Pittsburgh-based AFC Industries acquired Accurate Fasteners Inc. of South Boston.

Accurate Fasteners president Peter Sullivan will remain with AFC to manage New England operations.

The Sullivan family has long held leadership positions in the fastener industry, starting with Jack Sullivan being the first chairman of the New England Fastener Distributors Association in 1979 through Peter Sullivan being the 2005-06 president of the National Fastener Distributors Association.

Accurate Fasteners distributes fasteners, assembly products and provides value-added services to end-markets including healthcare, IT, electrical and industrial equipment.

Kevin Godin, CEO of AFC, said adding Accurate to AFC “strengthens our position in the Northeast U.S. and will allow us to better support our current customers and grow the business.”

“We are excited to have found a partner that shares the core values upon which we have built our business and positions us and our customers to continue to be successful well into the future,” Peter Sullivan said.

AFC provides supply chain management to OEMs and assembly plants specializing in VMI, customer engineered components, light assembly and other services.

AFC’s companies and locations include Advance Fastener with two Ohio locations; Eckart & Finard in Connecticut; Dell Fastener with locations in Pennsylvania and Georgia; two R&E Fastener’s Inc. locations in Nevada; Gateway Fasteners in Pennsylvania; and now Accurate. Web: afcholdings.com

AFC is owned by Incline Equity Partners, which began acquiring fastener companies in 2015. Incline acquires lower to middle-market companies valued from $30 million to $200 million. Web: InclineEquity.com

Accurate Fasteners is located at 550 E. First St., South Boston, MA 02127. Tel: 617 268-8300 Email: sales@actfast.com Web: actfast.com