Views
7 years ago

SPRING 2016

  • Text
  • Fastener
  • Fasteners
  • Hydrogen
  • Products
  • Distributor
  • Industrial
  • Distributors
  • Manufacturing
  • Embrittlement
  • Components
Distributor's Link Magazine Spring Issue 2016 / Vol 39 No2

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 & acquisition advisory services to the global fastener industry. Hagan has more than twenty-three 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 SECOND HALF OF 2015 In this issue, we will briefly review the fastener company acquisitions completed during the second half of the 2015 calendar year (see Link Fall 2015 Issue - page 42 - for the acquisitions completed in the first half of 2015). 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. With forty-seven deals being consummated last year, fastener industry deal-making activity was the most feverish we have seen over the past eight years ...... the time period Pinnacle has been assiduous in compiling this annual comprehensive deal list. On May 22, 2015, Birmingham Fastener Inc. purchased the Specialty Threaded Fasteners division of Vulcan Steel Products Inc. (“Vulcan Steel”). Located in Pelham, Alabama, Vulcan Steel’s Specialty Threaded Fasteners division (“STF”) manufactures anchor bolts, U-bolts, eye bolts, bent bolts and threaded studs for the North American construction and general industrial markets. Following the transaction closing, the STF production equipment and inventory were relocated to CONTRIBUTOR ARTICLE Birmingham Fastener’s main manufacturing plant in Birmingham, Alabama. A privately-owned company founded in 1980, Birmingham Fastener manufactures and distributes bolts and nuts for the steel construction, water works & utilities, oil & gas, heavy equipment and general industrial markets. Birmingham Fasteners is the largest manufacturer of T-head bolts and the largest distributor of A325 and A490 structural bolts in the United States. Following the sale of its STF division, Vulcan Steel will focus on the production of cold finished rod & bar and threaded rod for the oil & gas, construction, heavy equipment and general industrial markets. Purchase price: not available On June 23, 2015, Pan American Screw LLC (“PanAm Screw”) purchased Western Builders Supply Inc. (“WB Supply”). Founded in 1945 and located in Billings, Montana, WB Supply is a distributor of specialty construction fasteners sold to lumberyards, hardware stores and farm / ranch supply stores across the North Central and Rocky Mountain states. The company’s flagship line of star drive construction screws are marketed under the Big Timber® brand name. A family-owned business with approximately 30 employees, WB Supply will operate as a division of PanAm Screw and retain its own branding. PanAm Screw is a full-line distributor of specialty screws for construction, cabinetry, windows & doors, woodworking and sheet metal framing applications. The company was founded in 1957 and is headquartered in Conover, North Carolina. PanAm Screw products are marketed under three industry-leading brands: Deerwood Fasteners; Sure Drive USA; and Co-Op Screw. PanAm Screw is a business unit of The Marmon Group LLC, which is a portfolio company of Berkshire Hathaway Inc. (NYSE: BRK-A). Purchase price: not available CONTINUED ON PAGE 110

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