DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of Action Fastenings, Inc. to a Private Investor. The acquisition closed December 18, 2020 and details were not disclosed.
Located in Minneapolis, Minnesota, Action Fastenings was founded in 1989 and is a leading distributor of specialty tools and fasteners for the commercial construction industry. With an emphasis on providing exceptional customer service, industry expertise, and a wide and growing product offering, the Company is recognized as a leader in supplying specialty tools and fasteners in the Minnesota marketplace.
The Company focuses on providing the following products: Fasteners, nuts/bolts/hardware/screws, anchoring/direct fastening products, power tools and accessories, cutting products, construction consumables, firestop/foam/adhesives/tapes, and safety and fall protection products. The Company has over 60 leading suppliers of these products, making it one of the largest distributors of these items in its market.
Generational Equity Executive Managing Director of M&A - Central Region, Michael Goss and his team, led by Senior M&A Advisor, Andrew Byrd, successfully closed the transaction. Senior Managing Director Brian Hendershot established the initial relationship with Action Fastenings.
“The new ownership of Action Fastenings is a perfect match,” said Byrd. “Both parties have bright futures, and I am delighted we were able to be a part of making their transaction a success.”
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.
The M&A Advisor named the company the 2017, and 2018 Investment Banking Firm of the Year and Valuation Firm of the Year in 2020. For more information, visit https://www.genequityco.com/ or the Generational Equity press room.