Company Description
Corus Fastening (“Corus” or the “Company”), headquartered in Springfield, NJ and family-owned since 1962, has been in operation for over 60 years and is one of the oldest and largest specialty distributors of fastening solutions within the New England and Mid-Atlantics states.
Services Provided
MelCap served as the exclusive investment banker and financial advisor to Corus through the sale of the business. MelCap would like to thank Howard Kastner, President & CEO of Corus, for hiring MelCap to represent him in this transaction. It was an honor and pleasure to work with Howard and the Company throughout this exciting process.
The Result
In an effort to achieve Howard’s goals and objectives and support the Company’s strategic growth plans, MelCap was able to successfully identify the ideal buyer for the business. As a result, Corus was sold to LINC Systems, a portfolio company of Center Rock Capital Partners, headquartered in Bloomfield, MI. LINC Systems, headquartered in Westfield, IN, is a leading distributor of fastening solutions and industrial supplies serving a broad range of industrial end markets including pallet, furniture, housing, construction and general industrial.
Deal Team
We would also like to thank the deal teams for both sides that worked on this transaction. We could not have completed this transaction without your tireless efforts. More specifically, we’d like to thank Ballard Spahr LLP, Hunrath, Napolitano, Quigley and Taylor, LLC, Foley & Lardner LLP, and Plante Moran.
“Corus was my family business that my father purchased in 1969. After speaking with six different investment banking firms, my wife and I chose MelCap to represent us for the sale of our company. We knew that this had to be done right and that selling our business is something that we would only be doing once in our lifetime. MelCap’s attention to detail and professionalism was absolutely first class. We were especially impressed with their persistence, hard work, and integrity. As the deal was coming to a conclusion, they handled a number of difficult issues with great aplomb and skill that showed that they had navigated these waters many times before. Thank you, MelCap, for guiding us through a demanding and emotional process to a successful outcome.”
