Add-on Acquisition • Building Materials

Banner Solutions Acquires Akron Hardware

On October 20, 2017, Banner Solutions acquired building materials company Akron Hardware

Acquisition Context

This is Banner Solutions’ 1st transaction in the Building Materials sector.
This is Banner Solutions’ 1st transaction in the United States.
This is Banner Solutions’ 1st transaction in Ohio.

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M&A Deal Summary
Date	October 20, 2017
Target	Akron Hardware
Sector	Building Materials
Buyer(s)	Banner Solutions
Deal Type	Add-on Acquisition

Target Company

Akron Hardware

Akron, Ohio, United States

Akron Hardware is a wholesale distributor of commercial and institutional door hardware. Akron also services the residential door hardware market through its subsidiary Hardware Suppliers and the online locksmith supply market through its Preferred Lock Supply division . Akron’s products span from traditional mechanical door hardware to electronic access control security products. Headquartered in Akron, Ohio, Akron Hardware also operates distribution centers in Arizona, Texas, Tennessee and Pennsylvania, and a sales office in North Carolina.

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