PrimeSource Brands Acquires Starborn Industries

Acquisition strengthens PrimeSource Brands’ leadership position in the fasteners segment and expands its portfolio in outdoor living

IRVING, Texas & SANTA MONICA, Calif. & EDISON, N.J.--(BUSINESS WIRE)--PrimeSource Brands, a North American provider of specialty branded building products backed by Clearlake Capital Group, L.P. (“Clearlake”), announced today that it has acquired Starborn Industries (“Starborn,” or the “Company”), a leading provider of branded fastening solutions and installation systems for decking and exterior applications. The transaction represents PrimeSource Brands’ eleventh acquisition since partnering with Clearlake in December 2020. Financial terms were not disclosed.

Based in Edison, New Jersey, Starborn offers a portfolio of branded fasteners and installation tools primarily focused on residential decking and exterior applications. Starborn has established itself as a differentiated provider through its offerings of innovative products, including PRO PLUG^®, CAP-TOR^® xd, HEADCOTE^®, SMART-BIT^®, and DECKFAST^®.

“We’re excited to bring Starborn into the PrimeSource Brands family and believe their reputation for innovation, quality, and service is a strength that folds naturally into the PrimeSource business,” said Tom Koos, CEO of PrimeSource Brands. “Their portfolio ties strongly to two of our segments, fasteners and outdoor living. Combined with our leading fastener brands, including Grip-Rite and Cobra, and our Wolf decking brands, this acquisition broadens what we can offer customers across both categories.”

“Today marks another successful milestone in our strategy to grow PrimeSource into a scale, branded specialty building products platform,” said José E. Feliciano, Co-Founder and Managing Partner, and Colin Leonard, Partner and Managing Director, at Clearlake. “Over the past two years, we have deployed significant capital through PrimeSource into outdoor living, one of our highest-conviction categories within residential building products.”

“The acquisition of Starborn reflects our continued commitment to value-creating M&A that deepens PrimeSource’s position in core categories, broadens its addressable market in specialty building products, and enhances its product catalog,” said Ben Kruger, Managing Director at Clearlake. “We remain excited about the Company’s ongoing momentum as a consolidator in this space.”

About PrimeSource Brands

PrimeSource Brands is a national provider of specialty branded building products. The Company’s product offering spans more than 100,000 SKUs, including construction fasteners, knobs & pulls, fencing & railing, and functional hardware, among others. PrimeSource Brands operates an expansive footprint, serving over 56,000 customer locations through 64 strategically located sites in 26 states and 2 countries. 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 Starborn Industries

Starborn Industries is a leading provider of branded fastening solutions and comprehensive installation systems for decking, exterior, and related applications. Founded in 1961 and headquartered in Edison, New Jersey, Starborn has built a reputation for quality, innovation, and reliability across its portfolio of trusted brands, including DECKFAST^®, PRO PLUG^®, CAP-TOR^® xd, HEADCOTE^®, and SMART-BIT^®. The Company’s products serve residential and commercial construction markets through a broad network of national distributors, dealers, and co-branding partnerships with decking and trim manufacturers.

For more information, please visit www.starbornindustries.com.

About Clearlake

Clearlake Capital is a leading global alternative asset manager founded in 2006 with over $185 billion of assets under management. Clearlake offers a broad range of investment solutions across private equity, credit, infrastructure, secondaries, co-investments, and other related private market strategies. Through Pathway Capital Management, a division of Clearlake, the firm serves institutional and wealth investors seeking diversified access to private markets. Clearlake seeks to partner with experienced management teams by providing patient, long-term capital to businesses across multiple sectors. The firm aims to drive value through its active, hands-on operating approach, O.P.S.^® (Operations, People, Strategy), which combines deep operational expertise with strategic and talent-focused initiatives. Headquartered in Santa Monica, Clearlake maintains 14 offices across the Americas, Europe, Asia, and the Middle East. For more information, please visit clearlake.com or follow us on LinkedIn.