NEFCO Acquires Southwest Fastener in Phoenix - Modern Distribution Management

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NEFCO Acquires Southwest Fastener in Phoenix

The acquisition is NEFCO's eighth since 2017.

On April 4, East Hartford, Connecticut-based construction supply distributor NEFCO announced its acquisition of Southwest Fastener, a fastener distributor based in Phoenix, Arizona. Financial terms of the transaction were not disclosed.

Founded in 1990, Southwest Fastener is a distributor of strut channels, hardware and strut fittings in addition to specialty fasteners. Southwest Fastener serves the Southwest region out of three branches in Phoenix, Dallas and Albuquerque, New Mexico.

“At Southwest Fastener, our team has always been dedicated to providing exceptional service to our customers and end users. It’s a core value that has driven our business since day one,” Southwest Fastener President Ken Lubbering said in a news release. “Through this partnership, we’ll be able to expand our relationships, product offerings, and services to better serve our customers. We’re thrilled to join the NEFCO team and believe that our employees will thrive in their culturally aligned and best-in-class organization. We could not be more excited for the future and look forward to continued success together.”

The acquisition is NEFCO’s eighth since 2017, according to the release.

“Southwest Fastener represents a highly strategic fit for NEFCO,” NEFCO President and CEO Matthew Gelles said in the release. “Growing our western region presence is a strategic priority for NEFCO as we aim to be the number one SHARP and related products supply partner across the country. We are excited to be entering these markets by teaming with such a strong and trusted distributor as Southwest Fastener. We look forward to executing our plans to accelerate growth throughout the western half of the United States in conjunction with the Southwest Fastener team.”

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