Specialty fastener master distributor LindFast Solutions Group (LSG) acquired specialty fasteners manufacturer Big Bolt.
Company officials said the deal offers an opportunity for the combined business to improve service and grow its combined customer base. Illinois-based Big Bolt has comprehensive in-house fabrication capabilities with a focus on quick turnaround times and product quality, and is a “go-to” supplier for highly customized, low volume orders, according to a Dec. 24 news release.
“We look forward to expanding Big Bolt’s ability to serve our collective customers by leveraging LSG’s significant base of fastener expertise, salesforce experience, inventory and physical locations across North America,” LSG CEO Bill Niketas said. “We are confident this combination is very powerful and continues to establish LSG as the provider of choice for all fastener needs, focused on creating value for our customers, suppliers, employees and all stakeholders.”
This is the sixth acquisition under portfolio company Nautic Partners, which acquired LSG in 2019 in partnership with management.
“As with other recent acquisitions by LSG, little change is expected at Big Bolt,” Niketas said. “LSG’s goal is to maintain the exceptional Big Bolt brand name in the market. Big Bolt will continue to operate out of its existing facility, will remain on the same ERP system, and will extend the same policies currently in place,” Niketas said.
In May, LSG acquired Merco Tape, another master distributor.
Related Posts
-
CO-based Distributor Wire and Cable is a master distributor of wire and cable products, operating…
-
Waring Oil expands its presence in Southeastern U.S. with the acquisition of Baton Rouge-based Lavigne…
-
Maryland Metals Processing is a stainless and aluminum toll processor that operates from a single…