AFC Industries, a portfolio company of Bertram Capital, has purchased Fastbolt.
The company was founded in 1974 by Albert Zaukas and is a supply chain management company working to meet the needs of its customer base. Fastbolt is a provider of services including supply chain management, kitting and assembly, sourcing and risk mitigation for fasteners and other parts.
“We have wanted Fastbolt as part of the AFC family for several years. They were one of the first businesses we reached out to when we launched our acquisition strategy,” said AFC CEO Kevin Godin. “Our responsibility to be good stewards of these businesses is important to us and we are confident that together, the future is bright. Bringing these two businesses together makes both stronger in several ways and we look forward to working together to continue to build a legacy of excellence.”
Twin Brook served as administrative agent on debt financing to support the transaction.