Audax Group Acquires Elgin Fastener Group

2011-10-03

Elgin Fastener Group LLC has been sold to Audax Group. EFG was a portfolio company of OCM/GFI Power Opportunities Fund II, L.P., which is jointly managed by Oaktree Capital Management LLC and GFI Energy Ventures LLC.
Headquartered in Versailles, IN, EFG is a manufacturer of short-run, high-quality specialty fasteners for industrial end markets. EFG manufactures cold-headed, long-length, small diameter fasteners; cold formed, close tolerance, high precision threaded fasteners; and semi-standard specialty fasteners through its Ohio Rod Products, Chandler Products, and Leland Powell Fasteners divisions, respectively. (source: Modern Distribution Management)