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Distributor's Link Magazine Fall 2018 / Vol 41 No4

26 THE DISTRIBUTOR’S

26 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 and 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 2018 In this issue, we will briefly review all the fastener company acquisitions - a total of 30 worldwide - completed during the first six months of 2018. 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, 2018, Tenex Capital Management L.P. (“Tenex”) purchased Automotive Vehicle Company, doing business as Auveco Products. Founded in 1916 and located in Cold Spring, Kentucky (near Louisville), Aveco Products distributes a broad range of fastener products to the auto body repair shop aftermarket and to the general industrial MRO market. A privately-owned company, Auveco Products sells through a network of master distributors who subsequently service hundreds of thousands of collision centers, repair shops, dealerships and general industrial manufacturers throughout North America. The Auveco Products master catalog is considered the encyclopedia of the auto body hardware industry and contains more than 20,000 SKUs and more than 800 pages. The catalog is available in print and online. Auveco Products offers customers more than 500 pre-packaged assortments (in plastic compartment boxes), along with metal storage cabinets. The company also provides retail displays, unit packaging and bulk packaging (in both bags and boxes). Auveco Products is a new platform investment for Tenex, a New York City-based private equity firm with more than 0 million of committed capital under management. Purchase price: not available On January 5, 2018, Threaded Fasteners Inc. purchased Bolt & Nut Inc. Founded in 1977 and located in Tampa, Florida, Bolt & Nut is a manufacturer and distributor of fasteners for construction and general industrial applications. Bolt & Nut operates from a 50,000 square foot manufacturing and warehouse facility and employs 21 people. Founded in 1979 and headquartered in Crichton, Alabama (outside Mobile), Threaded Fasteners is a manufacturer and CONTRIBUTOR ARTICLE distributor of steel fasteners for electric utility tower, highway structure, metal building, chemical processing, commercial marine and general industrial applications. An employee-owned company since 2012, Threaded Fasteners operates seven branches located in: Semmes, Alabama; Pensacola, Florida; Panama City, Florida; Tampa, Florida; Gulfport, Mississippi; Chattanooga, Tennessee; and Tulsa, Oklahoma. The company has an aggregate of more than 232,000 square feet of manufacturing and warehouse space and employs more than 160 people. Following the transaction closing, the Tampa branch of Threaded Fasteners was consolidated into the nearby Bolt & Nut facility. Purchase price: not available On January 12, 2018. Fairmont Supply Company (“Fairmont”) purchased THB Inc. Founded in 1986 and headquartered in Salt Lake City, Utah, THB is a distributor of production fasteners supplying a diverse customer base including automotive, high pressure valves, fitness equipment and medical devices. In addition to a full line of fastener products, THB provides customers with customized packaging, kitting and light assembly services. The company offers more than 100,000 SKUs and maintains a branch warehouse in Boise, Idaho. Founded in 1921 and headquartered in Washington, Pennsylvania, Fairmont is a full-line distributor of industrial MRO supplies serving customers across the United States. Fairmont is ranked number 49 on Industrial Distribution’s Big 50 List of industrial suppliers. The company operates 17 distribution centers, along with on-site store locations serving more than 5,000 active customer accounts. The company offers more than 200,000 SKUs and differentiates itself by serving as a one-stop shop for customers’ industrial MRO requirements and creating tailored programs for customers’ needs. Following the transaction closing, THB expanded its product offering to include a full-line of industrial MRO supplies. Fairmont is a portfolio company of Tenex Capital Management L.P., a New York City-based private equity firm with 0 million under management. Purchase price: not available CONTINUED ON PAGE 140

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    advertisers index # 3Q, INC. 64 Spl

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