Situation

Under the leadership of CEO Blake Ray, Portland Bolt began to pursue a strategic acquisition strategy to drive growth and expand domestic manufacturing capabilities. Following the Company’s first acquisition of Southern Anchor Bolt in June 2024, the Portland Bolt team engaged G2 with a continued focus on expanding geographically while diversifying their product offering. Portland Bolt identified a clearly defined acquisition strategy to support long-term growth in this highly specialized industry.

Engagement

G2 Capital Advisors, LLC (“G2”) was engaged as the exclusive buy-side advisor to identify and originate acquisition targets aligned with Portland Bolt’s criteria and growth objectives. G2 conducted extensive market research, vetting hundreds of companies, and introduced qualified targets to Portland Bolt.

Outcome

Portland Bolt successfully acquired Applied Bolting Technology, marking a strategic expansion of its product offerings and manufacturing capabilities. The acquisition further strengthens Portland Bolt’s position as a leading provider of custom fasteners by enhancing its expertise in critical bolting applications. This expansion not only broadens Portland Bolt’s product portfolio but also brings a diverse customer base, enabling the Company to deliver its industry-leading solutions to a wider market. Portland Bolt is well-positioned to drive continued growth and deliver superior value to its customers through this acquisition.

“It was a pleasure to work alongside the Portland Bolt and Endeavour Capital teams on the acquisition of Applied Bolting Technology. This acquisition not only expands Portland Bolt’s product offerings but also strengthens its position in the fastener industry by enhancing its capabilities. We are excited to see the continued growth and success of the Portland Bolt team,” said Michael Flynn, Managing Director at G2 Capital Advisors.

Blake Ray, CEO of Portland Bolt, stated, “Partnering with G2 was key to successfully completing this transaction. We are excited for Portland Bolt and Applied Bolting Technology to join forces and look forward to expanding our capabilities together, delivering even greater value to our customers.”