Midwest Wholesale Hardware has been acquired by High Road Capital Partners

Olympus Partners has sold Midwest Wholesale Hardware (Midwest) to High Road Capital Partners (High Road). Financial details have not been disclosed.

Midwest Wholesale Hardware has been a national wholesaler of commercial door hardware and security products since 1987. In 2016, the firm expanded its offering to include residential door hardware. In 2014, Midwest became part of The Carlyle Group. With headquarters in Kansas City, Missouri, and locations in California, Pennsylvania, Texas, South Carolina, Florida, and Indiana. As a leading national wholesaler of commercial, residential and electronic access control door hardware and security products and services, Midwest helps customers succeed by providing an extensive inventory of all major brands of products in the industry, with fast delivery and the finest customer service. The company's products and services include contract hardware distribution, glass and storefront distribution, electronic access control, lumber and building supply and locksmithing.

High Road Capital Partners is a private equity firm focused on buying and building leading companies at the smaller end of the middle market. High Road seeks to acquire, in partnership with management, companies with revenues of US$10–US$100 million and EBITDA of US$3–US$10 million. The companies should possess attractive growth prospects and are well positioned within their respective market niches. High Road works together with management to develop and implement strategies to build value and take companies to the next level. High Road's investment professionals have completed transactions with an aggregate value of approximately US$2 billion, and have over 80 years of combined experience. The firm is backed by large, blue chip financial investors and has over US$470 million of committed capital under management.

Founded in 1988, Olympus manages over US$5.5 billion on behalf of corporate pension plans, public retirement systems, university endowment funds and the executives of Olympus' portfolio companies. The majority of the company's partners have been investors with Olympus for decades, and Olympus Growth Fund VI, the latest offering, has committed capital of US$2.3 billion. In order to maximize the time spent working with each and every portfolio company, Olympus limits new investments to only three or four each year. The firm's preferred investment size ranges from US$50 million for growth capital deals to US$300 million or more for buy-outs. In addition to financial resources, Olympus offers several other critical benefits to help its management partners reach their goals.

One of Oaklins' members in the USA served as the exclusive financial advisor to Midwest Wholesale Hardware, an investment holding of Olympus Partners, in its sale to High Road Capital Partners.