AFC Industries Acquires Cavanaugh Government Group

AFC Industries Acquires QFC Industries

April 25, 2023

Industrial Services

AFC Industries has acquired QFC Industries, a fastener distributor headquartered in Arlington, Texas. The add-on deal (terms undisclosed) expands AFC’s geographic presence in the South and West, deepens its distribution and VMI capabilities, and brings QFC’s team and two distribution centers into AFC’s platform backed by Bertram Capital.

AFC Industries (Bertram Capital) Acquires Chicago Industrial Fasteners

December 31, 2023

Industrial Services

AFC Industries, a portfolio company of Bertram Capital Management, has acquired Chicago Industrial Fasteners, a West Chicago, Illinois-based distributor of specialty and standard fasteners. Mazzone & Associates acted as exclusive financial advisor to Chicago Industrial Fasteners; the deal expands AFC's supply-chain capabilities and product offerings for OEMs across heavy truck, renewable energy, defense and automotive end markets.

Fulton Asset Management Acquires AFCO Industries

August 25, 2025

Building Products

Fulton Asset Management, a family-backed investment platform based in Chicago, has acquired AFCO Industries, Inc., a vertically integrated U.S. manufacturer of aluminum, fiberglass, vinyl, and composite building products and a provider of CNC metal fabrication and contract manufacturing services headquartered in Alexandria, Louisiana. AFCO's existing leadership will remain in place; Fulton said the deal expands its industrial portfolio and reflects a long-term commitment to U.S. manufacturing.

AFC Industries Acquires Globe International Corporation

March 26, 2024

Industrial Services

AFC Industries, a West Chester, Ohio-based fasteners and industrial supplies distributor and portfolio company of Bertram Capital, has acquired Globe International Corporation, a Philadelphia-based distributor of fasteners, garage door hardware and galvanized aircraft cable. The deal expands AFC’s product and geographic footprint in the overhead door and industrial fastener markets; terms were not disclosed.

AFC Industries (Bertram Capital) Acquires Motor City Industrial from Kian Capital and Oakland Standard

January 20, 2023

Logistics & Distribution

AFC Industries, a portfolio company of Bertram Capital, has acquired Motor City Industrial from private equity investors Kian Capital Partners and Oakland Standard. The add-on expands AFC's value‑added distribution footprint for fasteners and consumable industrial products, bringing Motor City’s vendor-managed inventory, kitting and technology capabilities into AFC’s platform; terms were not disclosed.

Bertram Capital Acquires AFC Industries from Incline Equity Partners

April 20, 2021

Industrial Services

Bertram Capital announced the acquisition of Fairfield, Ohio-based AFC Industries, a distributor of fasteners and C-parts and provider of vendor-managed inventory and value-added kitting/assembly services. AFC was sold by Incline Equity Partners; financial terms were not disclosed. Bertram said it will leverage its Bertram Labs technology and operational playbook to accelerate AFC's organic and acquisitive growth across its North American footprint.