SPRING 2018

14 THE DISTRIBUTOR’S

14 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 SECOND HALF OF 2017 In this issue, we will briefly review all the fastener company acquisitions - a total of 27 worldwide - completed during the second half of 2017. See the Fall 2017 issue of Distributor’s Link (page 24) for the acquisitions completed during the first half of 2017. 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 a total of forty-nine transactions consummated during 2017, fastener industry deal-making remained very strong compared to recent years. On July 3, 2017, NORMA Group SE purchased an 80% equity stake in Fengfan Fastener Co. Limited (“Fengfan Fastener”). Founded in 1988 and headquartered in Shaoxing City, China, Fengfan Fastener is a manufacturer of cable ties, straps & buckles and specialty fire-resistant textiles made from stainless steel, plastic, nylon and other specialty materials. The company utilizes injection molding, casting, stamping and cutting processes in production. Fengfan Fastener employs around CONTRIBUTOR ARTICLE 190 people and generated net sales of approximately €15 million (US.7 million) in calendar 2016. Headquartered near Frankfort, Germany, NORMA Group (Frankfort Stock Exchange: NOEJ) develops and manufactures a broad range of clamps, connectors, fittings and joining products for companies and applications around the globe. The company operates 28 production facilities across Europe, Asia and the Americas and employs around 6,700 people worldwide. In calendar 2016, NORMA Group generated net sales of €895 million (US.05 billion). Purchase price: not available On July 12, 2017, Bolts & Nuts Corporation purchased Industrial Fastening of Macon LLC (“IFM”). Founded in 2012 and located in Macon, Georgia, IFM is a distributor of fasteners and Class C components, supplying OEM and MRO customers concentrated in central Georgia. Founded in 1979 and headquartered in Chattanooga, Tennessee, Bolts & Nuts is a full service distributor of fasteners and Class C components, providing advanced supply chain management services to a diverse range of OEM and MRO customers. Bolts & Nuts operates six branches in: Macon, Georgia; Mocksville, North Carolina; Louisville, Kentucky; Chicago, Illinois; Lincoln, Nebraska; and Hayward, California. Following the transaction closing, it is expected that the operations of IFM will be consolidated with Bolts & Nuts’ existing branch located in Macon. Bolts & Nuts is owned by Nebraska Heavy Industries LLC, a Lincoln, Nebraska-based investment company. Purchase price: not available CONTINUED ON PAGE 106