Supply Chain Equity has partnered with Dan Floeck to recapitalize Herbert L. Flake Company ("HLF"). Headquartered in Houston, Texas, HLF is a value-added business-to-business distributor of security hardware & access control products. HLF has joined forces with Supply Chain Equity Partners, a private equity firm focused exclusively on the distribution industry, to accelerate the company's growth and provide liquidity to its existing shareholders.
Dan Floeck, CEO of HLF, said "We are excited to have Supply Chain Equity as our new partner. Their track record of success in distribution will supplement our growth initiatives and further enhance our ability to offer our customers premium service." Mr. Floeck will continue to lead HLF as its CEO and will remain the largest individual shareholder of HLF.
HLF offers a full range of locksmith supplies from the leading manufacturers in the mechanical and electromechanical security industry. Founded in 1912, HLF distributes security products across North America from its centralized distribution center in Houston, Texas. Products include locks, automotive keys, and tools/machines/supplies used by locksmiths and industry professionals to service a variety of end-markets. The company sells over 25,000 different items to more than 7,500 customers and has a long history of exceptional service to its customers.
Jim Miller, Founding Principal of SCEP, said "We look forward to partnering with Dan Floeck and the HLF team and continue growing the business organically and through strategic add-on acquisitions."
Based in Tampa, FL, Supply Chain Equity Partners is the only committed-capital private equity firm in North America that invests exclusively in the distribution and logistics space. Founded and backed by industry veterans, SCEP works to help build and support industry-leading distribution companies. For more information, visit www.SupplyChainEquity.com.
