Stout Advises on Transaction by Big Bolt Corporation

August 15, 2019

Stout announced today that its client, Big Bolt Corporation (“Big Bolt”), received an investment from Tenex Capital Management (“Tenex”), a private equity firm based in New York that invests in lower middle-market companies. Stout served as exclusive financial advisor to Big Bolt in connection with this transaction.

Founded in 1977 and headquartered in Bloomingdale, IL, Big Bolt is an ISO-certified manufacturer of specialty fasteners with best-in-class responsiveness, turnaround times, and quality assurance.

Big Bolt’s products span across metric, socket, acme, structural, hex, tap, flat head, and carriage nuts and bolts that are used in applications across the aerospace & defense, agriculture, transportation, commercial construction, and general industrial end-markets. Unique to Big Bolt is its rapid production capabilities and precision quality of non-standard fasteners. Key to this value proposition is Big Bolt’s breadth of inventory that can be quickly customized, comprehensive manufacturing capabilities, and an in-house quality assurance team with rigorous testing capabilities for exactness and adherence to OEM standards.

“We couldn’t be more pleased with the outcome of this transaction and the assistance provided by Stout every step of the way,” said Big Bolt CEO Tom Partridge. COO Pat Partridge echoed that sentiment, “Stout seamlessly guided us through the process, recognizing our Company’s strengths and advising us on who would be the best partner given our deeply rooted values.”

“Big Bolt has a long history of success in the fastener marketplace and has developed a unique business model with significant potential for value-creation opportunities. Tenex understands Big Bolt’s industry, has demonstrated success around the space with other established businesses, and will bring value added operational excellence to the partnership,” said Stout Director Gian Ricco, who led the deal execution.

“This is a strong example of Stout’s expertise advising providers of highly engineered metal components,” said Chris Merley, Director and Head of Metals & Mining at Stout.

Stout’s Sidarth Balaji, Jack Kedroski, and Sam Friedrich assisted in executing the deal.

Andrew Weil and Adam Spector at DLA Piper served as legal advisor and deal counsel to Big Bolt.

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