Mendota Group acquires DRIV-LOK
The Mendota Group, in partnership with Capital for Business and Konza Valley Capital Inc., has acquired DRIV-LOK.
DRIV-LOK offers a range of press-fit fastening and joining components for OEMs and fastener distributors. Founded in 1936, DRIV-LOK manufactures more than 2,000 SKUs comprising spring pins, grooved pins, dowel pins, barbed pins and more, and specializes in manufacturing engineered, application-specific specials as well as standard parts through stocking distributors.
The Mendota Group, based in Madison, Wisconsin, focuses on private investments to support ownership transition and growth opportunities. The Mendota Group acquired DRIV-LOK in partnership with St. Louis-based Capital for Business and Kansas City-based KVCI.
XLS Partners Inc., an independent investment banking firm, acted as the exclusive M&A advisor to DRIV-LOK.
“XLS’s in-depth understanding of our business combined with its well-executed process, marketing efforts and fastener industry experience allowed them to share our story with great results,” said Gary Seegers, DRIV-LOK CEO. “We are proud of all that the DRIV-LOK team has achieved and are excited to have found the right partners to build upon that success going forward.”
“DRIV-LOK is a highly regarded brand in a niche market with a nearly 80-year history,” said Anthony Contaldo, partner of XLS. “We were seeking a strategic acquirer that understands the fastener space and was committed to supporting DRIV-LOK’s existing management team in continuing the strong growth trajectory, all while preserving the Company’s unique corporate culture. The Mendota Group and their financial partners were a great fit in every respect.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
