Audax Group Buys Elgin Fastener Group - Modern Distribution Management

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Audax Group Buys Elgin Fastener Group

Elgin sells fasteners through its Ohio Rod Products, Chandler Products and Leland Powell Fasteners divisions.
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Elgin Fastener Group LLC has been sold to Audax Group. EFG was a portfolio company of OCM/GFI Power Opportunities Fund II, L.P., which is jointly managed by Oaktree Capital Management LLC and GFI Energy Ventures LLC.

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Headquartered in Versailles, IN, EFG is a manufacturer of short-run, high-quality specialty fasteners for industrial end markets. EFG manufactures cold-headed, long-length, small diameter fasteners; cold formed, close tolerance, high precision threaded fasteners; and semi-standard specialty fasteners through its Ohio Rod Products, Chandler Products, and Leland Powell Fasteners divisions, respectively.

Lincoln International was the financial advisor to EFG and Oaktree/GFI.

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