The acquisition of B&C provides Top Notch with an expanded product line and increased geographic diversity.
Stamford, CT (December 2015) — Belden Hill Partners, LLC (“BHP”), is pleased to announce the acquisition of Boyle & Chase, Inc. (“B&C”), headquartered in Hingham, MA, by its client, Top Notch Distributors, Inc. (“Top Notch”), a private company based in Honesdale, PA. Belden Hill Partners served as exclusive financial advisor to Top Notch.
A second generation family business founded in 1975, Top Notch is one of the premier architectural door hardware distributors in the U.S. supplying the residential, commercial and electronic access control markets. The acquisition of B&C increases Top Notch’s revenue by over 25%, and provides the Company with an expanded product portfolio while growing its geographic territory. The combined enterprise will be able to better serve customers with a more extensive product inventory and the expected operational synergies that will result from the transaction.
Chuck Jurgensen, CEO of Top Notch adds, “The team at Belden Hill Partners seamlessly guided our management team through the due diligence and acquisition process. BHP provided valued-added advice at every step of the transaction, and conducted a process that met our goals of efficiently and respectfully executing a strategic acquisition of a complementary family owned business.”
Belden Hill Partners, based in Stamford, CT, is a leading, independent corporate finance and investment banking advisor to family and closely held businesses across the United States and Canada. BHP serves a variety of multi-generational clients across numerous industries. The firm’s mindset is collaborative by nature, and the Principals work comfortably with a broad network of trusted advisers to best serve its clients.
About Top Notch Distributors, Inc.
Founded in 1975 by Chuck and Wanda Jurgensen in Honesdale, PA, Top Notch Distributors, Inc., one of the premier architectural door hardware distributors in the U.S., supplies both residential and commercial customers and covers numerous distribution channels from retail hardware stores, contract hardware dealers, and co-operative buying groups, to internet retailers and E-stores. Through four strategically-located, warehouse locations, spread across the United States, TND provides distribution and fulfillment services for over 50 manufacturers and 100,000 products on a comprehensive selection of architectural door hardware and accessories..
About Boyle & Chase, Inc.
Boyle & Chase, Inc. is a nationwide distributor of a complete line of decorative door hardware products and a full line of commercial hardware solutions, representing 20 major product lines. B&C is a second generation family business that has been in operation for over 60 years.