PrimeSource Brands Acquires Fortress Railing Products

Acquisition further strengthens PrimeSource Brands’ market position within the outdoor living segment

PrimeSource Brands, a North American provider of specialty branded building products backed by Clearlake Capital Group, L.P. (“Clearlake”), announced that it has acquired Fortress Railing Products (“Fortress Railing”, or the “Company”), a leading provider of railing systems designed for performance and ease-of installation. The transaction represents PrimeSource Brands’ ninth acquisition since partnering with Clearlake in December 2020. Financial terms were not disclosed.

Based in Garland, TX, Fortress Railing specializes in designing and distributing customizable steel, aluminum, cable, and glass railing systems, including infills, balusters, handrails, lighting, and accessories.

“Fortress Railing has been a leader in the outdoor living segment for over 20 years, recognized for quality, durability, versatility, and ease of installation. The PrimeSource Brands team is eager to collaborate with management to further develop the current outdoor living portfolio,” said Tom Koos, CEO of PrimeSource Brands. “The Fortress Railing team has developed an impressive assortment of products and intellectual property that complement our existing RailFX, Ultra-Tec, CityPost, and Keylink offerings.”

“The acquisition of Fortress Railing Products represents another successful step forward in our strategy to scale PrimeSource Brands through both organic growth and acquisitions,” said José E. Feliciano, Co-Founder and Managing Partner, and Colin Leonard, Partner, of Clearlake. “As our third acquisition in the railing category, the team is excited to utilize our O.P.S.® playbook to further enhance PrimeSource’s offering within the building products industry.”

Massumi + Consoli LLP provided legal counsel to PrimeSource Brands and Clearlake. Stifel, Nicolaus and Company, Inc. served as the exclusive financial advisor to Fortress Railing Products.

About PrimeSource Brands

PrimeSource Brands, is a leading national provider of specialty branded residential building products. The Company’s product offering spans more than 85,000 SKUs, including construction fasteners, cabinet knobs & pulls, and functional hardware, among others. PrimeSource Brands operates an expansive footprint, serving over 45,000 customer locations through 56 strategically located distribution centers in 26 states.  PrimeSource Brands plays a crucial role for customers who rely on its brand value, breadth of offering and logistics capabilities.

For more information, please visit www.psbrands.com

About Fortress Railing Products

Fortress Railing is a leading designer and distributor railing systems in the U.S. The Company has been in business for over 20 years and maintains a valuable portfolio of intellectual property with 50+ current and pending patents and 12 railing product lines. Fortress Railing has a proprietary manufacturing process for pre-welded, panelized infill systems which help to reduce cost and time to install, while maintaining a high-level of corrosion resistance. The Company serves wholesale, retail and e-commerce distribution channels.

For more information, please visit https://fortressbp.com/railing.

About Clearlake

Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are industrials, technology, and consumer. Clearlake currently has over $80 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland and Singapore.

More information is available at www.clearlake.com.

Contact:

Jennifer Hurson – Lambert & Co. – jhurson@lambert.com – (845) 507-0571

Source: PrimeSource Building Products, Inc.