Banner Solutions Acquires Wholesale Division of Seattle-Based Company
February 2, 2021
Banner Solutions, backed by private equity firm, Tailwind Capital, acquired the wholesale division of Builders’ Hardware & Supply Co. based in Seattle, Washington.
By acquiring the Pacific Northwest company, which focuses on locks and hardware, Banner Solutions grows its residential product offering. Merging Builders’ Hardware’s wholesale customers and product offering into the Banner Solutions platform will enable a greater level of service in a growing market, say officials.
“Builders‘ Hardware has built a tremendous reputation for solving their customers’ problems,” says Brendan Deely, president and CEO of Banner Solutions. “This focus aligns perfectly with Banner Solutions commitment to going above and beyond to deliver solutions. By adding Builders’ Hardware to the Banner Solutions family, we‘ll continue elevating the customer experience while fully covering a strategic area of growth in the United States.”
“For six decades, Builders’ Hardware has served customers as a showroom, contract hardware distributor, and a wholesaler,” says Aaron Davis, vice president, wholesale division at Builders‘ Hardware. “In moving our wholesale business to the Banner Solutions platform, we better align our services to deliver more for our customers. Builders’ Hardware’s contract hardware and showroom businesses will remain focused on delivering services that raise the bar for their respective customers.
We’re excited to join a team so focused on changing the game in the wholesale layer of the industry.” Davis will join Banner Solutions, serving in his current role.
This acquisition marks Banner Solutions’ sixth as a platform, and first under Tailwind Capital.