- Tecum Capital Partners (“Tecum”) is pleased to announce that Bolts & Nuts Corporation (“B&N”), a Tecum Capital Partners II portfolio company, has successfully completed a merger with Technical Threads (“TT”) of Franklin, Indiana.
Technical Threads is a provider of highly engineered pipe, valve and fitting fasteners and gaskets serving customers throughout the U.S., Canada and Mexico. With the addition of Technical Threads teams in Franklin and Rock Hill, South Carolina, B&N will broaden its ability to serve its customer base in North America, Europe and Asia, where Technical Threads maintains existing customer relationships. Currently, B&N serves customers in over 40 states, Mexico and Europe via locations in Tennessee, Kentucky, Georgia, North Carolina, Nebraska, Oklahoma and Illinois.
“We are excited to welcome Adam Howell, Matt Simon and the TT team, who will continue to run this important business serving their unique customer base to become a part of the B&N family. We are eager to broaden our reach for our customers, supporting economic development, job creation and contribution to the communities of Indiana and the Carolinas that is core to B&N’s values,” said Mike Strunk, CEO of Bolts & Nuts Corp.
According to Howell and Simon, co-presidents of TT, “In combining with B&N, our team acquires the advantages of marrying up with a company whose core values focus on delivering value to our four key stakeholders: customers, team members, communities and suppliers.”
Tecum Capital continues to be impressed with B&N leadership and is excited at the future growth prospects for the company. Stephen Gurgovits, Jr., Managing Partner of Tecum, reinforced the partnership by stating “Tecum has been involved with Bolts & Nuts since early in the life of our first fund and, through our Fund II investment, we remain bullish on the company’s long-term vision of becoming the nationwide leader for fastener, VMI, MRO and specialty part needs."