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 $4.4 billion and more than 20,000 employees, Fastenal operates approximately 3,000 selling locations in 24 countries around the world.
SPENSALL PRECISION ENGINEERING, located in Leeds, United Kingdom, manufactures precision-machined parts serving the global oil & gas, industrial and power generation industries. From a state-of-the-art manufacturing facility, Spensall ships to over 20 countries and produces over 90,000 parts per year.
The acquisition of Spensall expands Fastenal’s presence in the United Kingdom by adding a strong manufacturing business serving attractive end markets.
Bridgewood Advisors Inc. initiated this transaction, assisted in negotiations, and provided strategic and financial advisory services to Fastenal Company.