New York, NY – August 13th, 2019 – Tenex Capital Management (“Tenex”) is pleased to announce it has closed an investment in Big Bolt LLC (the “Company”), an ISO-certified manufacturer of specialty fasteners with best-in-class responsiveness, turnaround times, and quality assurance.
Big Bolt’s products range 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.
“In looking for a partner, we wanted someone who understood our industry, had demonstrated success around the space with other established businesses, and brought value added operational experience. We have found that in the Tenex team,” commented Big Bolt CEO and COO Pat and Tom Partridge.
Tenex Managing Director of Operations Ron Lejman and Principal of Investments Perrin Monroe said, “We are thrilled to be partnering with Tom, Pat, and the broader Big Bolt team. Like them, we see tremendous opportunity to further expand upon the Company’s well-known brand and compelling value proposition.”
The transaction was effective as of August 9, 2019.
About Big Bolt Corporation:
Established in 1977 and headquartered in Bloomingdale, IL, Big Bolt LLC is an ISO9001 certified specialty fastener manufacturer. Through its comprehensive in-house manufacturing capabilities, Big Bolt is capable of manufacturing non-standard fasteners in lengths of up to or greater than 30-inches with a 0.25-inch to 3.5-inch diameter with high quality assurance. The Company maintains a large stock of material and finished product in order to fulfill emergency orders in market leading turnaround times. For additional information, please visit www.bigbolt.net.
About Tenex Capital Management:
Tenex Capital Management is a private equity firm that invests in lower and middle-market companies. Tenex uses an in-house team of hybrid investment professionals skilled in operational leadership, investing and capital markets structuring to maximize long-term value creation. Tenex’s deep operating experience allows the firm to collaborate with management teams to capitalize on business and market opportunities. Tenex has successfully invested in a diverse range of industries, including industrials, manufacturing, automotive aftermarket, and health and business services. For additional information, please visit www.tenexcm.com.