Add-on Acquisition • Manufacturing

LindFast Solutions Group Acquires Big Bolt

On December 24, 2024, LindFast Solutions Group acquired manufacturer Big Bolt from Tenex Capital Management

Acquisition Context
  • This is LindFast Solutions Group’s 1st transaction in the Manufacturing sector.
  • This is LindFast Solutions Group’s 3rd transaction in the United States.
  • This is LindFast Solutions Group’s 1st transaction in Illinois.

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M&A Deal Summary

Date December 24, 2024
Target Big Bolt
Sector Manufacturing
Buyer(s) LindFast Solutions Group
Sellers(s) Tenex Capital Management
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target Company

Big Bolt

Bloomingdale, Illinois, United States
Big Bolt is a manufacturer of an non-standard fasteners in lengths of up to or greater than 30-inches with a 0.25-inch to 3.5-inch diameter with high-quality assurance. Big Bolt maintains a large stock of material and finished products in order to fulfill emergency orders in market-leading turnaround times. Big Bolt was founded in 1977 and is based in Bloomingdale, Illinois.
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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 3 of 3
Sector: Manufacturing 1 of 1
Type: Add-on Acquisition 3 of 3
State: Illinois 1 of 1
Country: United States 3 of 3
Year: 2024 2 of 2
PREVIOUS 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.

Buy -

Seller Profile 1

SELLER

Tenex Capital Management

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Tenex Capital Management is a private investment group focused on acquiring control positions in profitable North American companies with $3 to $40 million of EBITDA. The Firm does not have any sector preferences and looks to commit up to $125 million per transaction. Tenex Capital Management was formed in 1999 and is based in New York City.


Deal Context for Seller #
Overall 25 of 26
Sector: Manufacturing 4 of 4
Type: Add-on Acquisition 6 of 7
State: Illinois 2 of 2
Country: United States 25 of 26
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 Behavioral Innovations

Addison, Texas, United States

Behavioral Innovations provides center-based and in-home applied behavior analysis therapy, speech therapy, and occupational therapy services to children ages birth through 18 with autism spectrum disorder and other related developmental disabilities. BI also offers adult services in community-based treatment settings. Behavioral Innovations was formed in 2000 and is based in Addison, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-14 G2 Secure Staff

Irving, Texas, United States

G2 Secure Staff provides professional aviation service solutions, including ground handling, cabin cleaning, passenger assistance, cargo, maintenance, and security solutions for airline customers. The Company utilizes technology such as tablet devices to enable workforce productivity and ensure a timely and smooth experience for their portfolio of airline customers. G2 Secure Staff was founded in 2005 and is based in Irving, Texas.

Sell $305M