November 17, 2010 — Yukon Partners (Yukon) announced today that it has completed an investment in Hardware Resources, Inc., a designer, manufacturer and distributor of products for the cabinet industry. The transaction closed on November 16, 2010. Yukon supported Harbour Group, a privately-owned operating company, in the transaction.
Hardware Resources’ products include functional hardware, decorative hardware, decorative wood products, custom drawers, and other cabinet-related components. The company’s customers include custom cabinet fabricators, OEMs, and independent showrooms. With headquarters, manufacturing and distribution facilities in Bossier City, La., the company also has operations in Atlanta, Ga.; Ontario, Cal.; Elgin, Ill.; Middletown, Pa.; and Guangzhou, China.
“We are pleased to again work with the team at Yukon Partners. Once again, they delivered as promised and supported us in a diligence intensive and time-sensitive transaction” stated Kevin Klebe of Harbour Group.
“Hardware Resources is an extremely successful company with strong leadership and a keen sense of the needs and requirements of its customers. That understanding has permitted the company to dominate its industry niche, especially in the recent difficult economic conditions. We are also delighted to again partner with our friends at the Harbour Group, and look forward to supporting them in their initiatives” said Michael Hall, a Managing Partner at Yukon.
About Yukon Partners
Yukon Partners is a mezzanine finance firm dedicated to serving middle market private equity sponsored business transactions with a typical investment range of $10 to $40 million. The transactions in which Yukon invests include Buyouts, Growth and Platform Strategies, Recapitalizations, Mergers/Acquisitions, Public to Private Buyouts, and Refinancings.
About Hardware Resources
Established in 1990 and headquartered in Bossier City, LA, Hardware Resources (www.hardwareresources.com) is a designer, manufacturer, and distributor of a broad array of branded cabinet hardware and related products. Hardware Resources’ product offering is comprised of decorative and functional hardware, decorative wood, linear moulding, custom dovetail drawer boxes, vanities, and bath hardware. Hardware Resources has formed long-standing relationships with a diverse customer base, primarily custom cabinet makers, stock and semi-custom cabinet OEMs, kitchen and bath cabinet dealers, distributors, and other customer groups.
About Harbour Group
Harbour Group (www.harbourgroup.com) is a privately-owned company based in St. Louis, Mo., with additional operations in Shanghai, China and Bangalore, India. Since its founding in 1976, Harbour Group has acquired 166 companies in 34 different industries.
For more information, please contact:
Michael J. Hall