Kelso Fund IX Announces Agreement to Acquire SouthernCarlson
June 30, 2016
Kelso is pleased to announce that on June 30, 2016, we signed a definitive agreement to acquire Fastener Holdings, Inc. (“SouthernCarlson” or the “Company”).
SouthernCarlson is a leading national distributor of fastening and packaging products and supplies across 34 states. The Company serves contractors, dealers, retailers and manufacturers in construction and industrial end markets through its network of 140 retail locations and 15 distribution centers. SouthernCarlson combines industry-leading product availability and expertise with a value-added services offering that includes tool repair services, a tool loan program, national account management and dealer category management. The Company has completed seven acquisitions since January 2013 as part of a roll-up strategy to create the first fastener distribution business with national scale.