BFC Group Acquires Arrowhead Industries

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.

Alliant Insurance Services Acquires The Arrow Group

October 31, 2023

Insurance

Alliant Insurance Services has acquired The Arrow Group, a retail property and casualty insurance agency based in Broken Arrow, Oklahoma. The acquisition expands Alliant's presence and local capabilities in Oklahoma and surrounding areas and the Arrow Group will operate as Alliant Insurance Services from its Broken Arrow headquarters.

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.

Thomas Scientific Acquires Arrowhead Forensics

October 19, 2023

Professional Services

Thomas Scientific completed the acquisition of Lenexa, Kansas-based Arrowhead Forensics on October 5, 2023. The deal expands Thomas Scientific’s product portfolio and Midwest distribution/kitting capabilities, and brings Arrowhead’s forensics expertise and customer relationships (particularly with law enforcement and government agencies) into Thomas’s offering.

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.

Charter Manufacturing Acquires Aarrowcast from Industrial Opportunity Partners

November 30, 2021

Manufacturing

Charter Manufacturing Company, a family-owned metals manufacturer, has acquired Aarrowcast, Inc., a Shawano, Wisconsin-based foundry, from Industrial Opportunity Partners. Terms were not disclosed; Aarrowcast casts ductile, gray and austempered ductile iron components for agriculture, off-highway heavy truck, military and construction markets.