Fastenal

Fastenal Company, headquartered in Winona, Minnesota, specializes in the wholesale distribution of industrial and construction supplies across North America and internationally. Established in 1967, the company initially focused on fasteners but has since expanded its product offerings to include a wide range of supplies such as bolts, nuts, screws, machinery keys, concrete anchors, and various hardware. Fastenal serves diverse markets, including manufacturing, maintenance and repair operations, non-residential construction, agriculture, and governmental entities. With a network of over 2,700 branches and 15 distribution centers, Fastenal provides tailored local inventory and personal service, catering to approximately 400,000 active customers. The company also offers supply chain solutions, including vending and vendor-managed inventory, enhancing its role as a comprehensive supplier for original equipment manufacturers and contractors.

Anthony P. Broersma

Executive Vice President of Operations

Charles Miller

Senior Executive Vice President

3 past transactions

Mansco

Acquisition in 2017
Manufacturers Supply Company, commonly known as Mansco, is a distributor based in Hudsonville, Michigan, with an additional facility in Huntsville, Alabama. The company specializes in production fasteners and related supply items for various industries, offering a comprehensive range of products that includes bolts, nuts, screws, washers, and pneumatic tools, among others. Mansco operates over 100,000 square feet of warehouse space, featuring in-house quality control, bar-coded inventory, laser sorting, and tailored fastener management programs. The company emphasizes customer satisfaction by providing knowledgeable sales support and ensuring timely delivery of quality parts that meet or exceed client expectations. With its commitment to service and a wide selection of products, Mansco positions itself as a single-source solution for fastener needs.

MachineMetrics

Seed Round in 2016
MachineMetrics Inc. develops real-time production monitoring software tailored for manufacturing companies across various industries, including aerospace, automotive, and medical devices. Founded in 2014 and based in Northampton, Massachusetts, the company offers an automated cloud solution that collects, analyzes, and visualizes data from machines. This platform provides live visibility into production processes, enabling workers to respond to manufacturing issues with real-time dashboards and notifications. By simplifying the integration of Internet of Things (IoT) technology on the shop floor, MachineMetrics empowers manufacturers to make informed decisions and enhance operational efficiency. The solution boasts an average efficiency improvement of over 20% for its clients, driven by deep manufacturing analytics and artificial intelligence-based predictive notifications.

Av-Tech Industries, Inc.

Acquisition in 2014
Av-Tech Industries, Inc is a wholesale distributor of aerospace and commercial fasteners, electronic components, and miscellaneous aircraft.
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