Action Fastenings, Inc. has been sold to a private investor by Generational Equity. Details on the acquisition, which closed December 18, 2020, were not disclosed.
Located in Minneapolis, Action Fastenings is a leading distributor of specialty tools and fasteners for the commercial construction industry. Since its founding in 1989, Action Fastenings has become well known for supplying specialty tools and fasteners in the Minnesota marketplace.
Action Fastenings carries over 60 leading sources for fasteners, nuts, bolts, hardware, screws, anchoring and direct fastening products, power tools and accessories, cutting products and construction consumables, making it one of the largest distributors of these items in its market.
Generational Equity Executive Senior M&A Advisor, Andrew Byrd, successfully closed the transaction. “The new ownership of Action Fastenings is a perfect match,” said Byrd. “Both parties have bright futures, and I am delighted we were able to be a part of making their transaction a success.”