BOSTON–(BUSINESS WIRE)–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-CEO of Audax, 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.”(…)
via Audax Private Equity Announces the Acquisition of Fastener Distribution Holdings | Business Wire.