DriveKore, Inc. acquired by Colony Hardware Corporation, a portfolio company of Audax Private Equity

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DriveKore, Inc. (“DriveKore” or the “Company”) was acquired by Colony Hardware Corporation (“Colony Hardware”), a portfolio company of Audax Private Equity. EdgePoint Capital (“EdgePoint”) served as the exclusive financial advisor to DriveKore. Terms of the transaction were not disclosed.

Headquartered in Mechanicsburg, PA, DriveKore is a regional independent stocking distributor of power tools and construction supplies. The Company offers professional construction firms and specialty contractors throughout Pennsylvania and Maryland a suite of stocked supplies and a consultative, customer-centric service model.

Colony Hardware, headquartered in Orange, CT, is a leading route-based specialty distributor of equipment, jobsite safety products, and consumable constructions tools / supplies to contractors serving the commercial, mixed-use, institutional, industrial, and public infrastructure markets.  Headquartered in Boston, MA, Audax Private Equity is a private equity firm that invests in U.S. middle-market companies.

EdgePoint is a leading investment banking firm focused on providing middle market business owners with merger and acquisition advisory services.

TESTIMONIALS

Kevin Craig
President and Owner
DriveKore

EdgePoint did an outstanding job representing the ownership group of DriveKore.  They designed and executed a process that resulted in the ideal strategic partner.  I truly appreciate the level of commitment displayed by EdgePoint, who guided us through this important transition with professionalism, thoughtful advice and a keen understanding of our industry.

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