Monroe Engineering, a portfolio company of Svoboda Capital Partners, has acquired Northwest Fastener Sales.
Northwest Fastener Sales is a distributor of industrial fasteners, components and hardware. The company sells its products to a range of industrial OEM customers located primarily in the Pacific Northwest. The company is headquartered south of Portland in Tualatin, OR (www.northwestfastenersales.com).
Monroe Engineering is a supplier of niche industrial hardware products, including hinges, pull handles, knobs, hand wheels, clamps, plungers and related assemblies. The company has more than 20,000 SKUs that are sold to customers in the military, transportation, industrial aftermarket, machinery fabrication and packaging equipment markets. Monroe was acquired by Svoboda in May 2011 and is headquartered in the Detroit suburb of Auburn Hills (www.MonroeEngineering.com).
Svoboda Capital Partners invests from $10 million to $20 million in companies that are engaged in the value-added distribution sector or active in business, consumer and healthcare services. Target companies will typically have revenues from $10 million to $100 million and EBITDAs from $3 million to $15 million. The firm was founded in 1998 and has over $300 million of capital under management. Svoboda Capital is based in Chicago (www.svoco.com).
2014 PEPD • Private Equity’s Leading News Magazine • 11-12-14
