The McLean Group Advises Fastener Technology Corporation on Its Sale to Shimtech Industries Limited

MCLEAN, VA – December 17, 2019  – The McLean Group is pleased to announce that it advised Fastener Technology Corporation (“FTC”) on its sale to Shimtech Industries Limited, which is backed by Infexion Private Equity and Auctus Industries.  The transaction was led by Greg Nossaman and Greg Woodford of The McLean Group’s Aerospace, Defense & Government Services (ADG) practice. Terms of the transaction were not disclosed.

FTC, headquartered in North Hollywood, California, designs and manufactures high-strength, specialty fasteners for commercial and military aerospace applications. FTC’s client base includes over 400 customers worldwide, with many of these relationships spanning multiple decades. Lockheed Martin, Click Bond, Northrop Grumman, Boeing, Raytheon and Wesco International are among FTC’s long-term customers.

The existing management team, led by President Dennis Suedkamp, will continue to operate and grow the business, now aided by Shimtech’s resources.

Mark Stacey, Board Member and Co-Trustee of FTC, said, “Not having been through this type of process before, it was important that we engage an investment bank that knows the aerospace sector intimately and has the pedigree to design and manage a highly structured process. We couldn’t have been happier in our selection of The McLean Group as our partner. They provided strategic guidance, a high-level of professionalism and maximum effort throughout the sale process.”

“This transaction highlights the many opportunities that exist for well-positioned, specialized manufacturers of aerospace components,” said Greg Nossaman, Senior Managing Director, The McLean Group. “As a result of the highly fragmented nature of the market, companies that exhibit unique discriminators, such as FTC, can attract the interest of a number of buyer types and financing sources.”

Greg Woodford, Senior Managing Director of The McLean Group, added, “In this engagement, it was important to create a highly competitive transaction process and identify a partner that was a great strategic and cultural fit. Shimtech Industries fulfilled both objectives.”


Shimtech is owned by Inflexion Private Equity and Auctus Industries. With headquarters in Santa Clarita, California, its aerospace divisions include four manufacturing facilities in the United States, three in Europe and one in Mexico. Their C-Class Components Division specializes in the manufacture of high-volume, metallic and composite detailed components, which complement FTC’s fastener products. This division includes well-respected companies such as Lamsco, Attewell and Bolsan that, together with FTC, will continue to provide high-quality, on-time components to the commercial and military aerospace markets.


The McLean Group is a leading investment bank that provides objective strategic and financial advice on mergers and acquisitions, debt and equity recapitalizations, ESOPs and business valuations. As one of the only independent investment banks in the United States focused on the ADG market, The McLean Group maintains one of the largest dedicated teams in the country and possesses deep transactional expertise in nearly every segment of the government market. Continuing its track record as a leading advisor to middle market companies in the ADG industry, The McLean Group has closed 88 transactions since 2010. The McLean Group applies comprehensive industry knowledge, extensive transactional expertise, real-time understanding of industry-specific valuation drivers and senior-level attention to every client engagement it undertakes.

FTC acquired by Shimtech
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