M&A Deal Summary

PrimeSource Acquires Cobra Anchors

On August 15, 2024, PrimeSource acquired manufacturer Cobra Anchors

Acquisition Highlights
  • This is PrimeSource’s 1st transaction in the Manufacturing sector.
  • This is PrimeSource’s 1st transaction in Canada.
  • This is PrimeSource’s 1st transaction in Quebec.

M&A Deal Summary

Date 2024-08-15
Target Cobra Anchors
Sector Manufacturing
Buyer(s) PrimeSource
Deal Type Add-on Acquisition
Advisor(s) Deloitte (Financial)

Target

Cobra Anchors

Montreal, Quebec, Canada
Cobra Anchors is a provider of branded hollow-wall, universal, and masonry anchors. Cobra offers a portfolio of over 1,000 SKUs focused on hollow-wall, universal and masonry anchors. Cobra Anchors was formed in 1973 and is headquartered in Montreal, Quebec.

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Buyer(S) 1

Buyer

PrimeSource

Irving, Texas, United States

Category Company
Founded 1990
Sector Building Materials
DESCRIPTION

PrimeSource is a provider of construction fastening solutions and specialty branded hardware. The Company’s product offering spans more than 52,000 SKUs, including construction fasteners, cabinet knobs & pulls, functional hardware, insulation, roofing products, drawers, and organizers, among others. PrimeSource was formed in 1990 and is based in Irving, Texas.


DEAL STATS #
Overall 5 of 6
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-03 Axxis

Schaumburg, Illinois, United States

Axxis is a distributor of third-party fastening tools and fasteners for industrial, packaging, and wood-to-wood applications. Axxis was founded in 2008 and is based in Schaumburg, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-10 Harney Hardware

Thonotosassa, Florida, United States

Harney Hardware is a manufacturer and distributor of value-engineered door and bathroom hardware products. Harney offers a robust product line including bathroom hardware sets, residential door locks, plumbing fixtures, ceiling fans and accessories, decorative hardware, door bolts and latches, door stops and hinges, bathroom grab bars, commercial door hardware, and shower rods. Harney Hardware was founded in 1985 and headquartered in the Thonotosassa, Florida.

Buy -