Announced
Completed
Financials
Sources
Tags
Completed
Private
Friendly
Majority
Acquisition
Single Bidder
Private Equity
specialty fasteners
Domestic
industrial supplies
Electrical Components
United States
Synopsis
Frontenac, a private equity firm, completed the acquisition of EFC International, a distributor of value-added specialty fasteners. Financial terms were not disclosed. "We have enjoyed strong growth over the past several years as we executed on a number of key initiatives that have expanded our global reach as well as our customer and supplier 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," Matt Dudenhoeffer, EFC International CEO.
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