Evergreen, Colo. – 1stWEST M&A, an investment banking and M&A advisory, has announced that it has brokered the sale of Strauss Lock Distributors to High Road Capital Partners’ portfolio company Midwest Wholesale Hardware.
Strauss Lock Distributors is a residential lock distributor with reach across the United States.
“When we first engaged with Strauss Lock Distributors as a client, we immediately recognized Strauss as a top-quality company, and a genuine standout in the industrial distribution sector,” said John D. Wagner, Managing Director, 1stWEST M&A. “High Road Capital Partners and Midwest Wholesale Hardware have also recognized that value, and Midwest Wholesale Hardware has now acquired Strauss Lock Distributors in a transaction that will likely bring stellar results to both buyer and seller. We were happy to play a part in the process.”
High Road Capital Partners is a private equity firm focused on smaller middle-market transactions. High Road was formed in 2007 and has raised over $470 million of committed capital since inception. High Road focuses on niche-leading companies with revenues of $10 million to $100 million and EBITDA of $3 million to $10 million.