General Hardware Company, Inc. Acquires Dykes Restaurant Supply, Inc.
General Hardware Company, Inc., a River Capital portfolio company, has announced its acquisition of Dykes Restaurant Supply, Inc. (“Dykes”). River Capital, headquartered in Atlanta, Georgia, is a private investment firm. The purchase price was not disclosed.
Dykes, based in Huntsville, Alabama, is a supplier of equipment and other items to restaurant chains, nursing homes, country clubs, colleges and hospitals. The acquisition will broaden General Hardware’s product offering and distribution channels.
River Capital is one of the oldest firms of its type in the Southeast and has acquired companies in a broad range of industries with combined annual revenues in excess of $600 million. River Capital primarily invests in light manufacturing, distribution and select service companies with purchase prices of $10 million to $50 million. For add-on acquisition candidates, the firm will consider companies with a purchase price less than $10 million.