Private Investor Acquires Fastco of Charlotte

Carlson Private Capital Partners Acquires LindFast Solutions Group

March 31, 2019

Industrial Services

Carlson Private Capital Partners closed its first investment by acquiring LindFast Solutions Group, a master distributor of specialty fasteners headquartered in Blaine, Minnesota. LindFast (formerly Lindstrom), which includes the Stelfast imperial fasteners business and a deep inventory of ~130,000 SKUs across North America, will serve as Carlson’s platform in the specialty fastener distribution market.

Nautic Partners Acquires LindFast Solutions Group

April 15, 2019

Industrial Services

Nautic Partners, LLC has completed the acquisition of LindFast Solutions Group in partnership with LindFast management. LindFast, headquartered in Blaine, Minnesota, is a master distributor of specialty fasteners offering a deep virtual inventory (~130,000 SKUs) and value‑added services; Nautic plans to support organic growth, cross‑selling and selective add‑on acquisitions. Financing for the transaction was provided by Ally Financial and GSO Capital Partners.

United Fastener (Lynx Equity) Acquires Topeco Products

September 1, 2024

Industrial Services

United Fastener, a San Diego-based subsidiary of Toronto private equity firm Lynx Equity Limited, has acquired Topeco Products, a National City, California supplier of automotive fasteners and hardware. The acquisition is an add-on to United Fastener’s fastener wholesale platform and is intended to consolidate regional distribution, expand customer relationships in Southern California, and realize operational synergies by relocating Topeco’s operations into United Fastener facilities.

Monroe Engineering Acquires Fasteners, Inc.

January 31, 2023

Industrial Services

Monroe Engineering has acquired Fasteners, Inc., a regional wholesale fastener distributor based in Englewood, Colorado. The transaction, which closed January 31, 2023, was advised by Generational Equity and represents an add-on acquisition to Monroe’s industrial hardware and fastener platform to expand its regional distribution and inventory capabilities.

White Cap Acquires Diamond Tool & Fastener

December 16, 2021

Building Products

White Cap Supply Holdings, LLC has acquired Diamond Tool & Fastener, Inc., a Philadelphia-based supplier of tools, fasteners and equipment rental and service. The acquisition adds Diamond Tool’s Philadelphia and Edgewater Park locations and a Bristol distribution center to White Cap’s Northeast footprint, expanding its service and product offerings for professional contractors in the region.

Highland Roofing Company & Coastal Fabrication Sold to Private Investors

December 10, 2021

Construction

Highland Roofing Company and related sheet-metal business Coastal Fabrication, Inc., both headquartered in Wilmington, North Carolina, were sold to private investors in a transaction that closed on December 10, 2021. The buyer group was undisclosed; the seller engaged Generational Equity as M&A advisor to execute the sale to investors focused on maintaining employee culture and continuity.