DALLAS, Nov. 20, 2018 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Screw Products Inc., to Lawson Products Inc. The acquisition closed October 1, 2018.
Screw Products Inc. (SPI) is the leading regional distributor of fasteners, hardware and related products to businesses. Headquartered in Dallas, Texas, the company primarily distributes fasteners directly to manufacturing and original equipment manufacturing (OEM) customers for use in their products. What sets SPI apart from other distributors is its offering of customized fastener and components packaging, sub-assembly and kitting services.
Key SPI sales and operations employees will continue in their current roles reporting to SPI President and CEO Bill Marthens, who will oversee the day-to-day operations as Director, Segment Development, for Lawson Products.
"We are thrilled to join Lawson Products and are excited about the potential opportunities from leveraging their resources and experience," Marthens said. "Lawson supports our commitment to a high level of customer service and to growing our sales profitably. We look forward to a great future as part of Lawson."
Lawson Products is a publicly traded distributor of products and services to the industrial, commercial, institutional and government maintenance, repair, and operations marketplace across North America. With a home base in Chicago, Illinois, the company also manufactures and distributes production and specialized component parts, fasteners and fittings to the OEM marketplace. Lawson serves companies in the automotive repair, commercial vehicle maintenance, government, manufacturing, food processing, distribution, construction, oil and gas, mining, wholesale, and service industries.
"SPI's deep expertise and successful execution in its markets have yielded strong profitability and sales growth," said Lawson Products President and CEO Michael DeCata. "This transaction further reinforces our commitment to being strategically focused and disciplined in pursuing acquisitions. As a result, Lawson is well-positioned to further penetrate the job shop/manufacturing market segment and to grow sales for both SPI and Lawson."
Generational Equity Senior Managing Director Michael Goss's team, led by VP Corey Painter, successfully closed the deal. Senior Managing Director Joe Van Voorhis established the initial relationship with SPI.
"Both seller and buyer have a great deal of respect and admiration for what each has accomplished," said Painter. "This transaction provides additional resources and experience to our client for growth and new opportunities."
About Generational Equity Generational Equity, DealForce, Generational Talis Wealth Advisory and Generational Capital Markets, member FINRA/SIPC, are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America. With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing merger, acquisition and strategic growth advisory services. Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services.