Capstone Partners advised Dave’s Lock Service, Inc. and Southbay Hardware, Inc. on its sale to CID Capital. The transaction closed on September of 2026 and terms of the deal were not disclosed.
Dave’s Lock Service and Southbay Hardware are complementary providers of access control and electrified hardware solutions—combining value-added hardware distribution with installation, project management, and ongoing support capabilities. The companies offer national reach and expertise across a broad range of access technologies, serving customers across commercial and multifamily-end markets. To learn more about Dave’s Lock Service and Southbay Hardware, visit here and here.
Capstone’s deep understanding of our business, extensive industry knowledge, and transaction expertise made them an invaluable advisor throughout the process. Their team provided strategic guidance and hands-on support at every stage, helping us navigate the transaction with confidence. Their experience in the access controls and security sectors was instrumental in identifying the right partner for Dave’s Lock Service and Southbay Hardware and achieving an exceptional outcome for the Company and our employees.
The transaction is expected to support continued expansion across new and existing geographies, end markets, and service offerings while maintaining the strong customer relationships and technical expertise that have driven the companies’ success in the market.
Crista Gilmore, Managing Director at Capstone Partners, commented, “It was a privilege to work with Mike, Kyle, and the teams at DLS and SBH. Mike and Kyle have built a differentiated leader in the access and security hardware market, distinguished by its deep technical expertise, unique delivery model, and strong position across both commercial and multifamily end markets. Throughout the process, CID Capital emerged as the clear partner of choice given its strategic alignment, cultural fit, and experience within the door hardware distribution sector. We are proud to have helped achieve a successful outcome for the shareholders and the broader organization, and we are grateful for the trust the team placed in Capstone throughout the engagement. This transaction is a testament to the exceptional business Mike and Kyle have built and the vision, dedication, and hard work of the entire DLS and SBH team.”
CID Capital is a lower-middle-market private equity firm focused on investing in industrial products, services, and distribution businesses, with relevant experience in the commercial door and hardware sector. The firm partners closely with founders and management teams, providing operational expertise, resources, and capital to support growth and long-term value creation. To learn more about the firm, click here.
The investment banking professionals on Capstone Partners’ dedicated Building Products and Construction Services Team work with leading middle market companies operating in the contractors’ services market to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our BPCS Banking Team, contact us.
