AFC Industries, a distributor of fasteners and other C-parts and backed by Bertram Capital, has acquired Birmingham, U.K.-based distributor Forward Industrial Products Group Ltd. through its TFC business unit, a provider of vendor managed inventory services and technical engineering products in Europe.
Forward Industrial Products is a supplier of C Class parts, vendor managed inventory services and MRO services, with a focus on improving the productivity and effectiveness of its customers’ manufacturing operations.
“It was a strategic goal of ours to expand our operations and capabilities in the U.K. and Europe in a way that would complement our TFC team,” states Kevin Godin, AFC CEO. “Forward is a great fit for us both culturally and geographically.”
TPG Twin Brook served as administrative agent on debt financing to support the transaction. Bracebridge Corporate Finance advised Forward for the transaction.