Completed Transactions

Completed Transactions > Retail > Steel City Bolt & Screw Acquired By Birmingham Fastener

Steel City Bolt & Screw Acquired By Birmingham Fastener

Steel City Bolt & Screw

Date

Apr 2021

Region

Alabama

We are pleased to announce the sale of Steel City Bolt & Screw, LLC to Birmingham Fastener & Supply, Inc. (Birmingham Fastener). The acquisition closed April 23, 2021.

Founded in 1968, Steel City Bolt & Screw, LLC (SCBS), located in Birmingham, Alabama, is a specialty manufacturer of structural fasteners for a variety of industries across the United States and Canada. The company produces fasteners from 0.5” to 3.5” in diameter with unlimited lengths of nonstandard rods, bent bolts, and headed bolts.

SCBS maintains a full range of fasteners, nuts, washers, and other accessories to compliment the bolts produced. Inventory consists of black and galvanized fasteners from both domestic and foreign sources. SCBS targets a wide array of industries including utilities, construction, railroad, telecommunications, and many other industries in the United States and Canada.

Birmingham Fastener, headquartered in Birmingham, Alabama, with 10 locations overall, is a leading manufacturer and distributor of fasteners for structural steel fabrication, metal building manufacturers, transportation, waterworks and utilities, original equipment manufacturers, agricultural equipment manufacturers, construction and MRO.

The company’s success is built on a commitment to excellence. They manufacture custom and non-standard fasteners and operate the highest volume distribution center of nuts and bolts and standard fasteners in the U.S.

With over 100 years of combined fastener production, the acquisition of SCBS strengthens Birmingham Fastener’s product offering, equipment depth, and most importantly allows it to add experienced teammates to its world-class staff.

Brad Tinney, owner of Birmingham Fastener, says, “With this acquisition we continue to double down on domestic manufacturing and provide our customers with a domestic solution on any fastener requirement they have.”

“This equipment will assist in our expansion into the Carolinas and continue to expand our east coast footprint. Our customer base is second to none and we will ensure their needs are meet and expectations are exceeded.”

Generational Equity Executive Managing Director of M&A - Central Region, Michael Goss, and his team, led by Senior M&A Advisor, Sam Sumner, with the support of Managing Director, Mergers & Acquisitions, Jacob Mangalath, successfully closed the transaction. Executive Managing Director Randy Kamin established the initial relationship with SCBS.

“The acquisition of SCBS provides Birmingham Fastener with a broader range of products and capabilities in the fastener industry,” said Sumner.

If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Industrials M&A Deals page.

Sell smart

Download our FREE exit planning whitepaper, detailing everything you need to know before you make any big decisions about selling. Leave your name and email address to have it sent directly to your inbox.

Exit planning basics: what you need to know before you start

Exit planning Basics: What your need to know before you start
Success

Your whitepaper is ready, to download it please click the button below.