Master distributor buys fastener manufacturer
LindFast Solutions Group (LSG) announced it has completed the acquisition of Big Bolt.
LSG – a portfolio company of Nautic Partners – is a North American master distributor of specialty fasteners and serves as a supply chain partner and sourcing solution to a broad base of distributor customers. For more information, please visit www.lindfastgrp.com.
Big Bolt is a manufacturer of high-quality, specialty fasteners serving distributor customers across diverse markets. They are a supplier for highly customized, low volume orders.
“We look forward to expanding Big Bolt’s ability to serve our collective customers by leveraging LSG’s significant base of fastener expertise, salesforce experience, inventory and physical locations across North America, said LSG CEO Bill Niketas. "We are confident this combination is very powerful and continues to establish LSG as the provider of choice for all fastener needs, focused on creating value for our customers, suppliers, employees, and all stakeholders. As with other recent acquisitions by LSG, little change is expected at Big Bolt. LSG’s goal is to maintain the exceptional Big Bolt brand name in the market. Big Bolt will continue to operate out of its existing facility, will remain on the same ERP system, and will extend the same policies currently in place.”
Chris Pierce, a managing director of Nautic, said, “We are enthusiastic about the combination of LSG and Big Bolt due to the growth opportunity of the combined business – the addition of Big Bolt to the LSG portfolio allows both businesses to better service and growth their combined customer base.
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