IAG M&A Advisors

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Success Stories and Closed Transactions
from IAG M&A Advisors

IAG Sells Connor Fastener, Inc. in Georgia

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In a significant development in the industrial supply sector, Connor Fastener, Inc., a Macon, Georgia-based wholesaler renowned for its extensive range of fastening solutions, has successfully been acquired by Candor Industrial Supply, Inc. This strategic move was expertly facilitated by IAG M&A Advisors, leveraging their proven process to ensure a smooth transition and excellent fit between the two companies.

 

 Strategic Sale Process

 

Founded in 1993 by Michael W. Connor, Connor Fastener, Inc. has established a stellar reputation for distributing premium fasteners including rivets, screws, washers, bolts, nuts, and more. The company has long been committed to providing outstanding service to both new and long-standing customers, a philosophy that has underpinned its success for nearly three decades.

 

Recognizing the need to transition to new ownership as part of strategic growth, Connor Fastener engaged with IAG M&A Advisors. The process began with a thorough valuation of the business, preparing it effectively for the market, and ensuring that potential buyers understood its value and potential. IAG then confidentially sourced and qualified potential buyers, a crucial step that led to the selection of Candor Industrial Supply, Inc.

 

 Candor Industrial Supply’s Expanding Footprint

 

Founded in 2019 by Justin and Christy Alfrey, Candor Industrial Supply has rapidly become a noteworthy player in the industrial supply distribution industry. With a mission to blend high-tech operational efficiency with the personal touch of a smaller business, Candor has expanded its presence aggressively. Prior to acquiring Connor Fastener, Candor had made two other strategic acquisitions and now boasts locations in Upland California, Tempe Arizona, Coppell Texas, and the latest addition in Macon, Georgia.

 

 A Perfect Match

 

The acquisition of Connor Fastener by Candor Industrial Supply represents a strategic alignment of two companies dedicated to maintaining high standards of customer service while expanding their market reach. The newly expanded company is poised to offer an even more comprehensive range of products and services across the United States, from fasteners to hand and power tools.

 

 Testimonial from Michael Connor

 

Reflecting on the sale, Michael Connor shared his positive experience working with IAG M&A Advisors: “I recently just sold my company to a great buyer in my industry. When we met with the IAG M&A Advisor Don Hearn, he educated us about the process and their approach to selling a business made us comfortable. Don’s knowledge of the industry and the professionalism of the IAG Team really impressed my wife and I. We also felt very comfortable with Paula Kruger, the Managing Director from IAG, who assisted us in facilitating the sale of our business. I would highly recommend IAG to anyone who is thinking about selling their company.”

 

 Looking Forward

 

With this acquisition, Candor Industrial Supply not only extends its geographical footprint but also reinforces its commitment to providing high-quality, responsive service to its customers. The addition of Connor Fastener enriches Candor’s product offerings and customer service capabilities, ensuring that the legacy of Michael Connor’s dedication to quality and service will continue to thrive under new stewardship.

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