About the Deal
FASTENAL COMPANY (NASDAQ: FAST), headquartered in Winona, Minnesota, is North America’s largest fastener distributor and the world’s most efficient supplier of OEM, MRO, and construction products. With annual revenues of over $3.8 billion and approximately 20,000 employees, Fastenal operates approximately 2,600 stores and 14 distribution centers in over 20 countries around the world.
FASTENERS INC., headquartered in Spokane, Washington, is a regional industrial and construction supply distributor with a presence in Washington, Idaho, Oregon, and Montana. The company operates 13 store locations with over 175 employees, and has annual revenues of approximately $36 million.
The acquisition of Fasteners expands Fastenal’s presence in the Pacific Northwest by adding a strong regional player with a culture of integrity and exceptional customer service.
BRIDGEWOOD ADVISORS initiated this transaction, assisted in negotiations, and provided strategic and financial advisory services to Fastenal Company.