AFC Industries Acquires Meg Technologies in Huntington Beach - Modern Distribution Management

AFC Industries Acquires Meg Technologies in Huntington Beach

It marks the distributors’ third deal of 2024 after seven in 2023.
AFC Industries

Fasteners and industrial supplies distributor AFC Industries acquired Meg Technologies Inc. — a provider of military standard aerospace fasteners to OEMs, maintenance facilities, Department of Defense customers and a variety of other aerospace distributors.

Founded in 1981 and based in Huntington Beach, CA, MTI is led by Owner and President Tammy Buck.

Terms of the deal were not disclosed. It marks AFC’s third acquisition of 2024 after seven in 2023. AFC has been owned by Bertram Capital since April 2021.

“We were looking to strengthen our capabilities and position within the aerospace market and MTI offered us the ability to do that while adding a team that has a great reputation and relationship with its customers and suppliers,” AFC Chief Executive Kevin Godin said in a May 20 news release. “Putting these two businesses together strengthens them both. We look forward to working together toward shared success.”

Godin joined the MDM Podcast for an August 2023 episode to discuss AFC’s acquisition strategy.

“We have spent many years building our business around providing excellent quality and service to our customers, and it was important to find a partner that understood and valued what has made us successful and would build on it,” Buck added.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!