BB&T Capital Markets Serves as Exclusive Financial Advisor to Colony Hardware Corporation in its Sale to Audax Private Equity
On November 13, 2018, Colony Hardware Corporation (“Colony” or the “Company”), a portfolio company of Tailwind Capital (“Tailwind”), was acquired by Audax Private Equity (“Audax”). As part of the transaction, Tailwind retained a minority stake in the Company. BB&T Capital Markets served as the exclusive financial advisor to Colony.
About the Companies
Colony is a leading distributor of tools, safety products, and other jobsite supplies to contractors serving the commercial, mixed-use, institutional, industrial, and public infrastructure markets. The Company utilizes a hub-and-spoke, route-based business model offering customers on-site delivery of jobsite consumables, with 29 branches throughout the Northeast, Midwest, Mid-Atlantic, and Southeast.
Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, business services, and industrial services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since inception, Tailwind has managed $3.6 billion of committed equity capital and has invested in 39 portfolio companies and over 80 add-on acquisitions.
Audax Private Equity has been focused on building leading middle market companies since its founding in 1999. Audax has invested $5 billion in 118 platform and 715 add-on companies. Through a disciplined buy-and-build approach, Audax seeks to help platform companies execute add-on acquisitions that fuel revenue growth, optimize operations, and significantly increase equity value. Audax Group is an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and San Francisco, Audax Group has $18 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses.
Commercial & Industrial
The BB&T Capital Markets Commercial & Industrial Group provides clients with industry expertise and exceptional transaction execution. We offer M&A advisory, capital raising and corporate banking services for a variety of sectors, including building products & materials; commercial & consumer durables; industrial manufacturing and distribution; and outsourced commercial and industrial services.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.