Norton Jackson advised on the sale of B&C Fasteners of Lewisberry, PA, a leading distributor of fasteners and pneumatic power tools to the shed and home building industries.
B&C was in business for almost forty years and had carved out a niche selling fasteners and pneumatic tools to shed builders in Lancaster County and South Central Pennsylvania.
John H. Myers & Sons is a portfolio company of US LBM, which is the sixth largest building supply company in the United States as of 2016. US LBM is majority owned by Kelso & Company, the large private equity firm.
Norton Jackson was the exclusive financial advisor in the transaction and facilitated the sales process by contacting a limited number of strategic acquirers, advising the seller during the sales process and overseeing negotiations and due diligence to ensure a successful closing.