Incline portfolio company AFC Holdings acquired Hartford, CT-based Eckart & Finard.  

Established in 1960, Eckart is a full-service stocking distributor of fasteners, Class C parts and engineered components. Web: eckart-finard.com

“The acquisition supports several of AFC’s strategic initiatives,” said Jack Glover, Partner with Incline. “We needed a physical presence in the Northeast to support our existing customers and better pursue new customer growth, and Eckart’s facility is ideally situated to accomplish those objectives,” Jack Glover, a partner with Incline.

“The acquisition also greatly enhances AFC’s position in the fast-growing and difficult-to-access medical device market.”

The acquisition adds a 37,000 sq ft warehouse facility to AFC’s footprint.  

“Growth through acquisition is a top priority for us,” stated AFC CEO Kevin Godin. “We operate in a highly fragmented market chock-full of high quality businesses.  We will continue to identify and partner with like-minded companies that would expand our geographic reach and/or add related services.”

AFC companies distribute fastening and other assembly components to the medical, rail, solar energy, defense, automotive, fluid handling, food equipment and lighting industries. Web: afcholdings.com

Richard Hagan of Pinnacle Capital Corp. served as the exclusive financial advisor to Eckart & Finard Inc. Web: pinnaclecapitalcorp.com