Brookside Capital Partners has announced a strategic investment in Military Fasteners, a leading B2B eCommerce distributor specializing in mil-spec fasteners. This investment underscores Brookside Capital Partners‘ commitment to supporting innovative companies in key sectors and facilitating their continued expansion. Military Fasteners, established in 2016 and based in Melbourne, FL, has rapidly become a significant player in the aerospace and defense industry by leveraging a modern eCommerce model to serve its clients.
Military Fasteners distinguishes itself within the aerospace and defense fastener market through its pioneering approach to eCommerce. The company caters to a digitally native customer base, particularly millennial and Gen Z procurement professionals who prioritize online purchasing for efficiency and convenience. With an extensive online catalog boasting thousands of unique SKUs, Military Fasteners offers a comprehensive range of products, including screws, rivets, bolts, nuts, and washers. These products are essential for both new production and critical maintenance, repair, and overhaul (MRO) operations, ensuring minimal downtime for clients. The company’s platform is designed for ease of use, enabling swift online procurement and fulfillment, which is crucial for the fast-paced demands of the aerospace and defense sectors.
Alt text: A close-up shot showcasing a diverse assortment of mil-spec fasteners including screws, bolts, nuts, and washers, arranged to highlight the breadth of Military Fasteners’ product catalog catering to the aerospace and defense industry.
The investment by Brookside Capital Partners took the form of unitranche debt and a co-investment in equity, supporting the acquisition of Military Fasteners by Montage Partners. Montage Partners, a private equity firm focused on people-centric investments, with offices in Scottsdale, Arizona, and Salt Lake City, Utah, targets companies with EBITDA ranging from $1.5 million to $7 million. Their investment sectors include technology and professional services, healthcare, industrial products and services, and consumer industries. This partnership between Montage Partners and Brookside Capital Partners highlights a collaborative approach to fostering growth in promising businesses like Military Fasteners.
Brookside Capital Partners has a strong track record, having invested $1.3 billion since its inception in 2001. The firm is recognized as a leading provider of flexible capital solutions to lower middle-market companies. Their investment strategies typically involve subordinated debt, unitranche loans, and minority equity co-investments. Brookside Capital Partners generally invests between $5 million and $30 million per transaction, and possesses the capacity for larger deals through partnerships with limited partners and associates. The firm emphasizes building strong relationships with both sponsor and management partners, aiming to create tailored credit solutions that meet the specific needs of each investment scenario. Their core values are centered around partnership, collaboration, and achieving mutual success.
Brookside Capital Partners focuses on companies that meet specific investment criteria, ensuring a strategic and consistent approach to their portfolio growth. These criteria include:
- Revenue exceeding $15 million
- EBITDA greater than $4 million
- EBITDA margins over 10%
- Demonstrated stable historical performance and predictable cash flows
- Strong and capable management teams
- Clearly identifiable competitive advantages
Their preferred sectors for investment reflect a diverse and robust economy, including Business Services, Consumer, Distribution, Healthcare Services, Manufacturing, and Transportation & Logistics.
For parties interested in exploring investment opportunities, Brookside Capital Partners encourages reaching out through their website at www.brooksidecp.com. The firm assures a prompt and confidential response to all investment proposals, reinforcing their commitment to building new partnerships and supporting the growth of lower middle-market businesses. This investment in Military Fasteners is a clear example of how Brookside Capital Partners actively seeks to empower companies with strong growth potential and innovative business models.
