PrimeSource Building Products’ Acquisition of NWI Enterprises

Kirkland represented PrimeSource Building Products, Inc. in the transaction.

PrimeSource Building Products, Inc. executed its definitive agreements to acquire NWI Enterprises, Inc. (Nationwide Industries), which supplies specialty hardware to OEMs, distributors, and installers in the fence and gate, railing, and patio markets from The 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 concurrently merged it with Dimora Brands. Financial terms were not disclosed. Closing of the transaction is subject to expiration of statutory waiting periods and other customary conditions.

PrimeSource is a leading national provider of specialty branded residential building products. The Company’s product offering spans more than 52,000 SKUs, including construction fasteners, cabinet knobs & pulls, and functional hardware, among others.

The Kirkland team was led by corporate partners Luke Guerra (Picture) and Aisha Lavinier and included associates Angela Oldham and Darin Huggins; debt finance partners Brian Ford and Aaron Berlin and associate Daniel Schwimmer; and tax partners Josh McLane and Anne Kim and associate Michael Thaxter.

Involved fees earner: Aaron Berlin – Kirkland & Ellis; Brian Ford – Kirkland & Ellis; Luke Guerra – Kirkland & Ellis; Darin Huggin – Kirkland & Ellis; Anne Kim – Kirkland & Ellis; Aisha Lavinier – Kirkland & Ellis; Josh McLane – Kirkland & Ellis; Angela Oldham – Kirkland & Ellis; Daniel Schwimmer – Kirkland & Ellis; Michael Thaxter – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: PrimeSource Building Products;

Author: Martina Bellini