M&A Deal Summary

PrimeSource Acquires Wolf Home Products

On June 29, 2021, PrimeSource acquired building materials company Wolf Home Products from Tenex Capital Management

Acquisition Highlights
  • This is PrimeSource’s 2nd transaction in the Building Materials sector.
  • This is PrimeSource’s 3rd transaction in the United States.
  • This is PrimeSource’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-06-29
Target Wolf Home Products
Sector Building Materials
Buyer(s) PrimeSource
Sellers(s) Tenex Capital Management
Deal Type Add-on Acquisition
Advisor(s) Fidus Partners (Financial)

Target

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.

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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 3 of 6
Sector (Building Materials) 2 of 3
Type (Add-on Acquisition) 3 of 6
State (Pennsylvania) 1 of 1
Country (United States) 3 of 5
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 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.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Tenex Capital Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tenex Capital Management is a private investment group focused on acquiring control positions in profitable North American companies with $3 to $40 million of EBITDA. The Firm does not have any sector preferences and looks to commit up to $125 million per transaction. Tenex Capital Management was formed in 1999 and is based in New York City.

DEAL STATS #
Overall 15 of 24
Sector (Building Materials) 1 of 3
Type (Add-on Acquisition) 3 of 5
State (Pennsylvania) 2 of 2
Country (United States) 15 of 24
Year (2021) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 JJ s Bakery

Erie, Pennsylvania, United States

JJ's Bakery is a manufacturer of handheld snack pies. JTM sells its JJ’s Bakery branded snack pies and private-label snack pies to grocery, convenience, value, dollar, and mass retailers. JJ's Bakery was founded in 1986 and is based in Erie, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-15 BELAY Solutions

Atlanta, Georgia, United States

BELAY Solutions is a virtual staffing company that offers assistants, bookkeepers, social media strategists, and website specialists services. BELAY Solutions was founded in 2010 and is based in Atlanta, Georgia.

Buy -
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