LindFast Solutions Group named Bill Niketas as CEO.

Niketas succeeds Neil Yeargin, who led the acquisition of Stelfast in 2018 and the sale to Nautic Partners earlier this year.

Niketas previously was executive chairman of LindFast Solutions Group.

Niketas’ career also includes CEO of Aggregates USA LLC, where the company EBITDA tripled and Aggregates was sold to Vulcan Materials for $900 million. Niketas also was CEO of Ram Tool & Supply Company, a distributor of fasteners and tools for the construction sector. He was a U.S. Army Apache helicopter pilot and holds a mechanical engineering from the U.S. Military Academy and an MBA from Harvard Business School.

“Bill has a strong track record of growing businesses, enhancing performance, taking care of employees, and maximizing shareholder value,” Nautic managing director Chris Pierce said. “We are excited for Bill and his entire team to continue to build on the incredible success of the Company.”

“I am very honored to be taking on this new role with LindFast,” Niketas said. “As executive chairman, I have seen LindFast’s relentless commitment to customers, unparalleled product offering, and superb employees continue to set it apart from the competition.”

As part of the transition, Ben Buchanan is joining LindFast as CFO. He was CFO of US Greenfiber LLC. His experience includes handling finance and strategy for Aggregates USA. He holds a bachelors in economics from Samford University and an MBA from the University of Kentucky.

Buchanan succeeds Tom O’Brien, who was instrumental in the Stelfast and Nautic transactions.

LindFast is a master distributor of specialty fasteners in North American through its metric (Lindstrom) and imperial (Stelfast) product brands. LindFast’s inventory includes 130,000 low volume, slow moving SKUs that distributors need quickly but are non-economical to inventory and source. Web: LindstromFasteners.com  StelFast.com  Nautic.com