Brookside Capital Partners is pleased to announce its investment in Military Fasteners (the “Company”). Founded in 2016 and headquartered in Melbourne, FL, Military Fasteners is a B2B eCommerce distributor of mil-spec fasteners primarily to customers in the aerospace and defense industry, with a focus on maintenance, repair and overhaul, among other sectors.
Military Fasteners is a disrupter in the aerospace and defense fastener industry as a first mover in eCommerce sales, which resonates with a growing number of procurement professionals in the millennial and Gen Z cohorts who are digitally native and prefer making online purchases. The Company has a robust product offering, operating as one of the largest and more diverse online fastener catalogs, with thousands of unique SKUs, and a convenient, easy-to-use platform for rapid online procurement and fulfillment. The Company’s top products consist of various screws, rivets, bolts, nuts and washers. Purchases are generally mission-critical for new production and to avoid fleet downtime and complete needed repairs.
Brookside Capital Partners provided unitranche debt and an equity co-investment to support the acquisition of Military Fasteners by Montage Partners, a people-first private equity firm with offices in Scottsdale, Arizona and Salt Lake City, Utah. Montage Partners invests in companies headquartered in the U.S. or Canada with $1.5 million to $7 million in EBITDA in the technology and professional services, healthcare, industrial products and services, and consumer sectors.
About Brookside Capital Partners
Brookside has invested $1.3 billion since its founding in 2001. We are a leading provider of flexible capital solutions to lower middle-market companies, typically in the form of subordinated debt, unitranche loans and minority equity co-investments. Brookside generally invests $5 million to $30 million per transaction and has the resources to complete larger transactions, as well, by partnering with limited partners and associates. As a firm, we believe in partnership, collaboration, and achieving results together. We value the relationships with our sponsor and management partners and seek to find credit solutions that work for each unique situation. We deliver on our promises.
Please contact us or visit our website at brooksidecp.com for additional information. We welcome investment proposals and promise a prompt and confidential response.