January 31, 2021
The Partners of ShoreView are pleased to announce that Monroe Engineering Group, LLC (“Monroe”), a ShoreView portfolio company, has acquired two businesses: JHP Fasteners and Wisconsin Fastener Supply. Translink acted as advisor to the buyer.
Headquartered in Walker, Michigan, JHP Fasteners supplies fasteners and related components that are used in a broad range of industrial OEM applications. Wisconsin Fastener Supply is a distributor of fasteners, hardware, coatings, tools, chemicals that are used in industrial and automotive applications based in Manitowoc, Wisconsin.
Monroe Engineering Group Expands with Acquisition of JHP Fastener
The acquisition of JHP Fastener by Monroe Engineering Group, a portfolio company of ShoreView Industries, is a strategic move to strengthen Monroe’s capabilities in fastener solutions. Known for high-quality engineering and manufacturing, Monroe Engineering expands its product range and expertise with this acquisition, gaining access to JHP Fastener’s extensive line of industrial fasteners. This acquisition highlights Monroe’s commitment to growth through mergers and acquisitions (M&A) in the industrial components sector, reinforcing its position as a leading provider of engineered solutions.
Enhanced Product Offerings in Industrial Fasteners
With JHP Fastener now under its umbrella, Monroe Engineering Group enhances its ability to meet growing demand for specialized fasteners across various industries, including automotive, aerospace, and construction. JHP Fastener’s reputation for quality and reliability complements Monroe’s existing product lineup, allowing the company to deliver a more comprehensive range of fastener solutions. As industry requirements evolve, the expanded product offerings position Monroe to serve both existing and new customers with specialized needs in high-performance industrial fasteners.
Growth Through Strategic Acquisitions in Engineering
The acquisition of JHP Fastener underscores Monroe’s growth strategy of expanding its market reach and technical capabilities through strategic acquisitions. By acquiring companies with niche expertise, Monroe Engineering can offer a wider range of engineered products while leveraging the synergies created from such acquisitions. The M&A activity in the engineering and manufacturing space continues to be a key driver of innovation and growth, allowing companies like Monroe to remain competitive and responsive to market demands.
Expanding Market Reach in the Fastener Industry
Monroe Engineering’s acquisition of JHP Fastener reflects its goal to expand market share within the fastener industry. With JHP’s specialized fastener solutions and Monroe’s strong distribution network, the company can better serve clients across North America. This acquisition also allows Monroe to further strengthen its foothold in the industrial fastener market, providing high-quality components essential for manufacturing, construction, and industrial applications.
Contact our Team Members advising in this transaction:
Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading diversified financial services company with over 32 years of advisory and merchant banking experience dedicated to middle-market transactions.