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Audax acquires Fastener Distribution

Audax Private Equity has partnered with existing management to acquire Fastener Distribution Holdings (FDH) from Housatonic Partners.

Terms of the transaction have not been disclosed.
 
FDH, headquartered in Marina del Rey, California, is a distributor of aerospace fasteners and other c-class components to commercial and defence 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, says: “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.”
 
Scott Tucker, CEO of FDH, says: “The FDH team is thrilled to be partnering with Audax to accelerate our growth. Audax brings expertise and resources that will help us grow through strategic acquisitions while continuing to provide the outstanding service our customers have come to expect.”
 
Harris Williams & Co served as financial adviser and Foley & Lardner served as counsel to FDH. Kirkland & Ellis served as counsel to Audax.

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