LindFast Solutions Group (“LSG”) is pleased to announce that it has completed the acquisition of Merco Tapes (“Merco”) on May 10, 2024.
LSG – a portfolio company of Nautic Partners – is a leading master distributor of specialty fasteners in the North American market and is an important supply chain partner and value-added sourcing solution to a broad base of distributor customers. For more information, please visit www.lindfastgrp.com.
Merco is a long-standing master distributor of tape and related accessories. Merco specializes in and offers all varieties of adhesive tape including Merco Tape® brand, national and international brands, generic blank core and custom private label products. Merco also carries duct tapes, electrical tapes, masking tapes as well as specialty tapes for extreme and critical applications within aerospace, defense, medicine, the sciences and more.
Bill Niketas, LSG CEO, said, “the acquisition of Merco tapes is our first acquisition into an adjacent product category for LSG. We believe the combination of LSG and Merco will allow both businesses to grow faster together through cross sell initiatives.”
Chris Pierce, a Managing Director of Nautic, said, “the combination of LSG and Merco should allow both businesses to offer an expanded product and service set to its combined customer base which we believe will translate into growth potential for both businesses.”
Fielding Jenks, a Senior Vice President of Nautic, said, “Merco represents the 5th acquisition under our hold. Similar to other LSG add-on acquisitions, we are excited to enhance LSG’s growth potential with another strategic acquisition.”
Nautic Partners acquired LSG in 2019 in partnership with management.