March, 2021

Third Coast Capital Advisors served as exclusive financial advisor to AFC Industries, a portfolio company of Incline Equity Partners, in its March acquisition of Master Fasteners. Our Acquisition Search services included identifying the target and making contact with its owner, as well as providing assistance on valuation, transaction structure and the negotiation and closing of the transaction. This transaction represents the sixth acquisition that we have sourced for AFC and is a good example of our ability to identify and execute proprietary, strategic add-on acquisitions for private equity portfolio companies.

Master Fasteners, based in Reno, Nevada, is a value-added industrial distributor specializing in fasteners and parts for manufacturers and wholesalers.  The company also offers value-added services including vendor-managed inventory systems, kitting, assembly packaging and labeling.

AFC Industries, based in Fairfield, Ohio, is a united group of companies providing supply chain management expertise in support of original equipment manufacturers (OEM’s) and their assembly plants. AFC is a value-added provider of fastening and other assembly components (C-Items), specializing in “Point-of-Use-Delivery”, vendor-managed inventory systems. The company supports a diverse industry base of manufacturers that include medical, rail, solar energy, defense, automotive, fluid handling, food equipment, lighting, and many other industries.