John Wolz

Watermill Ventures, Ltd., along with management, acquired PFI LLC, which does business as Vertex Fasteners.
Headquartered in Pawtucket, RI, Vertex Fasteners is a North American master distributor of industrial, corrosion resistant and ferrous fasteners.
Watermill managing partner Steven Karol described Vertex as “an excellent addition to our portfolio companies. The company’s large distribution network, strong market position, long standing relationships, and an exceptional management team are elements to assuring future growth.”
“We look forward to working with David Hirsch, Vertex’s CEO, and the management team on the development and implementation of strategies which will enhance customer satisfaction and lead to continued growth,” Karol added.
Watermill has 27 years experience with 50 portfolio manufacturing and distribution companies. Hirsch said Watermill’s “broad knowledge and expertise should enable us to continue our record of sustained growth.”
Vertex Fasteners was formed when Main Street Resources, a private equity firm and owner of Pawtucket Fasteners LLC, acquired West-Spec Partners in 2003. Pawtucket included Bell Fasteners, Zelenda Metric and Stillwater Fasteners. Web: vertexfasteners.com and watermill.com �2005 FastenerNews.com