PrimeSource to acquire Nationwide Industries

PrimeSource
PrimeSource has announced it will acquire Nationwide Industries.

IRVING, Texas — PrimeSource Building Products, Inc. has 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, L.P.. The transaction is PrimeSource’s second acquisition during Clearlake’s ownership, which acquired the company in December 2020 and merged it with Dimora Brands. Financial terms were not disclosed.

Based in Tampa, Florida, Nationwide offers a portfolio of 8,000 SKUs focused on residential outdoor living and perimeter security. The combination with Nationwide will further enhance PrimeSource’s portfolio of branded products and expand the Company’s reach into the specialty fence & gate dealer channel.

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PrimeSource operates a national footprint with 45 distribution centers, and owns a portfolio of branded products including Grip-Rite, Pro-Twist, Top Knobs, Hardware Resource, Atlas Homewares, and Jeffrey Alexander among others across several categories including construction fasteners, cabinets and cabinet hardware, lighting, and plumbing.

“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,” said Tom Koos, CEO of PrimeSource. “Along with Dimora Brands, Nationwide continues our efforts to build the branded specialty building products platform with the largest sales and service platform in the industry. Our depth of catalogue combined with our customer reach gives us a unique advantage.”

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