Quad-C Management, Inc., a middle market private equity firm, announced that it has completed the sale of its investment in EFC International. The terms of the deal were not disclosed.

EFC is a global value-added solutions provider of highly engineered fasteners and specialty components offering engineering support, sales and marketing, distribution and high-touch service to customers in the automotive, industrial, and other technical end markets.

“Our experience with Quad-C was both outstanding and rewarding,” said Matt Dudenhoeffer, CEO of EFC. “We were very fortunate to have partnered with such a collaborative and supportive team. Their experience with the distribution industry and their insights focused on growth, profitability, and global diversification enabled us to transform our business, double our sales and accelerate our trajectory.”

The company has served as a critical link between suppliers and customers for over 35 years. EFC has a history of growth driven by longstanding supplier relationships and a tenured customer base.

“The true partnership we established with Matt and his team during our time together was second to none,” said Thad Jones, partner at Quad-C. “Management’s ability to execute a global expansion strategy, inclusive of opening offices in China, Mexico, Korea, Germany and the U.K. during our partnership speaks to the talent of the team and the value proposition of the Company’s business model in the global marketplace.”

“EFC is truly a unique business. The value that the company provides to both suppliers and customers has allowed EFC to sustain double digit organic growth rates for over a decade,” said Michael Brooks, Partner at Quad-C. “It has been an honor to have partnered with EFC and the entire team during this chapter in the company’s history, and we look forward to watching the team’s success for many years to come.”

Piper Sandler & Co. acted as financial advisor to the company in connection with the transaction.