We are pleased to announce the sale of our client, Fasteners, Inc. to Monroe Engineering. The acquisition closed January 31, 2023.
Fasteners, Inc., located in Englewood, Colorado, and founded in 1965, is a wholesale fastener distribution company. The Company has a philosophy of building relationships with their customers, taking care of their customers’ needs and having inventory to support them. The Company’s extensive inventory is available for prompt, accurate delivery or shipment in materials ranging from aluminum to stainless to heat-treated steel. The Company’s excellent industry reputation and local brand awareness has established it as a leading nuts and bolts distributor in the region.
Headquartered in Rochester Hills, Michigan (with multiple locations throughout the U.S.) Monroe Engineering (Monroe) is an ISO 9001:2015 & AS9100D certified global industrial manufacturing company offering a broad product line and has a diverse customer base of manufacturers, distributors and catalog-houses across several vertical markets including aerospace/defense, automotive, medical, transportation and many more. Monroe has a rich history dating back to the 1920s and Otto Siewek’s role in developing “tooling components” which helped standardize mass production of automobiles.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham, and his team led by Managing Director - M&A, Chad Comroe, successfully closed the deal. Executive Managing Director and Group Leader, Randy Kamin established the initial relationship with Fasteners, Inc.
“The Fasteners’ shareholders were intent on finding a buyer that would create opportunities for the future success of the employees,” said Comroe. “Monroe fit the bill, and everyone is excited for the next stage of growth.”
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Industrials M&A Deals page.
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