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Generational Equity Advises Steel City Bolt & Screw in Sale to Birmingham Fastener

By Generational Equity

05/10/2021

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is 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.

About Generational

Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.

With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit https://www.generational.com.