Builder News, News, V8I3

Leonard Acquires Cook Portable Warehouses

Leonard Group Inc., a full-service retailer of sheds, trailers, and truck accessories headquartered in Mount Airy, North Carolina, reports it has acquired Cook Portable Warehouses.

“We are more than excited to welcome the entire Cook team to Leonard,” says Mike Pack, CEO of Leonard. “The Cook manufacturing expertise and long-tenured team, coupled with the additional Cook retail locations, will be a catalyst for our unit growth and expansion strategy.” 

Headquartered in Cobden, Illinois, Cook is a manufacturer and retailer of premium storage sheds across a 14-state footprint. 

Cook is Leonard’s fourth add-on acquisition since partnering with Kinderhook Industries LLC last year. Financial terms of the transaction were not disclosed.

“The combination of Cook and Leonard is an exceptional match given both companies’ commitment to quality and exceptional customer service,” says Greg Cook, founder and president of Cook. “We look forward to working together to better serve our customers.” 

Founded in 1984, Cook delivers a broad assortment of quality portable storage solutions through its 65 company-operated retail locations and a broad network of independent dealers, supported by five strategically located manufacturing facilities. 

Leonard shares that Cook has established itself as the leader in its markets by providing unmatched value, exceptional product quality, and superior customer service.

“We are thrilled with the addition of Cook, and we look forward to leveraging the capabilities of the combined businesses to accelerate growth,” says Tom Tuttle, managing director of Kinderhook.

“With this transaction, Leonard has nearly doubled its number of corporate retail locations and attained critical manufacturing capabilities.” 

The acquisition of Cook will accelerate Leonard’s expansion plans by providing a sizable retail and manufacturing presence in new geographies stretching across the Midwest, Texas, and the Gulf Coast.

“Consistent with our original investment thesis, the acquisition of Cook brings Leonard closer to becoming a national retailer,” says Paul Cifelli, managing director of Kinderhook.

“Following this acquisition, Leonard has a retail presence in 18 states, and with more than 135 corporate-managed retail locations we will be the leading specialty retailer of storage sheds, trailers, and truck accessories in North America.” 

Monroe Moxness Berg PA served as legal counsel to Leonard. Financing for the transaction was provided by Twin Brook Capital Partners LLC.


Kinderhook Acquires Leonard, June 17, 2021

Leave a Comment

Your email address will not be published. Required fields are marked *


Current Issue

June/July 2024