Direct Metals, Inc. Acquired by Trivest Partners in Partnership with First Lexington Capital and DMI CEO Andrew Mullen

We are leased to announce the sale of our client, Direct Metals, Inc., to Trivest Partners in partnership with First Lexington Capital and DMI CEO Andrew Mullen. The acquisition closed August 1, 2025.

Based in Fort Myers, Florida, Direct Metals, Inc. (DMI) is a second generation, family-led designer and supplier of roofing fasteners and accessories. The Company’s proprietary and branded fasteners, including its flagship Panclip product line, have become the gold standard in the fast-growing U.S. metal roofing industry.

Located in Coral Gables, Florida, Trivest Partners is a leading founder-focused private equity firm. Trivest’s investment in DMI represents Fund VII’s eighth platform investment. The partnership will pursue both organic growth and strategic acquisitions, leveraging DMI’s strong brand, exceptional customer relationships, and robust logistical capabilities.

“We are very excited to partner with Andrew and the team at Trivest,” said Bob Bennett of First Lexington. “DMI Direct Metals is a remarkable, founder-led enterprise in a fast-growing segment of the consolidating construction hardware business. We are looking forward to becoming a dominant player in this industry, with the financial backing of Trivest and the leadership of Andrew and his team at DMI Direct Metals.”

“Trivest is proud to partner with founders like Andrew Mullen to transform strong regional leaders into nationally recognized businesses, while preserving the unique culture and customer-first values that made them successful,” said Steve Reynolds, Partner at Trivest.

Andrew Mullen, CEO of DMI, added: “This partnership marks an exciting new chapter for DMI. With Trivest’s expertise and resources, along with Bob Bennett’s proven track record in fasteners, we are well-positioned to expand into new markets, broaden our product offerings, and deliver even greater value to our customers.”

Generational Group Executive Managing Director, M&A, Eastern Region – David Fergusson, and his team led by Senior Managing Director, M&A, Terry Mackin, with the support of Senior Vice President, M&A, Tristan Keeffe successfully closed the deal. Senior Managing Director, Roger Dean and Senior M&A Advisor and Conference Group Leader, Peter Stone established the initial relationship with Direct Metals, Inc.

Ryan Binkley, CEO of Generational Group, stated, “This transaction demonstrates our dedication to creating partnerships that deliver lasting impact. We are excited to bring together two organizations with shared goals and the drive to achieve success together.”