Date
Apr 2022
Region
North Carolina
We are pleased to share the sale of our client, JLL49RS, L.L.C. (dba Fastco of Charlotte), to a Private Investor. The acquisition closed April 7, 2022.
Founded in 1980, and located in Charlotte, North Carolina, Fastco of Charlotte (Fastco) is a tool and fastener distributor. The company works with most commercial construction trades, as well as industrial and government agencies.
Fastco’s primary market and product focus is the commercial glazing industry, which includes fabrication and installation of storefronts, curtain walls, and unitized glazing.
Its product line includes not only fasteners but cutting tools, safety products, access equipment, and specialty tools used in the glazing trades. Fastco has a long-standing reputation for providing quality products, reliable expertise, and superior customer support.
Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team, led by Senior M&A Advisor, Gene Gall, with the support of Managing Director, M&A, Alex Mironov, successfully closed the deal. Executive Managing Director Tom Braun established the initial relationship with Fastco.
“The buyer and seller worked together to make this deal happen; CIBC was extremely helpful in getting the acquisition funded,” said Gall.
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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