LindFast Solutions Group Completes Acquisition of Big Bolt
Deal News | Dec 24, 2024 | Nautic
LindFast Solutions Group (LSG), a portfolio company of Nautic Partners, has successfully acquired Big Bolt. LSG is recognized as a leading master distributor of specialty fasteners in North America, serving as a crucial supply chain partner to a broad range of distributor customers. This acquisition is part of LSG's strategy to expand its offerings and enhance its supply chain capabilities. Big Bolt, known for its quick turnaround times and high-quality specialty fasteners, will continue to operate under its established brand with minimal changes post-acquisition. The acquisition is expected to leverage LSG's experience and inventory to better serve the joint customer base. Nautic Partners' involvement in this acquisition marks the sixth for LSG during their ownership, highlighting their aggressive strategy in expanding the firm's market reach. Lincoln International served as the exclusive financial advisor to Big Bolt, facilitating the transaction.
Sectors
- Manufacturing
- Distribution
- Private Equity
Geography
- North America – Both LindFast Solutions Group and Big Bolt operate within the North American market, focusing their operations and customer base in this geography.
Industry
- Manufacturing – Big Bolt specializes in the manufacturing of high-quality, specialty fasteners, making this industry relevant to the article.
- Distribution – LSG is a master distributor of specialty fasteners in the North American market, operating as a crucial supply chain entity.
- Private Equity – Nautic Partners is a private equity firm involved in the acquisition, emphasizing the role of private equity in facilitating growth and expansion for its portfolio companies.
Financials
- Not Disclosed – The financial terms of the acquisition of Big Bolt by LindFast Solutions Group were not publicly disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LindFast Solutions Group | Acquirer | Company | A leading master distributor of specialty fasteners in the North American market, part of Nautic Partners' portfolio. |
| Big Bolt | Target Company | Company | A manufacturer of high-quality specialty fasteners with a focus on quick turnaround and comprehensive in-house fabrication capabilities. |
| Nautic Partners | Private Equity Firm | Company | Acquired LindFast Solutions Group in 2019 and continues to bolster its growth through strategic acquisitions. |
| Lincoln International | Financial Advisor | Company | Acted as the exclusive financial advisor to Big Bolt during the acquisition process. |
| Bill Niketas | CEO of LindFast Solutions Group | Person | CEO responsible for overseeing LindFast’s expansion and integration of Big Bolt into its distribution network. |
| Chris Pierce | Managing Director at Nautic | Person | Involved in the strategic growth through acquisitions for Nautic’s portfolio companies. |
| Fielding Jenks | Senior Vice President of Nautic | Person | Part of the team facilitating LSG's growth through strategic acquisitions under Nautic's management. |