Audax Private Equity has acquired Fastener Distribution Holdings LLC (FDH), a distributor of hardware materials for the aviation industry, from Housatonic Partners. Financial terms of the deal were not disclosed.
FDH is a manufacturer of aerospace fasteners, key-locking inserts, and c-class components based out of Marina del Ray, California. The target distributes its products through its two divisions: Arlington International Aviation Products (“AIAP”) and Aircraft Fasteners International (“AFI”). FDH distributes its products to commercial and defense aircraft manufacturers, subcontractors and component distributors. Housatonic Partners, a middle-market investment company, backed FDH in August 2014.