US Anchors, an anchor and fastener manufacturer based in the US, has been acquired by private investment firm Kinderhook Partners. (Garfield family)
US Anchors is the parent company for the TOGGLER®, Wej-It® and Heckmann® brands and is one of the US manufacturers that produces most of its anchors and custom products domestically.
TOGGLER is a consumer-facing brand that specialises in manufacturing light-to-medium duty fasteners and hollow wall solutions, while the Wej-It brand manufactures medium-to-heavy duty products that compete in the mechanical anchor, adhesive anchor, and screw anchor categories.
The Heckmann brand manufactures and distributes specialty masonry anchors and wall systems directly to masonry contractors.
Financial terms of the transaction were not disclosed.
After the acquisition, Jordan Eisenberg will become US Anchors’ CEO and will collaborate with US Anchors’ founder, the Garfield Family, to “drive the company’s continued success”.
Moreover, the Garfield Family will retain an ownership stake in US Anchors. US Anchors’ former President and CEO Ted Garfield will join the Company’s Board of Directors.
“I am excited to work with Kinderhook as we take US Anchors into its next phase of growth with a focus on maximising the potential of all USA brands. I have been very impressed with the Company’s significant achievements thus far and look forward to building on that momentum through both organic growth and strategic acquisitions,” said Eisenberg.
