
Generational Group Advises Fasteners, Inc. in its Sale to Monroe Engineering
By Generational Group
02/09/2023
Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Fasteners, Inc. to Monroe Engineering. The acquisition closed January 31, 2023.
Fasteners, Inc., located in Englewood, Colorado, and founded in 1965, is a wholesale fastener distribution company. The Company has a philosophy of building relationships with their customers, taking care of their customers’ needs and having inventory to support them. The Company’s extensive inventory is available for prompt, accurate delivery or shipment in materials ranging from aluminum to stainless to heat-treated steel. The Company’s excellent industry reputation and local brand awareness has established it as a leading nuts and bolts distributor in the region.
Headquartered in Rochester Hills, Michigan (with multiple locations throughout the U.S.) Monroe Engineering (Monroe) is an ISO 9001:2015 & AS9100D certified global industrial manufacturing company offering a broad product line and has a diverse customer base of manufacturers, distributors and catalog-houses across several vertical markets including aerospace/defense, automotive, medical, transportation and many more. Monroe has a rich history dating back to the 1920s and Otto Siewek’s role in developing “tooling components” which helped standardize mass production of automobiles.
Generational Group Executive Managing Director of M&A – Western Region, Stephen Crisham, and his team led by Managing Director – M&A, Chad Comroe, successfully closed the deal. Executive Managing Director and Group Leader, Randy Kamin established the initial relationship with Fasteners, Inc.
“The Fasteners’ shareholders were intent on finding a buyer that would create opportunities for the future success of the employees,” said Comroe. “Monroe fit the bill, and everyone is excited for the next stage of growth.”
About Generational
Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.
Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.
The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.