Generational Equity, a mergers and acquisitions advisor for privately held businesses, has announced the sale of its client — Fasteners, Inc. — to Monroe Engineering. The acquisition closed on January 31st, 2023.
Fasteners, Inc., located in Englewood, Colorado, and founded in 1965, is a wholesale fastener distribution company. It spent decades building and offering an extensive selection of inventory, ensuring prompt and accurate delivery to its valued customers. Inventory included a vast range of components and materials, ranging from aluminum to stainless to heat-treated steel.
Fasteners’ excellent industry reputation and local brand awareness established it as a leading nuts and bolts distributor in the region.
Headquartered in Rochester Hills, Michigan (with multiple locations throughout the U.S.) Monroe Engineering is an ISO 9001:2015 & AS9100D-certified global industrial manufacturing company, offering a broad product line. Monroe has a diverse customer base of manufacturers, distributors, and catalog-houses across several vertical markets, including aerospace/defense, automotive, medical, transportation, and others.
It also offers a rich history, dating back to the 1920s and Otto Siewek’s role in developing “tooling components” that helped standardized mass production of automobiles.
Generational Equity executive managing director of M&A – Western Region, Stephen Crisham, and his team, which is led by managing director – M&A, Chad Comroe, successfully closed the deal. Executive managing director and group leader, Randy Kamin, established the initial relationship with Fasteners, Inc.
“The Fasteners’ shareholders were intent on finding a buyer that would create opportunities for the future success of the employees,” said Comroe. “Monroe fit the bill, and everyone is excited for the next stage of growth.”