4/7/2014 11:45:00 AM
HEADLINES
ACQUISITION: Equity Firm Acquires United Fastener
Nathaniel Broughton
Succession Capital Inc. acquired San Diego-based construction fastener distributor United Fastener Inc.
Succession Capital managing partner Nathaniel Broughton said United Fastener appealed as an acquisition “because of their team, something that Succession Capital deeply values.” Rich Beeson will remain president of the distributorship.
Founded in 1964, United Fastener stocks 20,000 SKUs at its warehouse at 2852 Market St., San Diego, CA 92102. Tel: 619 232-5111 Fax 619 232-5528 Email: unitedfastenerco@sbcglobal.net
United Fastener is Succession Capital’s 8th acquisition in 2014 with revenues topping $160 million.
Succession Capital, a subsidiary of Lynx Equity Limited, is a private equity firm focusing on acquiring $2 million to $8 million businesses from owners looking to retire. Holdings include Bumkins Baby Products and Maverick Express.
Succession Capital is headquartered at 7590 Fay Ave. #200, LaJolla, CA 92032. Tel: 800 881-5194 Email: info@lynxequity.com Web: succession-capital.com
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