainland to the islands, and unparalleled customer service,” said Beth Lesniak, Affiliate Manager at Grey Mountain.  “We are excited to work with the company as it grows the business by addressing additional contractor needs and serving new customers across the islands.  We believe the financial backing and operational support from Grey Mountain will allow the company to better serve its customers and pursue new opportunities in the market.”

Grey Mountain Partners invests up to $75 million in control acquisitions of companies with enterprise values between $30 million and $150 million. Sectors of interest include aerospace & defense, building products & materials, business process outsourcing, diversified manufacturing, energy & power, financial services, food & beverage, healthcare services & technology, industrial services, packaging, professional services, specialty chemicals, technology, transportation & logistics, wholesale and distribution. Grey Mountain was founded in 2003 by Managing Partners Rob Wright and Jeff Kuo and is based in Boulder with an additional office in Minneapolis (www.greymountain.com).

2014 PEPD • Private Equity’s Leading News Magazine • 12-15-14

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