High Road Capital Partners’ portfolio company Banner Solutions has completed the acquisition of Berg Wholesale. Monroe Capital provided financing to support the transaction.
Based in Tualatin, OR, Berg Wholesale is a wholesale distributor of door hardware, bath hardware, and security products for the residential and multi-family housing markets.
Banner Solutions, formerly Midwest Wholesale Hardware, was acquired by High Road Capital Partners Fund II in February 2017. Its acquisition of Berg Wholesale follows its acquisitions of Akron Hardware, Hardware Suppliers, and Strauss Lock Distributors.
“With the acquisition of Berg Wholesale, Banner Solutions further expands its geographic reach and customer base, and adds new capabilities to service the multi-family market,” said Scott Rubino, principal, High Road Capital Partners.
“We’re excited to join the Banner Solutions team and bring our customers an enhanced product offering and expanded service capabilities,” said Cathy Mick, General Manager, Berg Wholesale. Mick will continue to lead the day-to-day functions of the legacy Berg Wholesale business at Banner Solutions.
Jones Day provided legal counsel to High Road.
High Road Capital Partners has completed 53 transactions – 20 platform investments, 26 add-on acquisitions and seven exits – since its founding in 2007.