TENEX Capital Management has sold Big Bolt Corporation to LindFast Solutions Group, a portfolio company of Nautic Partners

Big Bolt Corporation

Headquartered in Bloomingdale, Illinois, Big Bolt is a leading manufacturer of high-quality, specialty fasteners primarily serving distributor customers across diverse end markets. With a focus on quick turnaround times, comprehensive in-house fabrication capabilities and exceptional product quality, Big Bolt is the go-to supplier for highly customized, low-volume orders. For additional information, please visit www.gobigbolt.com.

The Deal

Following Tenex Capital Management’s investment in 2019, Big Bolt capitalized on its unique value proposition, enhanced turnaround times and diversified its customer base and end markets. In addition, Big Bolt acquired Delta Secondary to expand its in-house fabrication capabilities. Lincoln International utilized its industry expertise to optimally position Big Bolt’s unique market position, value proposition, long-term client relationships and growth tailwinds. Through a targeted, streamlined process, Lincoln generated multiple attractive options for Big Bolt’s shareholders and leadership team. LindFast Solutions Group (LSG), backed by Nautic Partners, emerged as the ideal strategic partner for management with strong customer overlap, salesforce experience and expansive geographic footprint across North America. “LSG is a natural fit with Big Bolt and we are excited to expand our offering with existing customers, as well as utilize LSG’s expanded salesforce to educate new customers on Big Bolt’s capabilities,” commented Dan McCarthy, Chief Executive Officer of Big Bolt.

Our Perspective

TJ Monico, Managing Director in Lincoln’s Business Services Group and co-head of the Specialty Distribution practice, commented, “Lincoln greatly appreciated and thoroughly enjoyed the opportunity to work with the Big Bolt team. Big Bolt is a truly unique company with a differentiated offering in the fastener space. We are excited about the outcome and see tremendous potential in combining Big Bolt’s unique capabilities with a master distributor of fasteners.”

TENEX Capital Management

Tenex Capital Management is a private equity firm that invests in middle market companies. Tenex uses an in-house team of hybrid investment professionals skilled in operational leadership, investing and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has successfully invested in a diverse range of industries, including diversified industrials, business and tech-enabled services and healthcare. For additional information, please visit www.tenexcm.com.

LindFast Solutions Group

LSG is a leading master distributor of specialty fasteners in the North American market and is a vital supply chain partner and superior sourcing solution to a broad base of distributor customers. For more information, please visit www.lindfastgrp.com.

Nautic Partners

Nautic Partners is a Providence, Rhode Island-based middle market private equity firm that focuses their expertise and market knowledge on sub-verticals within three sectors: healthcare, industrials and services. Nautic has completed over 155 platform transactions throughout its 38-year history. In pursuing a thematic and proactive investment strategy, Nautic seeks to partner with executives and management teams in an effort to accelerate the growth trajectory of their portfolio companies via acquisitions, targeted operating initiatives and increased management team depth. For more information, please visit www.nautic.com.

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