Industrial Group Holdings Acquires Standard Locknut

Tonka Bay Equity Partners Acquires Standard Locknut

November 30, 2022

Manufacturing

Tonka Bay Equity Partners led the acquisition of Standard Locknut, LLC, a Indianapolis-based manufacturer of bearing accessories and components. Northstar Capital provided junior debt and an equity co-investment to finance the transaction; Standard Locknut was sold by Dunes Point Capital (a division of Industrial Group Holdings) as part of Tonka Bay's growth strategy to expand capabilities in engineered manufacturing.

Colony Hardware Acquires Michigan-Based B&L Bolt and Slip-On Lock Nut

November 9, 2022

Building Products

Colony Hardware Corporation, a portfolio company of Audax Private Equity, has acquired Michigan-based value-added distributor B&L Bolt, Inc. and Slip-On Lock Nut, LLC. The add-on expands Colony's direct-to-jobsite distribution footprint in Michigan (Grand Rapids and Kalamazoo), broadens its product offering for contractors and manufacturers, and keeps management involvement with Dave Vander Ploeg retaining a stake.

LindFast Solutions Group (Nautic Partners) Acquires Big Bolt

December 24, 2024

Manufacturing

LindFast Solutions Group (LSG), a portfolio company of Nautic Partners, has completed the acquisition of Big Bolt, a Bloomingdale, Illinois-based manufacturer of specialty fasteners. The add-on acquisition expands LSG's manufacturing capabilities and product offering to better serve distributor customers across North America; Lincoln International acted as exclusive financial advisor to Big Bolt.

EDSCO Fasteners Acquires Indiana Anchor Bolt, Inc.

January 2, 2019

Manufacturing

EDSCO Fasteners, a Denton, Texas-based supplier of foundation anchoring systems and a portfolio company of LFM Capital, has acquired Indiana Anchor Bolt, Inc., a Waterloo, Indiana-based manufacturer of structural steel products. The acquisition adds an Indiana facility to EDSCO’s network and broadens its product offerings to customers in the utilities, construction, and transportation end markets.

Gamut Capital Management Acquires Davis-Standard from ONCAP

November 9, 2021

Manufacturing

Gamut Capital Management has signed a definitive agreement to acquire Davis-Standard, LLC from ONCAP (the middle-market private equity platform of Onex). Davis-Standard, a Pawcatuck, Connecticut–headquartered designer and manufacturer of extrusion and converting systems with more than 1,400 employees worldwide, will be positioned for accelerated growth and expanded aftermarket and process-solutions capabilities under Gamut's ownership. Financial terms were not disclosed; the deal was expected to close in Q4 2021.

Milton Industries Acquires LTI Tools (Lock Technologies) and Casey Tools

July 22, 2022

Manufacturing

Milton Industries has acquired Lock Technologies (designer and manufacturer of the LTI Tools brand) and the Casey Tools brand, both based in Naperville, Illinois. The deal expands Milton's product lineup and distribution channels into specialty automotive and technician tools; Wayne and Ellery Casey (the sellers) will remain involved in transition roles and retain/receive equity positions.