Brighton-Best International (BBI), a master fastener distributor, has announced the acquisition of Vertex Distribution, a one-source provider of corrosion-resistant fasteners in North America. Vertex offers a full line of metric fasteners in carbon and alloy steel, as well as rivets and hose clamps.
The purchase was structured as an asset transaction and will close on October 31, 2021.
“BBI management brings many years of hands-on experience running and growing companies,” shared Rich Megliola, president of Vertex Distribution. “They are great people, serious businesspeople, and very focused on helping their customers, suppliers, and employees achieve a higher level of success. I have found their insights and perspectives invaluable. They have interest and intense passion to lead our business.”
The two companies look forward to building a stronger business together, through their combined strength and experience.
“We are appreciative to DOT Family Holdings for the opportunity to acquire Vertex Distribution,” said Jun Xu, president of BBI. “Vertex has a deep legacy in the fastener industry with the company tracing its roots back to the 1880’s. We are excited to bring Vertex into the BBI family and to build forth a more robust and diversified business for our distributors.”
Xu and Megliola expressed their deep appreciation to their customers, suppliers, and employees who have previously shown their support to these companies.
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