Exclusive financial advisor to Fastbolt Corporation
KPMG Corporate Finance LLC acted as exclusive financial advisor to Fastbolt Corporation
KPMG Corporate Finance, LLC is pleased to announce the sale of Fastbolt Corporation (“Fastbolt” or the “Company”) to AFC Industries, Inc. (“AFC”), a portfolio company of Bertram Capital Management, LLC (“Bertram Capital”).
Headquartered in South Hackensack, NJ, Fastbolt is a distributor of fasteners and related electro-mechanical and wiring products. Founded in 1978 by Albert Zaukas, Fastbolt has built upon its dedication to customers by providing supply chain management solutions with a focus in quality, transparency and expertise. Fastbolt operates out of 6 facilities across the US and Canada serving customers across diverse end markets including automotive and ground transportation, industrial equipment, aerospace and defense and consumer products.
Fastbolt has continued to evolve and is now a quality-driven global supply chain management company meeting the needs of an increasingly sophisticated and diversified customer base.
Fastbolt owner and CEO Glenn Zaukas said, “We have worked hard through the years to build on our father’s legacy of taking excellent care of our customers through real partnerships with our employees. It was important to our family that we found a partner that would respect that and build on it. We are excited that Fastbolt will continue to be in the hands of owners who are committed to growing the business the ‘right’ way.”
AFC CEO Kevin Godin explained, “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. We are glad that when the time was right for the family to sell the business, they chose us. 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.”
KPMG acted as Fastbolt’s exclusive financial advisor in this transaction. In working with the KPMG Corporate Finance deal team, the Zaukas brothers said, “KPMG’s support and guidance, working in an environment that was multi-generational, co-owned and an ESOP, was complicated, to say the least. KPMG’s knowledge and personal guidance were certainly the key to this process.“
About AFC Industries, Inc.
AFC is a dynamic organization dedicated to providing supply chain management solutions on small components and tooling for a diverse base of manufacturers and assemblers across a broad range of industries. Through its experienced team and global resources, AFC excels at making customer manufacturing and assembly processes more efficient and cost-effective.
About Bertram Capital Management, LLC
Bertram Capital is a private equity firm targeting investments in lower middle market companies. Since its inception in 2006, the firm has raised over $3B of capital commitments. In addition to supplying strategic growth capital, Bertram Capital leverages proprietary processes and services to empower its portfolio companies to unlock their full business potential.
KPMG Corporate Finance, LLC
The global Corporate Finance practice of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for the past 20 years.
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