Add-on Acquisition • Distribution

LindFast Solutions Group Acquires Star Stainless

On July 28, 2022, LindFast Solutions Group acquired distribution company Star Stainless

Acquisition Context
  • This is LindFast Solutions Group’s 1st transaction in the Distribution sector.
  • This is LindFast Solutions Group’s 1st transaction in the United States.
  • This is LindFast Solutions Group’s 1st transaction in New Jersey.

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M&A Deal Summary

Date July 28, 2022
Target Star Stainless
Sector Distribution
Buyer(s) LindFast Solutions Group
Deal Type Add-on Acquisition
Advisor(s) Jefferies (Financial)

Target Company

Star Stainless

Totowa, New Jersey, United States
Star Stainless is a distributor of stainless-steel fasteners serving a wide array of customers throughout North America. The company specializes in exotic metals: stainless steel, silicon bronze, and brass. Star Stainless was formed in 1946 and is based in Totowa, New Jersey.
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Buyer Overview 1

Buyer

LindFast Solutions Group

Blaine, Minnesota, United States

Category Company
Sector Distribution
DESCRIPTION

LindFast Solutions Group is a master distributor of specialty fasteners in the North American market serving a broad base of national, regional, and local distribution customers through its metric (Lindstrom) and imperial (Stelfast) product brands. LindFast Solutions Group is based in Blaine, Minnesota.


Deal Context for Buyer #
Overall 1 of 3
Sector: Distribution 1 of 2
Type: Add-on Acquisition 1 of 3
State: New Jersey 1 of 1
Country: United States 1 of 3
Year: 2022 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-26 HI-Q Fasteners

Santa Fe Springs, California, United States

HI-Q Fasteners is an importer of fasteners that offers a complete line of sems, thread forming and machine screws (inch, metric, steel, and stainless), in addition to a full line of spacers and standoffs and self-clinching hardware. HI-Q Fasteners is based in Santa Fe Springs, California.

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