CHICAGO — Lawson Products Inc., a distributor of products and services to the maintenance, repair and operations marketplace, has acquired Perfect Products Company of Michigan.
The transaction closed on March 7.
Founded in 1959, Perfect Products Company of Michigan is a family-owned, full-service fastener, bolt, nut, clip, and screw distribution company that specializes in offering supplies for domestic and imported vehicles. Perfect Products serves automotive repair shops, body shops, and industrial clients from Grand Rapids and Detroit, Michigan, to Toledo, Ohio. This acquisition will add four sales representatives to Lawson’s sales team.
“We are delighted to welcome the Perfect Products’ highly experienced sales force to the Lawson team and we look forward to providing them with the support, services and systems to achieve even greater success,” said Michael DeCata, president and CEO of Lawson Products. “This acquisition is an excellent strategic fit, with a similar value proposition to our Kent Automotive brand. As we continue to focus on top line growth, we will look for more excellent opportunities like this where we can grow our sales force and leverage our infrastructure.”
Co-owners Bruce Findlay and Mike Findlay, each with more than 25 years of selling experience in the automotive industry, will stay on as sales representatives for Kent Automotive. (Under its Kent Automotive brand, Lawson Products supplies products to collision and mechanical repair shops as well as automotive OEMs.)
Jim Findlay, Perfect Products’ president, will remain in his role through the transition.
“We are pleased to partner with Lawson Products, an organization that has a demonstrated track record as a leader and expert in the industrial distribution industry,” Findlay said. “This transaction will bring us to the next level, expanding our business while also providing our sales reps and customers with Lawson’s extensive product offering and support.”
Third Coast Capital Advisors served as financial advisor to Lawson Products. Transaction consideration was not disclosed.
Lawson Products sells cleaning, safety and other products to the school bus market, including Engage High-Tech Lubricant with PTFE. Engage provides lubrication over a wide temperature range, and penetrates through rust and water to coat, lubricate and protect metal surfaces, according to the company.