The new leader will succeed current CEO Steve Henry, who is retiring after 16 years with the company.
That’s despite a small monthly downtick in the portion of in-market locations reporting growth, meaning Fastenal got relatively more out of its biggest customers. Get our full breakdown of the January numbers here.
Private equity firm Exponent acquired U.K.-based Optimas International from its U.S.-based parent company Optimas Solutions.
White Cap is owned by PE firm CD&R, and Colony by Audax Private Equity. It will net White Cap more than 60 new locations.
We dissect all the key figures from Fastenal’s full year, 4Q and December results and provide the context around them.
The manufacturer/distributor made nine bolt-ons during 2025 that led to healthy annual gains in sales and EBITDA.
Dan Florness has been with the company since 1996 and its CEO for the past nine-plus years.
The new facility will be the company’s flagship location with advanced warehouse operations, quality and engineering lab and an innovation center.
It nets the master distributor — primarily known for its fastener offerings — nine new locations across the U.S. and gives it a strong footfold in the wire and cable market.
The distributor posted its fifth straight month of double-digit daily sales gains despite a soft demand backdrop and topped analysts’ expectations, powered by acceleration in heavy manufacturing.
Truelink Capital plans to support SouthernCarlson’s next phase of growth through a combination of commercial and operational initiatives and strategic M&A.
A veteran hire aims to accelerate the company’s international commercial strategy and support full alignment with product-led, supplier-led led and customer-led growth ambitions.
