Headquartered in Walsall, West Midlands, Midlands Special Fasteners is a leading manufacturer and worldwide distributor of fasteners and precision-engineered machine components. The company produces essential parts for some of the most demanding industrial sectors and extreme operating conditions, serving industries such as gas turbines, nuclear power, energy generation, and motorsport.
Holding numerous contracts with top-tier European corporations, Midlands Special Fasteners plays an integral role in its clients’ supply chains.
With the business owners planning for retirement, Altius Corporate Finance Executive Nathan Miller sourced the perfect acquirer in Teqnion AB. This globally active group specialises in acquiring highly specialised industrial businesses, with its diverse subsidiaries ranging from bespoke laboratory technology and advanced acoustic target indication systems for supersonic projectiles to suppliers of industrial weighing equipment.
CEO at Midlands Special Fasteners, Mitch Lane, said: “Already at the first meeting we felt that Teqnion would be a great forever home for MSF. Daniel and Johan share our values and understands what makes our company successful. We look forward to growing the business together with Teqnion. There is much left to do!”
CEO of Teqnion, Johan Steene, stated: “We are happy to welcome MSF into the Teqnion family. Mitch and his team have the mindset, relationships in place and industrial expertise to supply its customers with the right type of special fasteners for very niche applications, and it will be very fun to grow the business together.”
Altius Corporate Finance Executive, Nathan Miller, commented: “The timescales of the deal were relatively speedy, due to the experience of the buyer and the willingness of the seller to keep the process moving and get the due diligence across. I wish both parties well.”
For more information, visit: altiuscorporatefinance.com