Colony Hardware Acquires Michigan-Based B&L Bolt and Slip-On Lock Nut

November 9, 2022

Colony Hardware Corporation, a portfolio company of Audax Private Equity, has acquired Michigan-based value-added distributor B&L Bolt, Inc. and Slip-On Lock Nut, LLC. The add-on expands Colony's direct-to-jobsite distribution footprint in Michigan (Grand Rapids and Kalamazoo), broadens its product offering for contractors and manufacturers, and keeps management involvement with Dave Vander Ploeg retaining a stake.

Buyers
Colony Hardware Corporation, Audax Private Equity
Targets
B&L Bolt, Inc., Slip-On Lock Nut, LLC
Sellers
Mark Vander Ploeg, Dave Vander Ploeg
Platforms
Colony Hardware Corporation
Location
Michigan, United States
Transaction Type
Addon

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