SFS extends market presence in the commercial construction industry in the Midwest US

Media release – October 31, 2024

The SFS Group will acquire Pro Fastening Systems Inc. as of November 1, 2024. The company generated sales of approximately USD 30 million in 2023 in the commercial and industrial construction industries. This acquisition enables SFS to further expand its market presence in the Midwestern United States, an attractive growth region in North America.

Pro Fastening Systems Inc. (PFS) is an established specialist distributor of fasteners and sealants for the commercial and industrial construction industries. With four locations in Arlington (Illinois), Chicago (Illinois), Milwaukee (Wisconsin), and Indianapolis (Indiana), PFS generated sales of approximately USD 30 million in 2023. The company was founded in 1980 and currently has around 40 employees.

In organizational terms, the business will be incorporated into the Triangle Fastener Corporation (TFC) in the Fastening Systems segment. Through TFC, SFS already serves the North American construction industry at 27 locations. The business models and customer segments of PFS and TFC have a great deal of common ground. This will enable TFC to access the strengths and experience of the existing team and, through the acquisition, enhance its market presence in the Midwestern United States. This region is considered an attractive and growing market in the North American construction industry.

The local PFS sites will be retained, and all employees kept on. The business will continue to be managed by the existing management team.