[ad_1]
Corporate continues national overall opening answers growth
WINSTON-SALEM, N.C., July 17, 2024 /PRNewswire/ — The Cook dinner & Boardman Team LLC (“Cook & Boardman” or “C&B”), the area of expertise distributor of industrial access answers and techniques integration services and products, has introduced the purchase of Bunting Door & {Hardware} Co., Inc. and Loktek, LLC (“Bunting”) positioned in Elkridge, MD. Phrases of the transaction weren’t disclosed.
Based in 1983, Bunting Door & {Hardware} (and Loktek), a subject material distributor and installer, supplies all kinds of industrial doorways, frames, and {hardware}, along with digital get admission to keep watch over merchandise. Bunting and Loktek proudly lend Maryland (together with Washington D.C.) and Virginia.
“Bunting is one of the most respected CDH companies in the Mid-Atlantic region and we are delighted to have them join the Cook & Boardman family of companies. Their team provides a wide range of products and services that will complement our existing offerings in the market and strengthen our leading position all along the east coast,” stated David Eisner, Leading Government Officer of C&B.
“Bunting has a 40-year history of fostering great relationships with all its stakeholders. Cook & Boardman will allow us to continue building that legacy while providing our employees with further growth opportunities. We are excited to join the Cook & Boardman team as they transform the industry,” stated Doug McGinnis, proprietor and CEO of Bunting.
The corporate will proceed to perform underneath the Bunting and Loktek names’ and buyer contacts will stay unchanged as a results of the purchase.
Platinum Fairness obtained a majority passion in Cook dinner & Boardman in 2023. Littlejohn & Co., LLC remainder an important minority shareholder. Bunting represents C&B’s 5th acquisition underneath Platinum Fairness’s possession.
Okay&L Gates LLP served as criminal consultant to Cook dinner and Boardman.
About Cook dinner & Boardman Team
Cook dinner & Boardman is likely one of the area of expertise vendors of industrial doorways, frames & {hardware}, digital get admission to keep watch over apparatus and area of expertise (Section 10) merchandise. The corporate may be probably the most community’s greatest and quickest rising suppliers of built-in safety answers – together with bodily safety, get admission to keep watch over, wi-fi networking, low voltage cabling, audio/vision and controlled knowledge era merchandise.
The corporate serves non-residential and multi-family markets together with the industrial, training, govt, healthcare, workplace and hospitality sectors from greater than 70 places throughout 23 states and national via its ecommerce portal at www.cookandboardman.com.
About Platinum Fairness
Based in 1995 through Tom Gores, Platinum Fairness is an international funding company with roughly $47 billion of belongings underneath control and a portfolio of roughly 50 working corporations that lend shoppers all over the world. Platinum Fairness makes a speciality of mergers, acquisitions and operations – a trademarked technique it cries M&A&O® – obtaining and working corporations in a wide area of commercial markets, together with production, distribution, transportation and logistics, apparatus condo, metals services and products, media and leisure, era, telecommunications and alternative industries. Over the moment 28 years Platinum Fairness has finished greater than 450 acquisitions.
About Littlejohn & Co., LLC:
Littlejohn & Co. is a Greenwich, Connecticut-based funding company enthusiastic about personal fairness and debt investments basically in rising middle-market business and services and products corporations that may have the benefit of Littlejohn’s 25+ years of operational and sector experience. With roughly $8 billion in regulatory belongings underneath control, the company seeks to assemble sustainable good fortune for its portfolio corporations via a disciplined option to engineering alternate. For more info about Littlejohn, talk over with www.littlejohnllc.com.
SOURCE The Cook dinner & Boardman Team
[ad_2]
Source link
