Succession Capital has acquired United Fastener, a retail and wholesale distributor of fasteners and related products.
“United Fastener immediately appealed to us because of the quality of their team, something that Succession Capital deeply values. They’ve successfully served San Diego since the 1960s. That level of stability is only possible when you prioritize customers and provide good service. We look to continue that for another fifty years to come,” said Nathaniel Broughton, Succession Capital’s Managing Partner.
United Fastener is a retailer and wholesaler of fasteners and related products. The company sells its more than 20,000 SKUs to general construction contractors, sheet metal contractors, trucking companies and signage companies. The company was founded in 1964 and is based in San Diego (www.unitedfastenerco.com).
Succession Capital, a subsidiary of Lynx Equity Limited, seeks to acquire small to medium-sized businesses from owners looking to retire. Succession targets transactions requiring between $2 million and $8 million of equity. The firm is based in La Jolla, CA (www.succession-capital.com).
United Fastener is Lynx Equity and Succession Capital’s 8th combined acquisition in 2014.
© 2014 PEPD • Private Equity’s Leading News Magazine • 3-31-14