Company continues nationwide total opening
solutions expansion
WINSTON-SALEM, N.C., June 28,
2024 /PRNewswire/ -- The Cook & Boardman Group
LLC ("Cook & Boardman" or "C&B"), the leading specialty
distributor of commercial entry solutions and systems integration
services, has announced the acquisition of OKEE Industries,
Inc., Builders Hardware Incorporated, Construction Hardware, Inc.,
and Hardware Specialties, Inc. (collectively "OKEE") located in
West Hartford, CT, East Haven, CT, Norristown, PA, and Westfield, MA, respectively. Terms of the
transaction were not disclosed.
Founded in 1947, OKEE is a traditional material distributor,
providing a wide variety of commercial doors, frames, and hardware.
OKEE proudly serves Connecticut,
Pennsylvania, and Massachusetts.
"OKEE is a highly respected company in our industry, and we are
very excited they have decided to join the Cook & Boardman
family of companies. They will expand C&B's coverage in
the northeast and their team brings a wealth of experience to our
continuing efforts to provide superior customer service."
said David Eisner, Chief Executive Officer of C&B.
"OKEE has long history providing exceptional service to its
customers by meeting by providing high touch communication,
unprecedented service along with dedicated project management
teams. We are excited to join Cook & Boardman as they transform
the industry," said Sean O'Keefe,
President of OKEE.
The company will continue to operate under the OKEE Industries,
Builders Hardware, Construction Hardware and Hardware Specialties
names' and customer contacts will remain unchanged as a result
of the acquisition.
Platinum Equity acquired a majority interest in Cook &
Boardman in 2023. Littlejohn & Co., LLC remains a significant
minority shareholder. This transaction represents C&B's third
acquisition under Platinum Equity's ownership.
About Cook & Boardman Group
Cook & Boardman is one of the leading specialty distributors
of commercial doors, frames & hardware, electronic access
control equipment and specialty (Division 10) products. The company
is also one of the nation's largest and fastest growing providers
of integrated security solutions - including physical security,
access control, wireless networking, low voltage cabling,
audio/visual and managed information technology products.
The company serves non-residential and multi-family markets
including the commercial, education, government, healthcare, office
and hospitality sectors from more than 70 locations across 23
states and nationwide through its ecommerce portal
at www.cookandboardman.com.
About Platinum Equity
Founded in 1995 by Tom Gores,
Platinum Equity is a global investment firm with approximately
$47 billion of assets under
management and a portfolio of approximately 50 operating companies
that serve customers around the world. Platinum Equity specializes
in mergers, acquisitions and operations – a trademarked strategy it
calls M&A&O® – acquiring and operating companies
in a broad range of business markets, including manufacturing,
distribution, transportation and logistics, equipment rental,
metals services, media and entertainment, technology,
telecommunications and other industries. Over the past 28 years
Platinum Equity has completed more than 450 acquisitions.
About Littlejohn & Co., LLC:
Littlejohn & Co. is a Greenwich,
Connecticut-based investment firm focused on private equity
and debt investments primarily in growing middle-market industrial
and services companies that can benefit from Littlejohn's 25+ years
of operational and sector expertise. With approximately
$8 billion in regulatory assets under
management, the firm seeks to build sustainable success for its
portfolio companies through a disciplined approach to engineering
change. For more information about Littlejohn, visit
www.littlejohnllc.com.
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SOURCE The Cook & Boardman Group