Private Equity Firm Invests in Carlson/Mid-Atlantic Fasteners
9/3/2009 7:35:00 PM
Private Equity Firm Invests in Carlson/Mid-Atlantic Fasteners
Industrial Opportunity Partners announced that it has partnered with shareholders and senior management in Carlson Systems Holdings Inc., and its two subsidiaries, Carlson Systems, LLC, and Mid-Atlantic Fasteners, LLC.
Carlson Systems is a multi-regional distributor of fasteners and packaging focused on construction, industrial and OEM customers. It sells, staplers, tapers, marking and labeling products, stretch/shrink wrappers, and strappers.
Mid-Atlantic Fasteners started by Frank & Catherine Mitchell out of their garage in Baltimore just after World War II as a Duo-Fast distributor. Initial customers were upholstery shops, furniture manufacturers, the bedding industry, and millwork companies. Mid-Atlantic now supplies fasteners, nailers, staplers and accessories to the construction and industrial industries.
Mid-Atlantic was acquired by Carlson Holdings in 2006.
Mid-Atlantic has 20 locations and is headquartered at 8220 Stayton Dr., Jessup MD 20794 Tel: 410 505-9200 or 800 875-3861 Fax 410 724-0164
Todd Carlson remains CEO, president and executive vice president of Carlson Systems sales.
James Todd, an IOP operating principal, becomes chairman and Don Carlson and Todd Carlson serve on the Carlson Systems board of directors.
Founded in 1947 by Carl & Julia Carlson in their Omaha house as Carlson Stapler & Supply, the combined Carlson companies now total 50 locations in the U.S. and Mexico with the headquarters at 10840 Harney St., Omaha NE 68154 Tel: 800 745-6735
IOP is a private equity firm investing in manufacturing and distribution businesses with sales between $30 million and $350 million and is located at 1603 Orrington Ave., Suite 700, Evanston, IL 60201 Tel: 847 556-3460 Fax 847 556-3461 ©2009 GlobalFastenerNews.com
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