Monroe Engineering Holdings Acquires Spangle Fasteners, Inc.
January 2, 2018
Monroe Engineering Holdings, a ShoreView Industries portfolio company, has acquired Spangle Fasteners, Inc. as an add-on to Monroe’s industrial hardware platform. The deal — which adds Spangle’s fastener supply capabilities and warehouse footprint in Indiana and Texas — increases Monroe’s financial scale by roughly 30% and preserves Spangle’s management team to support cross-selling and geographic expansion.
- Buyers
- Monroe Engineering Holdings, LLC, ShoreView Industries, LLC
- Targets
- Spangle Fasteners, Inc.
- Platforms
- Monroe Engineering Holdings, LLC
- Industry
- Industrial Services
- Location
- Indiana, United States
- Transaction Type
- Addon
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