Posted January 18, 2018

Midwest Wholesale Hardware acquires Strauss Lock Distributors

Midwest Wholesale Hardware has acquired Strauss Lock Distributors, a lock distributor that serves commercial, multi-family and residential customers.

Terms of the agreement were not disclosed.

Des Moines, Iowa-based SLD-USA, which has been in business since 1927, also has distribution centers in Arizona and North Carolina.

Midwest Wholesale Hardware has been a national wholesaler of commercial door hardware and security products since 1987 and expanded its offerings to include residential door hardware in 2016. In 2017, Midwest became part of High Road Capital Partners. Midwest has seven locations across the U.S.

1stWEST M&A, an investment banking and M&A advisory firm headquartered in Evergreen, Colorado, served as the exclusive representative for Strauss Lock. 1st WEST has been involved in brokering the sale of a number of businesses across a wide spectrum of industries.

“When we first engaged with Strauss Lock Distributors as a client, we immediately recognized Strauss as a top-quality company, and a genuine standout in the industrial distribution sector,” said John D. Wagner, managing director, 1stWEST M&A. “High Road Capital Partners and Midwest Wholesale Hardware have also recognized that value, and Midwest Wholesale Hardware has now acquired Strauss Lock Distributors in a transaction that will likely bring stellar results to both buyer and seller. We were happy to play a part in the process.”