Generational Equity, a mergers and acquisitions advisor, has announced the sale of Steel City Bolt & Screw, LLC to Birmingham Fastener & Supply, Inc. (Birmingham Fastener). The acquisition closed April 23, 2021.
Steel City Bolt & Screw (SCBS), is a specialty manufacturer of structural fasteners for a variety of industries across the United States and Canada. The Company produces fasteners from 0.5” to 3.5” in diameter with unlimited lengths of nonstandard rods, bent bolts, and headed bolts and is based in Birmingham, Alabama.
Birmingham Fastener, has ten locations overall and is a leading manufacturer and distributor of fasteners for structural steel fabrication, metal building manufacturers, transportation, water works and utilities and more. Additionally, the company manufacture custom and non-standard fasteners and operate the highest volume distribution center of nuts and bolts and standard fasteners in the US.
With over 100 years of combined fastener production, the acquisition of SCBS strengthens Birmingham Fastener’s product offering and equipment depth.
Brad Tinney, owner of Birmingham Fastener said: “With this acquisition we continue to double down on domestic manufacturing and provide our customers with a domestic solution on any fastener requirement they have. This equipment will assist in our expansion into the Carolinas and continue to expand our east coast footprint. Our customer base is second to none and we will ensure their needs are meet and expectations are exceeded.”
Generational Equity Executive Managing Director of M&A - Central Region, Michael Goss and his team, led by Senior M&A Advisor, Sam Sumner, with the support of Managing Director, Mergers & Acquisitions, Jacob Mangalath, successfully closed the transaction. Executive Managing Director Randy Kamin established the initial relationship with SCBS.
Sumner said: “The acquisition of SCBS provides Birmingham Fastener with a broader range of products and capabilities in the fastener industry.”