“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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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.
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