Lawson Products, Inc., a distributor of products and services to the MRO marketplace, has acquired F.B. Feeney Hardware in Mississauga, Ontario, Canada. The transaction closed in early May.
F.B. Feeney Hardware has been serving the industrial market in Toronto and the surrounding area since 1952, and is known as a fleet specialist. The company’s products and value proposition are similar to that of Lawson Products’ and include vendor managed inventory services. With this acquisition, Lawson Products said it is gaining three experienced sales representatives.
In addition, Tom Feeney, who has led the company for the last 38 years, has agreed to join Lawson Products. Debra Feeney, who has helped lead the company as operations manager, will serve as a consultant through the transition.
Third Coast Capital Advisors served as financial advisor to Lawson Products. Transaction consideration was not disclosed.