Banner Solutions, a wholesaler of security opening hardware products — backed by private equity firm Tailwind Capital — has announced its acquisition of H.L. Flake Security Hardware, based in Houston.
H.L. Flake is one of the largest independent security hardware distributors in the U.S., with a strong position in the locksmith market. This acquisition will enable Banner Solutions to further strengthen its offering to that customer base.
“H.L. Flake is a company we’ve long admired for their commitment to serving the locksmith customer,” said Brendan Deely, president and CEO of Banner Solutions. “This represents a tremendous opportunities for Banner Solutions to add a wealth of expertise and history in that critical channel, as well as an assortment of products that more completely service the needs of the locksmith. At the same time, H.L. Flake customers will gain the power of Banner’s industry-leading distribution network.”
H.L. Flake Security Hardware will be integrated into Banner Solutions throughout 2021 to ensure minimal disruption for customers.
“From our beginnings as a bicycle retailer to today, H.L. Flake has now spent 109 years focused on our customers,” said Mark D. Knight, CEO of H.L. Flake. “By becoming part of Banner Solutions, we have the opportunity to expand our product offering and distribution network to serve our locksmith customers better than ever. We’re proud to join a company that has that same commitment to taking care of its customers.”
This acquisition marks Banner Solutions’ seventh as a platform and second under Tailwind Capital.