The private shareholders of Fab-Tech Supply, Inc. have sold the company to FT Acquisition Company, LLC (FAC) for an undisclosed consideration.
Founded in 1992 in Jacksonville, Florida, by Marty Hussey and Chuck Hullender, Fab-Tech Supply is a manufacturer of specialized hardware used in the fabrication of electrical sheet metal enclosures. In addition, the company is a distributor of metal hinges and stainless steel fasteners.
FAC is an investor group planning to modernize the operations of Fab-Tech to better serve the existing customer base and acquire new customers. In addition, FAC will focus on diversifying the current product mix to serve additional industries.
Oaklins' team in Jacksonville acted as intermediary and financial advisor to the seller in this transaction.
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