Generational Equity, a mergers and acquisitions advisor for privately held businesses, has announced the sale of its client, JLL49RS, L.L.C. (dba Fastco of Charlotte) to a private investor. The acquisition closed April 7, 2022.
Founded in 1980 and located in North Carolina, Fastco of Charlotte is a tool and fastener distributor. The company works with most commercial construction trades, as well as industrial and government agencies.
Fastco’s primary market and product focus is the commercial glazing industry, which includes fabrication and installation of store fronts, curtain walls, and untized glazing.
Its product line includes not only fasteners but cutting tools, safety products, access equipment, and specialty tools used in the glazing trades. Fastco has a long-standing reputation for providing quality products, reliable expertise, and superior customer support.
Generational Equity’s executive managing director, Tom Braun, established the initial relationship with Fastco. David Fergusson, Generational Equity’s executive managing director and M&A-technology practice leader, and his team successfully closed the deal. This team was led by senior M&A advisor, Gene Gall, and the support of managing director of M&A, Alex Mironov.
“The buyer and seller worked together to make this deal happen; CIBC was extremely helpful in getting the acquisition funded,” said Gall.