We are pleased to announce the sale of Action Fastenings, Inc. to a Private Investor. The acquisition closed December 18, 2020 and details were not disclosed.
Located in Minneapolis, Minnesota, Action Fastenings was founded in 1989 and is a leading distributor of specialty tools and fasteners for the commercial construction industry. With an emphasis on providing exceptional customer service, industry expertise, and a wide and growing product offering, the Company is recognized as a leader in supplying specialty tools and fasteners in the Minnesota marketplace.
The Company focuses on providing the following products: Fasteners, nuts/bolts/hardware/screws, anchoring/direct fastening products, power tools & accessories, cutting products, construction consumables, firestop/foam/adhesives/tapes, and safety & fall protection products. The Company has over 60 leading suppliers of these products, making it one of the largest distributors of these items in its market.
Generational Equity Executive Managing Director of M&A - Central Region, Michael Goss and his team, led by Senior M&A Advisor, Andrew Byrd, successfully closed the transaction. Senior Managing Director Brian Hendershot established the initial relationship with Action Fastenings.
“The new ownership of Action Fastenings is a perfect match,” said Byrd. “Both parties have bright futures, and I am delighted we were able to be a part of making their transaction a success.”
If you’d like to explore other M&A transactions our associates have supported in this industry, visit our dedicated Construction and Engineering M&A Deals page.
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