M&A Deal Summary

Banner Solutions Acquires Strauss Lock Distributors

On January 8, 2018, Banner Solutions acquired distribution company Strauss Lock Distributors

Acquisition Highlights
  • This is Banner Solutions’ 1st transaction in the Distribution sector.
  • This is Banner Solutions’ 2nd transaction in the United States.
  • This is Banner Solutions’ 1st transaction in Iowa.

M&A Deal Summary

Date 2018-01-08
Target Strauss Lock Distributors
Sector Distribution
Buyer(s) Banner Solutions
Deal Type Add-on Acquisition
Advisor(s) 1st West Mergers & Acquisitions LLC (Financial)

Target

Strauss Lock Distributors

Urbandale, Iowa, United States
Strauss Lock Distributors is a residential lock distributor. Strauss Lock Distributors was founded in 1927 and is based in Urbandale, lowa.

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Buyer(S) 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 STATS #
Overall 2 of 4
Sector (Distribution) 1 of 3
Type (Add-on Acquisition) 2 of 4
State (Iowa) 1 of 1
Country (United States) 2 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-20 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 Berg Wholesale

Tualatin, Oregon, United States

Berg Wholesale is a wholesale distributor of door hardware, bath hardware, and security products for the residential and multi-family housing markets. In addition to its Portland-area headquarters, Berg has distribution centers near Anaheim, California, and Orlando, Florida.

Buy -