Company continues nationwide total opening
solutions expansion
WINSTON-SALEM, N.C., July 17,
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 Bunting
Door & Hardware Co., Inc. and Loktek, LLC ("Bunting") located
in Elkridge, MD. Terms of the
transaction were not disclosed.
Founded in 1983, Bunting Door & Hardware (and Loktek), a
material distributor and installer, provides a wide variety of
commercial doors, frames, and hardware, in addition to electronic
access control products. Bunting and Loktek proudly serve
Maryland (including Washington D.C.) and Virginia.
"Bunting is one of the most respected CDH companies in the
Mid-Atlantic region and we are delighted to have them join the Cook
& Boardman family of companies. Their team provides a wide
range of products and services that will complement our existing
offerings in the market and strengthen our leading position all
along the east coast," said David
Eisner, Chief Executive Officer of C&B.
"Bunting has a 40-year history of fostering great relationships
with all its stakeholders. Cook & Boardman will allow us to
continue building that legacy while providing our employees with
further growth opportunities. We are excited to join the Cook &
Boardman team as they transform the industry," said Doug McGinnis, owner and CEO of Bunting.
The company will continue to operate under the Bunting and
Loktek 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. Bunting represents C&B's fifth
acquisition under Platinum Equity's ownership.
K&L Gates LLP served as legal advisor to Cook and
Boardman.
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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cook--boardman-acquires-bunting-door--hardware-co-inc-and-loktek-llc-302199665.html
SOURCE The Cook & Boardman Group