Views
7 years ago

FALL 2016

  • Text
  • Fastener
  • Fasteners
  • Products
  • Manufacturing
  • Industrial
  • Screws
  • Components
  • Bolt
  • Distributor
  • Distributors
Distributor's Link Magazine Fall Issue 2016 / Vol 39 No4

36 THE DISTRIBUTOR’S

36 THE DISTRIBUTOR’S LINK Richard Hagan Richard P. Hagan is the president of Pinnacle Capital Corporation, a boutique investment banking firm which specializes in providing merger & acquisition advisory services to the global fastener industry. Hagan has more than twenty-five years of international investment banking experience and has worked on successful domestic and cross-border M&A transactions, corporate restructurings and capital raisings. Hagan earned a B.A. in Economics from the University of North Carolina at Chapel Hill and an M.B.A. in Finance from Fordham University in New York City. Contact: Phone: 212-267-8200 or Email: rphagan@pinnaclecapitalcorp.com. FASTENER COMPANY ACQUISITIONS COMPLETED DURING THE FIRST HALF OF 2016 In this issue, we will briefly review all the fastener company acquisitions - a total of 24 worldwide - completed during the first 6 months of 2016. It is impossible to track every single fastener company transaction because many deals involving private companies are not publicly disclosed. That said, we believe the following list is the most comprehensive and detailed you will find. On January 4, 2016, Applied Industrial Technologies Inc. (‘’Applied’’) purchased Hub City Industrial Supply Inc., doing business as HUB Industrial Supply (‘’HUB’’). Founded in 1990 and headquartered in Lake City, Florida, HUB is a distributor of consumable industrial supplies including saw blades & cutting tools, fasteners, abrasives, paints & chemicals and janitorial supplies. The company has branch warehouses in Indianapolis, Indiana, and Las Vegas, Nevada and employs 52 people. HUB generates annual net sales of more than million with nearly 50% of sales derived from private label products. Founded in 1923 and headquartered in Cleveland, Ohio, Applied is a value-added distributor of industrial supplies, serving OEM and MRO customers throughout North America, Australia, and New Zealand. Applied also provides engineering, design and systems integration services for fluid power and mechanical applications. The company operates 12 distribution centers, 560 service centers and employs more than 5,800 people worldwide. In the 12 months ended June 30, 2015, Applied (NYSE: AIT) generated net sales of .75 billion. Following the transaction CONTRIBUTOR ARTICLE closing, HUB will become a business unit of the Applied Maintenance Supplies & Solutions business segment. Purchase price: not available On January 5, 2016, EFC International Inc. (“EFC”) purchased Technology Components Southwest LLC (‘’TCS’’). Founded in 2003 and located in Fort Worth, Texas, TCS is a distributor of brand name fasteners and assembly components. The company focuses on supplying industrial end-users and distributors located predominantly in the Southwestern United States and Mexico. TCS is an authorized distributor for numerous premier fastener manufacturers including: Sherex Fastening Solutions; Stanley Engineered Fastening Solutions; ITW Fastex; and PSM International. Founded in 1983 and headquartered in St. Louis, Missouri, EFC is a distributor of premiumquality, brand name fasteners and assembly hardware, supplying both end-users and the distributor market. The company specializes in providing customers with design & technical support and application engineering services. EFC is an authorized distributor for such premier fastener manufacturers as Illinois Tool Works, Norma Group, ARaymond Tinnerman, Stanley Engineered Fastening Solutions, Spirol International and TRW Engineered Fasteners. The company operates six branch warehouses in: Atlanta, Georgia; Dallas, Texas; Chicago, Illinois; Detroit, Michigan; Toronto, Canada; and Queretaro, Mexico. EFC is a portfolio company of Quad-C Management Inc., a Charlottesville, Virginia-based private equity firm. Purchase price: not available CONTINUED ON PAGE 148

SHARE A PAGE FROM THIS MAGAZINE

OPTION 1: Click on the share tab above, or OPTION 2: Click on the icon (far right of toolbar) and then click on the icon (top right of the page).

Copyright © Distributor's Link, Inc. All Rights Reserved | Privacy Policy