Generational Equity, a mergers and acquisitions advisor for privately held businesses, has announced the sale of its client — Fasteners, Inc. — to Monroe Engineering. The acquisition closed on January 31st, 2023.
Generational Equity advised Fasteners, Inc. in its sale to Monroe Engineering.
Fasteners, Inc., located in Englewood, Colorado, and founded in 1965, is a wholesale fastener distribution company. It spent decades building and offering an extensive selection of inventory, ensuring prompt and accurate delivery to its valued customers. Inventory included a vast range of components and materials, ranging from aluminum to stainless to heat-treated steel.
Fasteners’ excellent industry reputation and local brand awareness established it as a leading nuts and bolts distributor in the region.
Headquartered in Rochester Hills, Michigan (with multiple locations throughout the U.S.) Monroe Engineering is an ISO 9001:2015 & AS9100D-certified global industrial manufacturing company, offering a broad product line. Monroe has a diverse customer base of manufacturers, distributors, and catalog-houses across several vertical markets, including aerospace/defense, automotive, medical, transportation, and others.
It also offers a rich history, dating back to the 1920s and Otto Siewek’s role in developing “tooling components” that helped standardized mass production of automobiles.
Generational Equity executive managing director of M&A – Western Region, Stephen Crisham, and his team, which is led by managing director – M&A, Chad Comroe, successfully closed the deal. Executive managing director and group leader, Randy Kamin, established the initial relationship with Fasteners, Inc.
“The Fasteners’ shareholders were intent on finding a buyer that would create opportunities for the future success of the employees,” said Comroe. “Monroe fit the bill, and everyone is excited for the next stage of growth.”
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Filed Under: Fastener industry news