Banner Solutions Acquires Specialized Builder’s Hardware

Sept. 6, 2019

NEW YORK, September 6, 2019 – High Road Capital Partners ( announced today that its portfolio company Banner Solutions ( has completed the acquisition of the assets of Specialized Builder’s Hardware (, marking the company’s fifth acquisition under High Road Capital’s ownership.

Based in Anaheim, California, Specialized Builder’s Hardware (SBH) is a leading regional distributor of door locks and hardware, as well as electronic access solutions for the commercial market. 

Banner Solutions, formerly Midwest Wholesale Hardware, was acquired by High Road Capital Partners Fund II in February 2017. Its acquisition of SBH follows its acquisitions of Akron Hardware; Berg Wholesale; Hardware Suppliers, Inc.; and Strauss Lock Distributors.

“SBH’s strength in the Southern California market broadens Banner Solutions’ geographic presence, adding customers in the education, government, healthcare, hospitality, and multi-family residential industries,” said Scott Rubino, Principal, High Road Capital Partners. “In addition, SBH brings a highly technical sales force which will integrate well with Banner Solutions’ industry-leading customer service.”

Terry Olson, President of SBH, said, “Banner Solutions is known industrywide for its commitment to service, innovation, and products. We’re proud to join with Banner Solutions and provide SBH customers with access to an extensive inventory and additional expert resources.”

Mr. Olson will lead the legacy SBH organization. Management and the sales and support organizations will remain in place.

Banner Solutions’ acquisition of Specialized Builder’s Hardware closed on August 23, 2019. Ben Schnakenberg, Partner, and Mr. Rubino led the transaction for High Road and were assisted by Nicholas Martino, Operating Partner; Tom Cassidy, Senior Associate; and Anthony Tripodoro, Associate.

Monroe Capital provided financing for the transaction. Jones Day provided legal counsel to High Road. 3SE, LLC, advised SBH on the transaction. Transaction consideration was not disclosed.

High Road Capital Partners has completed 56 transactions – 20 platform investments, 29 add-on acquisitions, and seven exits – since its founding in 2007.

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