Norwest Mezzanine Partners Supports Frontenac’s Acquisition of EFC International
November 01, 2021
Minneapolis, Minnesota – Norwest Mezzanine Partners (NMP) has invested a combination of subordinated debt and equity securities to support Frontenac in its acquisition of EFC International (EFC), a value-added distributor of highly engineered fasteners and specialized component solutions serving the automotive, electrified vehicle, industrial and distribution marketplaces.
EFC, headquartered in St. Louis, MO, provides solutions such as engineering support, sales and marketing, distribution, and high-touch service to customers in the automotive, industrial, and other technical end markets. The Company has served as a critical link between suppliers and customers for over 35 years. EFC has a history of growth driven by longstanding supplier relationships and a tenured customer base. Providing a high level of engineering support to customers and protecting supply chains is a cornerstone of EFC’s model. EFC’s engineered products include plastic injection molded components, spring steel stampings, cold-formed fasteners, clamp products, motion control and routing components, electrical/electronic connectors, and light assemblies among numerous other products. EFC has locations in North America, Europe and Asia.
Ron Kuehl, Managing Director at Frontenac, commented, “NMP has proven to be a reliable and flexible partner throughout the investment process, and we look forward to working with them as we continue the long track record of growth and execute the strategic plan alongside the EFC management team.”
“We are excited to complete our 5th investment alongside Frontenac,” said John Hogan, NMP Partner. “Matt Dudenhoeffer and the EFC management team have built an impressive company offering a range of specialized products and superior customer service. We are confident in Frontenac’s ability to continue the growth trajectory given their track record of success with industrial distribution companies.”
For more information, visit EFC’s website at www.efc-intl.com.
Frontenac is a Chicago-based private equity firm. The firm focuses on investing in lower middle market buyout transactions in the consumer, industrial, and services industries. Frontenac works in partnership with proven operating leaders, through an executive-centric approach called CEO1ST, which seeks to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. Over the last 50 years, Frontenac has built a leading franchise working with over 275 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning. For