PrimeSource Brands, a North American provider of specialty branded residential building products, has announced the acquisition of Harney Hardware, a manufacturer of door and bathroom hardware. This marks PrimeSource's sixth acquisition since partnering with Clearlake Capital Group in December 2020. Financial details of the transaction were not disclosed.

Harney Hardware, based in Tampa, Florida, offers a wide range of value-engineered products, including bathroom hardware sets, residential door locks, and plumbing fixtures. This acquisition enhances PrimeSource's Kitchen & Bath segment, which boasts one of the largest product catalogs in the nation with over 850 SKUs.

Tom Koos, CEO of PrimeSource Brands, expressed enthusiasm about the acquisition, highlighting how Harney's product portfolio complements their existing offerings. He emphasized that this move aligns with their goal of establishing a leading branded specialty building products platform with an extensive service network.

José E. Feliciano and Colin Leonard from Clearlake Capital noted that acquiring Harney represents a significant milestone in their partnership with PrimeSource. They mentioned the ongoing opportunities for organic and acquisition-driven growth as they work to scale their specialized residential building products platform.

PrimeSource Brands operates a vast network, serving over 45,000 customer locations through 58 distribution centers across 26 states. Their extensive product range includes over 85,000 SKUs, covering construction fasteners, cabinet hardware, and functional hardware, making them a vital resource for customers seeking brand value and logistics capabilities.

Founded in 1985, Harney Hardware has built a reputation for quality and customer satisfaction in the hardware industry. Their product line includes a variety of door and bathroom hardware, ceiling fans, and commercial door hardware, allowing them to cater to a diverse customer base across the U.S.

Clearlake Capital, established in 2006, is an investment firm that focuses on private equity and credit strategies. With over $85 billion in assets under management, Clearlake partners with experienced management teams to provide long-term capital and operational improvements. Their investment strategy targets sectors such as technology, industrials, and consumer goods.

For more information about PrimeSource Brands and Harney Hardware, visit their respective websites.