DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its 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 customer’s 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 standardized 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.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 350 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. The Global M&A Network named Generational USA Investment Bank of the Year in 2023. For more information visit https://www.genequityco.com/ or the Generational Equity press room.
