M&A Deal Summary

PrimeSource Acquires Nationwide Industries

On May 3, 2021, PrimeSource acquired building materials company Nationwide Industries from Harbour Group

Acquisition Highlights
  • This is PrimeSource’s 1st transaction in the Building Materials sector.
  • This is PrimeSource’s 2nd transaction in the United States.
  • This is PrimeSource’s 2nd transaction in Florida.

M&A Deal Summary

Date 2021-05-03
Target Nationwide Industries
Sector Building Materials
Buyer(s) PrimeSource
Sellers(s) Harbour Group
Deal Type Add-on Acquisition
Advisor(s) BlackArch (Financial)

Target

Nationwide Industries

Tampa, Florida, United States
Nationwide Industries is a designer and manufacturer of quality hardware and components for the building materials industry. Nationwide’s products include a broad line of fence and gate hardware, railing component and infill systems, perimeter security components, custom building materials components sold on an OEM basis, and hardware for the patio industry. Nationwide Industries is based in Tampa, Florida.

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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 2 of 5
Sector (Building Materials) 1 of 2
Type (Add-on Acquisition) 2 of 5
State (Florida) 2 of 2
Country (United States) 2 of 4
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-14 Scylla of Florida

Miami, Florida, United States

Scylla of Florida, Inc. is a distributor of rebar, fastener, drywall, and roofing products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 Wolf Home Products

York, Pennsylvania, United States

Wolf Home Products is a provider of branded kitchen and bath cabinetry, vanities, and accent tiles, as well as high-performance outdoor living and specialty building products. Wolf Home Products was founded in 1843 and is based in York, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Harbour Group

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1976
Size Large
Type Sector Agnostic
DESCRIPTION

Harbour Group is a private investment firm that seeks to invest in companies within the sectors of manufacturing and distribution. The firm pursues companies with EBITDA between $4 million and $50 million, and revenue between $50 million and $100 million. In addition, the firm looks for investments within North America and around the world with enterprise value between $30 million and $500 million. Harbour Group was formed in 1976 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 19 of 23
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 9 of 12
State (Florida) 4 of 4
Country (United States) 19 of 23
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-30 Lofa Industries

Roswell, Georgia, United States

Lofa Industries designs manufacture and distribute control panels, wiring harnesses, sensors, and telemetry for engine-driven off-highway equipment, including pumps, air compressors, chippers, materials processors, drillers, and generators. Lofa Industries was founded in 1989 and is based in Roswell, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 Thibaut

Union, New Jersey, United States

Thibaut is an operator of wallpaper and fabric company. Thibaut is a designer and global distributor of branded wallpapers, fabrics, and furniture sold through the interior design channel. Thibaut goes to market through two highly regarded brands, Thibaut and Anna French. Thibaut was founded in 1886 and is based in Union, New Jersey.

Sell -