Transaction marks Montage Companions’ 20th funding to pace
WEST MELBOURNE, Fla., Aug. 28, 2024 /PRNewswire/ — Montage Partners, a people-first non-public fairness company headquartered in Scottsdale, Arizona, is happy to announce its funding in Military Fasteners (the “Company”), a B2B eCommerce distributor of mil-spec fasteners essentially to shoppers within the aerospace and protection business. Along incoming CEO David Ficadenti, Montage Companions is offering capital to additional boost up the Corporate’s enlargement.
Based in 2016, Army Fasteners is a disrupter within the aerospace and protection fastener business as a primary mover in eCommerce gross sales, which resonates with a rising choice of procurement execs within the millennial and Gen Z cohorts who’re digitally local and like making on-line purchases. A name for having one of the crucial greatest and maximum numerous fastener phase alternatives gladly to be had for speedy on-line procurement and fulfilment coupled with remarkable customer support has resulted in the Corporate organically increasing its income via just about 5x since 2019.
“Military Fasteners plays a critical role in the aerospace and defense supply chain given the importance of minimizing fleet downtime during maintenance, repair, and overhaul operations,” stated Rob Wolfman, co-Managing Spouse of Montage Companions. “Underpinning the Company’s rapid growth and success has been a laser focus on exceeding customer expectations with every order placed, day-in and day-out. We have tremendous respect for what’s been built to date and look forward to driving further innovation and customer success with David at the helm.”
Ficadenti, who has spent nearly all of his profession within the aerospace and protection business, used to be maximum just lately Vice President, Company Construction and Licensing at Honeywell. Ficadenti held complete P&L accountability for Honeywell’s Strategic Licensing industry and presided over legacy product form monetization and channel spouse restore aftermarket. In that function Ficadenti led a 30-person workforce and completed record-setting enlargement for the industry.
“I’m thrilled to be partnering with Montage Partners to lead Military Fasteners into the next phase of growth,” said Ficadenti. “Montage’s people-first philosophy aligns with my leadership style and values, and we both take a long-term approach to investing. Military Fasteners has a truly novel business model in the aerospace and defense industry, and I’m excited to work with Director of Operations, Rebekah Disser, and the rest of the team to further accelerate the Company’s success.”
“David is a perfect fit for Military Fasteners as it hits an inflection point of growth,” added Chris Norwood, Vice President at Montage Companions. “This is the type of win-win-win scenario we strive to achieve with extraordinary leaders through our Successor President ProgramTM. David’s industry experience and successful track record, along with Rebekah’s operational focus and years of experience in the business, provide a strong foundation for the Company’s next chapter.”
Hour plans come with investments in humans, advertising and marketing, and industry construction to additional enlarge the corporate’s marketplace proportion, in addition to opening a distribution facility in Phoenix, AZ which can additional shed send occasions and make allowance the Corporate to raised grant shoppers in primary aerospace and protection hubs akin to Dallas, Los Angeles, Phoenix, Seattle, and Wichita. Disser will stay in her function as Director of Operations and paintings with Ficadenti to put in force those and alternative strategic projects.
“I’m excited to help lead Military Fasteners into our next chapter with David and Montage Partners,” shared Disser. “We’ve already built one of the largest and most diverse online fastener catalogs and pride ourselves on fulfilling orders faster than anyone else in the industry. With David’s expertise and Montage Partners’ track record of successfully growing businesses, I look forward to further expanding our offerings and capabilities.”
The transaction closed on August 26, 2024. Osborn Maledon, P.A. supplied felony recommend to Montage Companions.
About Montage Companions
Based in 2004, with workplaces in Scottsdale, Arizona and Salt Pond Town, Utah, Montage Companions is a people-first non-public fairness company devoted to serving to established companies achieve transformative enlargement. Montage Companions invests in corporations headquartered within the U.S. or Canada with $1.5 million to $7 million in EBITDA within the generation {and professional} services and products, healthcare, business services, and client sectors. Above all alternative funding standards, Montage Companions invests in remarkable humans.
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Emily Rios
SOURCE Montage Companions
