AFC is a leading provider of supply chain management services and vendor managed inventory programs to original equipment manufacturers. The company specializes in fasteners and other essential assembly components. AFC also provides a wide array of value-added services, including kitting, packaging, assembly and other customization specific to their customers’ needs.
How We Partnered
Transaction Dynamics
A partnership with management to purchase the company from a private owner. Management made a significant reinvestment in the company as part of the transaction.
Investment Thesis
- Long-term customer relationships and high switching costs
- Attractive financial profile and free cash flow conversion
- Multiple avenues for organic growth, including further penetration of existing customers, new customer additions and geographic expansion
- Pipeline of accretive acquisition targets with strong strategic fit
Incline Value Enhancement
- Expanded management team to support growth
- Developed global sourcing capabilities
- Completed twelve acquisitions
- Upgraded and consolidated ERP systems
