Colony Hardware, a portfolio company of Tailwind Capital, has acquired Brinker Brown Fastener & Supply. Tailwind Capital acquired Colony Hardware from AEA Investors in October 2015.
Brinker Brown is a distributor of fasteners and anchors, power generators, power tools, ladders, and job safety equipment to Florida-based contractors, subcontractors and dealers that are active in the roofing; marine deck and dock; concrete restoration; and mechanical, electrical and plumbing end markets.
Brinker Brown was founded in 1985 and has a 30,000 sq. ft. facility and headquarters in Ft. Myers, FL (www.brinkerbrown.com).
Colony Hardware is a route-based distributor of tools, equipment, fasteners, supplies, safety products, as well as a provider of rental and repair services, to commercial construction and industrial accounts located in the Northeast and Mid-Atlantic regions. The company has over 25,000 SKUs from more than 750 different manufacturers. Colony focuses on small-ticket, just-in-time orders delivered directly to the jobsite. Customers include general contractors, civil contractors, and other subcontractors across multiple building trades. The company operates 28 locations in 10 states and is headquartered near New Haven in Orange, CT (www.colonyhardware.com).
Tailwind invests from $25 million to $100 million of equity in middle-market companies that have enterprise values of up to $300 million and EBITDA from $10 million to $30 million. Sectors of interest include healthcare, business services and industrial services. Since its founding in 2003, Tailwind and its portfolio companies have completed over 95 acquisitions. The firm currently manages over $3 billion of committed equity capital and is based in New York (www.tailwind.com).
Mesirow Financial (www.mesirowfinancial.com) was the advisor to Brinker Brown on this transaction. “Mesirow Financial’s deep expertise in the building and construction products distribution sector proved to be critical in securing a successful partner for our company,” said Jeff Brown, owner and president of Brinker Brown.
© 2018 Private Equity Professional | May 11, 2018