PrimeSource Building Products, a provider of specialty branded residential building products, signed a definitive agreement to acquire NWI Enterprises (Nationwide), a provider of branded specialty hardware for outdoor residential applications, including fence and gate hardware, railing systems, and perimeter security, from affiliates of Harbour Group. PrimeSource is backed by Clearlake Capital Group.
Tampa, Fla.-based Nationwide offers a diverse portfolio of 8,000 SKUs focused on residential outdoor living and perimeter security. PrimeSource said the combination with Nationwide will enhance its portfolio of branded products and expand the company’s reach into the specialty fence and gate dealer channel.
“We are thrilled to add Nationwide to the PrimeSource portfolio. The Nationwide team has built a stable of brands and products that fits well with our existing platform and our national scale will enable us to grow this business at an accelerated pace,” Tom Koos, CEO of PrimeSource, said in a news release.
Clearlake Capital Group acquired PrimeSource in December 2020 and concurrently merged it with Dimora Brands. Koos said the acquisition of Nationwide, combined with the acquisition of Dimora Brands, represents PrimeSource’s efforts to build the branded specialty building products platform with the “largest sales and service platform in the industry.”
“In combination with our acquisition of Dimora Brands, the acquisition of Nationwide represents another successful step in our strategy to aggressively grow PrimeSource and create a scale specialty residential building products platform,” José E. Feliciano, co-founder and managing partner of Clearlake and Colin Leonard, partner of Clearlake, said.
PrimeSource operates a national footprint with 45 distribution centers in 29 states, serving as a ‘one-stop-shop’ for specialty building products ranging from construction fasteners and building materials to specialty home hardware. PrimeSource owns a portfolio of brande products, including Grip-Rite, Pro-Twist, Top Knobs, Hardware Resource, Atlas Homewars, and Jeffery Alexander.
