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PrimeSource Brands completes acquisition of Harney Hardware to strengthen specialty branded building products platform

Dec 10, 2024•8 months ago

Acquiring Company

PrimeSource Brands

Acquired Company

Harney Hardware

IrvingThonotosassaBuilding MaterialConstructionManufacturing

Description

PrimeSource Brands, a provider of specialty branded residential building products, has acquired Harney Hardware, a provider of branded door and bathroom hardware. With this strategic acquisition, PrimeSource Brands aims to further strengthen its Kitchen & Bath segment, expanding its product range to over 850 SKUs and solidifying its position as a leading branded specialty building products platform.

Company Information

Company

PrimeSource Brands

Location

Irving, Texas, United States

About

PrimeSource Brands is a leading North American provider of specialty branded residential building products with a wide array of over 85,000 SKUs, including construction fasteners, cabinet knobs & pulls, and functional hardware. The company operates an expansive footprint, serving over 45,000 customer locations through 56 strategically located distribution centers in 26 states.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed