#United States #Garland #PrimeSource Brands #Outdoor Living #Fortress Railing

PrimeSource Brands Strengthens Market Position with Fortress Railing Acquisition

In a strategic move to enhance its offerings in the outdoor living sector, PrimeSource Brands has announced the acquisition of Fortress Railing Products. The transaction marks a significant milestone, being the ninth acquisition for PrimeSource since joining forces with Clearlake Capital Group, L.P. in December 2020. Although the financial terms remain undisclosed, this acquisition is set to bolster PrimeSource's position within a competitive market.

Based in Garland, Texas, Fortress Railing has carved out a niche for itself as a leader in the design and distribution of customizable railing systems. Their products include steel, aluminum, cable, and glass railing systems, which are complemented by a range of accessories such as balusters, handrails, and lighting solutions. Fortress Railing has been recognized for its commitment to quality, durability, and ease of installation, making it a valuable addition to PrimeSource’s portfolio.

Tom Koos, CEO of PrimeSource Brands, expressed enthusiasm about the acquisition, emphasizing the historical leadership Fortress Railing has exhibited in the outdoor living segment for over two decades. He stated, “The PrimeSource Brands team is eager to collaborate with management to further develop the current outdoor living portfolio.” This sentiment reflects the company's strategic ambition to expand its reach and enhance its service offerings in building products.

On a broader scale, co-founders and partners of Clearlake, José E. Feliciano and Colin Leonard, remarked on the significance of this acquisition in relation to PrimeSource's growth strategy. Highlighting that it is their third acquisition in the railing category, they noted, “The team is excited to utilize our O.P.S.® playbook to further enhance PrimeSource's offerings within the building products industry.”

The legal framework surrounding this acquisition was facilitated by counsel from Massumi + Consoli LLP, with Stifel, Nicolaus and Company, Inc. acting as the exclusive financial advisor to Fortress Railing. This careful orchestration indicates a robust approach to merging operations, which is paramount for achieving synergy between the two companies.

About PrimeSource Brands

As a national provider of specialty branded building products, PrimeSource Brands serves over 50,000 customer locations through 64 strategically located sites across 26 states and two countries. Their extensive product portfolio includes more than 95,000 stock keeping units (SKUs), with offerings in construction fasteners, fencing, railing, and functional hardware. The company is dedicated to providing value through a comprehensive range of offerings and unparalleled logistics capabilities.

For more in-depth information about PrimeSource Brands, visit their website at psbrands.com.

About Fortress Railing Products

For over two decades, Fortress Railing has established itself as a leading designer and distributor of railing systems in the United States. The company boasts an impressive array of intellectual property, including more than 50 current and pending patents across 12 product lines. With a proprietary manufacturing process for pre-welded, panelized infill systems, Fortress Railing effectively reduces installation costs and time while maintaining a high level of corrosion resistance.

To explore Fortress Railing’s products further, you can visit their website at fortressbp.com/railing.

Looking Ahead

With this acquisition, PrimeSource Brands is positioning itself for continued growth and innovation, signaling a promising future in the outdoor living market. The combination of PrimeSource’s extensive resources and Fortress Railing’s specialized expertise is anticipated to yield significant benefits for both companies as well as their customers, further solidifying their status as industry leaders in building products.