Add-on Acquisition • Distribution

Banner Solutions Acquires Herbert L. Flake

On April 1, 2021, Banner Solutions acquired distribution company Herbert L. Flake from Supply Chain Equity Partners

Acquisition Context
  • This is Banner Solutions’ 4th transaction in the Distribution sector.
  • This is Banner Solutions’ 5th transaction in the United States.
  • This is Banner Solutions’ 1st transaction in Texas.

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M&A Deal Summary

Date April 1, 2021
Target Herbert L. Flake
Sector Distribution
Buyer(s) Banner Solutions
Sellers(s) Supply Chain Equity Partners
Deal Type Add-on Acquisition

Target Company

Herbert L. Flake

Houston, Texas, United States
Herbert L. Flake is a value added business-to-business distributor of security hardware & access control products. Herbert L. Flake was founded in 1912 and is based in Houston, Texas.
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Buyer Overview 1

Buyer

Banner Solutions

Kansas City, Missouri, United States

Category Company
Founded 1987
Sector Distribution
DESCRIPTION

Banner Solutions is a wholesale distributor of door hardware, electronic access control, and security products primarily for repair, replacement, and renovation applications in the commercial/institutional and residential markets. Banner Solutions was founded in 1987 and is based in Kansas City, Missouri.


Deal Context for Buyer #
Overall 5 of 5
Sector: Distribution 4 of 4
Type: Add-on Acquisition 5 of 5
State: Texas 1 of 1
Country: United States 5 of 5
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-06 Specialized Builder s Hardware

Anaheim, CA, California, United States

Specialized Builder's Hardware, Inc. is a regional distributor of door locks and hardware, as well as electronic access solutions for the commercial market.

Buy -

Seller Profile 1

SELLER

Supply Chain Equity Partners

Tampa, Florida, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

Supply Chain Equity Partners (SCEP) is a private equity firm focused exclusively on the distribution sector. The Firm specifically targets wholesale distributors and related logistics companies that are a critical link in the supply chain. SCEP will consider a variety of transaction situations, including new platform acquisitions, corporate divestitures, underperforming companies, and add-ons. Supply Chain Equity Partners is based in Cleveland, Ohio.


Deal Context for Seller #
Overall 3 of 3
Sector: Distribution 2 of 2
Type: Add-on Acquisition 1 of 1
State: Texas 2 of 2
Country: United States 3 of 3
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-23 Exponential Power

Menomonee Falls, Wisconsin, United States

Exponential Power is a provider of stored power solutions utilized by industry leaders in energy services, utilities, industrial, telecom, data center, motive power, and material handling markets. Exponential Power was established in 1915 and is based in Menomonee Falls, Wisconsin.

Sell -