AFC Industries acquired Victory Bolt for an undisclosed sum.

“The acquisition strengthens our presence in the Southeast and adds further depth to multiple customer markets,” stated AFC CEO Kevin Godin.

Founded in 1988, Charlotte, NC-based Victory Bolt is a full-service distributor of fasteners, specialty components, and VMI solutions for the construction, marine, public works, utility, solar, and medical industries. The certified woman-owned business has customers and shipping locations across the U.S., Mexico, Canada, Europe, Poland, and Brazil. Web: VictoryBolt.com

“This was not just a business transaction,” explained Victory Bolt CEO Renee Breazeale. “We care deeply about our team and our customers and were not going to sell until we found a partner that we were confident shared our values. We are excited to continue working to give great service to customers and opportunities to our employees as part of the AFC team.”

Pittsburgh-based AFC Industries supplies fastening and other assembly components, specializing in point-of-use, vendor-managed inventory (VMI) solutions for the medical, rail, solar, utility, defense, automotive, marine, fluid handling, food service, and lighting industries. Web: AFCInd.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