U.S. Nut and Bolts has been acquired by Nebraska Heavy Industries
ABOUT THE DEAL:
U.S. Nut and Bolts (the “Company” and “Sellers”) has been acquired by Nebraska Heavy Industries (“NHI” or the “Buyers”). Headquartered in Louisville, Kentucky, the Company, a full service fastener distributor, has served the commercial, industrial and manufacturer sectors for nearly ten years.
Nebraska Heavy Industries, a Lincoln, Nebraska-based conglomerate, has interests in a variety of industries including NBC Bancshares, a Nebraska-based bank holding company with banks in Colorado and Nebraska; SunOne Solutions, a leading aggregator of soil-based carbon credits, based in Lincoln, Nebraska; TranslateMedia, a translation services provider based in London, UK; and Bolts & Nuts, a nationwide distributor of fastener, VMI, MRO, and specialty parts. The acquisition of the Company by NHI further supports Bolts & Nuts’ growth and expansion strategy, following the recent opening of its new headquarters in Chattanooga, Tennessee and new facility in Danville, Kentucky. With a new branch in Louisville, Bolts & Nuts broadens its ability to serve strategic manufacturers and OEMs in the Commonwealth of Kentucky, southern Indiana, and Ohio.
Randy Crowdis, CEO of U.S. Nuts and Bolts, said, “In combining with Bolts & Nuts, our team acquires the advantages of global scale while marrying up with a company whose core values are focused on delivering value to our four key stakeholders: customers, team members, community, and suppliers.”
Allston Advisory Group served as the exclusive financial advisor to the Sellers, U.S. Nut and Bolts. Allston established a valuation assessment of the Company, prepared a thorough confidential memorandum, assisted with the Buyer’s due diligence, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity as well as provide employees with an established, high-growth and well-capitalized new owner.
ABOUT ALLSTON ADVISORY GROUP, LLC:
Allston Advisory Group, LLC is an experienced boutique investment bank providing M&A advisory services, including mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. Headquartered in Louisville, Kentucky, the firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.
For additional information on this deal, please contact one of our advisors.