Private equity firm Center Rock Capital Partners LP on Thursday announced that LINC Systems, its industrial fastener and packaging distribution platform, has acquired Active Sales Co., Santa Fe Springs, California. Financial terms of the deal weren’t disclosed.
Active Sales is a distributor of industrial fastening products and industrial packaging supplies to customers throughout the Western United States.
“On behalf of everyone at Active Sales, we are excited to begin our next chapter as part of the LINC organization,” said Craig Russell, CEO and president of Active Sales. “Together with LINC, we will be positioned to continue to offer a strong portfolio of brands, quick turn fulfillment, and most importantly, an unmatched commitment to customer service.”
Ted Azar, CEO of LINC Systems, said, “Active Sales has been a reliable supplier of a full range of fasteners, fastening equipment, and packaging supplies to its customers for over 70 years. The acquisition of Active Sales is an important step in building a leading, nationwide industrial fastener and packaging distribution platform.”
Added Kelly Evans, president of LINC, “Like LINC, Active Sales is dedicated to providing customers with exceptional service, selection, and product knowledge. We look forward to working with Craig and his team as we continue to grow and gain market share.”
“Despite the disruption in the economy, LINC continues to grow both organically and via acquisition,” said Matt Conway, principal of Center Rock. “With the acquisition of Active Sales, LINC is further diversified across customers and end markets, as well as geographically with the combined businesses now serving customers in 37 states. We are excited to support the combined management teams and their continued growth.”