Frontenac, a Chicago-based private equity firm, has acquired EFC International, a value-added distributor of highly engineered fasteners and specialized component solutions serving the automotive, electric vehicle and distribution marketplaces.
EFC International operates around the globe, providing services including engineering support, sales and marketing, distribution and high-touch service to customers in the automative, industrial and other end markets. EFC has a history of growth stemming from its supplier relationships and tenured customer base.
“With Frontenac as our new partner, we are excited to leverage their industrial distribution expertise to continue our expansion plans, both organic and inorganic, and continue to increase market share both domestically and abroad.” said Matt Dudenhoeffer, CEO of EFC International.
“EFC has performed exceptionally well over decades and generated record results this past year,” stated Neal Sahney, principal at Frontenac. “The future is bright for EFC, and we are looking forward to collaborating with the team in support of their strategic plan.”