Boston, MA – April 4, 2017 – Audax Private Equity (“Audax”) announced it has partnered with management to acquire Fastener Distribution Holdings, LLC (“FDH”) from Housatonic Partners. Terms of the transaction were not disclosed.
FDH, headquartered in Marina del Rey, CA, is a leading distributor of aerospace fasteners and other c-class components to commercial and defense aircraft manufacturers, subcontractors, and component distributors through its Arlington International Aviation Products (“AIAP”) and Aircraft Fasteners International (“AFI”) divisions.
Geoffrey Rehnert**, Co-Chief Executive Offier, Audax Group, said, “FDH is a highly regarded leader in the fragmented aerospace c-class components distribution market. We are excited to partner with Scott Tucker, Bill Ganss, Rick Ferguson, and the entire FDH team to continue building a leading platform through organic growth and add-on acquisitions.”
*Scott Tucker, *CEO, Fastener Distribution Holdings, said, “The FDH team is thrilled to be partnering with Audax to accelerate our growth. Audax brings expertise and resources that will help us grow through strategic acquisitions while continuing to provide the outstanding service our customers have come to expect.”
Harris Williams & Co. served as financial advisor and Foley & Lardner, LLP served as counsel to FDH. Kirkland & Ellis, LLP served as counsel to Audax.