Vardis is Proud to Support Platinum Equity & PrimeSource Building Products in Appointing Tom Koos as President and Chief Executive Officer.
PrimeSource Building Products, Inc., the largest distributor of construction fasteners and one of the largest distributors of non-lumber building products in North America, announced the appointment of Tom Koos as President & CEO.
Koos was formerly CEO of Weber-Stephen Products LLC, the world’s largest manufacturer of outdoor gas, charcoal, electric grills and accessories. At Weber he was the company’s strategic and global operations leader. Prior to Weber, he was President and CEO of Jacuzzi Brands Corp.
Koos built a long track record of success in the consumer durable products industry, working for top brands including Black & Decker, where he served as Group President for Consumer Products Worldwide, and Newell Rubbermaid, where he held the posts of President of Goody Products and President of BernzOmatic.
“PrimeSource provides the building industry’s premier customer experience with the highest value products, brands and services,” said Koos. “I am honored to join PrimeSource’s legacy of service, operational excellence, customer loyalty and industry-preferred building products brands.”
“We are very pleased to welcome Koos to PrimeSource,” said Brandon Crawley, Interim CEO and Principal with Platinum Equity. “His more than 25 years of global supply, distribution and consumer brand experience will lead PrimeSource to a new level of excellence in distribution services and expand the reach of our industry leading Grip-Rite, Pro-Twist and other product brands.”
With 34 distribution centers throughout the USA and more than 1,100 employees, PrimeSource is an international distributor of building materials serving residential and industrial new-construction and remodeling markets as a value-added link in the distribution chain. Core products distributed under the nationally known Grip-Rite(R) and Pro-Twist(R) brands include: Nails, screws, and collated fasteners; tools, compressors and accessories; residential and commercial roofing products; diamond blades and accessories, gypsum accessories, weather protection and covers, adhesives and caulks, contractor bags and poly sheeting, building accessories; rebar and concrete accessories; and fencing and wire.
Founded by Tom Gores in 1995, Platinum Equity is a global investment firm with more than $7 billion in assets under management and a portfolio of operating companies that generated approximately $15 billion in revenue in 2013. Platinum Equity specializes in mergers, acquisitions and operations, a trademarked strategy the firm calls M&A&O(R), acquiring and operating companies in a broad range of business markets, including manufacturing, information technology, telecommunications, transportation and logistics, media, equipment rental, metals, and other industries. Over the past 19 years, Platinum Equity has completed more than 150 acquisitions.