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May 12, 2023

On May 12, 2023, Bertram Capital Partners (“Bertram”), through its portfolio company AFC Industries (“AFC”), completed its acquisition of Fastbolt Corp. (“Fastbolt”), a provider of services including supply chain management, kitting and assembly, sourcing and risk mitigation for fasteners and other parts.

Bertram is a private equity firm targeting investments in lower middle market companies. AFC is a leading distributor of industrial fasteners and assembly components. The combination of Fastbolt and AFC allows to collectively provide their customers a level of product and service offerings unmatched in the industrial distribution market.

McMillan acted as Canadian counsel to AFC Industries advising on all transaction related matters. With specific focus on cross-border considerations, Brett Stewart led the national and multidisciplinary team alongside Catherine Burrogano, Andrew Stirling, Nicholas Yanakis and Mireille Germain.

As a national business law firm with exceptional capabilities to lead businesses through cross-border transactions and investments into Canada and within multifaceted regulatory regimes, McMillan provides real-time business solutions to our clients. Our legal teams are skilled at structuring and closing complex deals of all shapes and sizes in Canada, the US and internationally and in providing innovative transactional advice and solutions. Our understanding of business imperatives and our relationships with the regulators helps our clients stay ahead.