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Tecum Capital Announces Investment in Bolts & Nuts Corporation

Pittsburgh, Pennsylvania – Tecum Capital Partners (“Tecum”) is pleased to announce a new subordinated debt and equity investment in Bolts & Nuts Corporation (“B&N” or the “Company”) to support the acquisition of Challenger Component Services (“Challenger”). Tecum has partnered with existing management and Nebraska Heavy Industries (“NHI”) of Lincoln, NE on this transaction, which marks the second time Tecum has provided capital to B&N. Tecum originally invested in the company back in December 2013 and recognized a successful full realization in March 2017.

Founded in 1979 and based in Chattanooga, TN, B&N is a leading full-service distributor of commercial and construction bolts, fasteners, and MRO supplies. The Company has experienced teams in Chattanooga, TN, Lincoln, NE, Louisville, KY, Burr Ridge, IL, Macon, GA, and Hayward, CA, all serving a diverse national customer base in over 40 states.

The Company’s acquisition, Challenger, was founded in 2003 in Nashville, TN. Challenger is a value-added distributor of custom, application-specific precision engineered parts including cold formed/multi-operation parts, fasteners, machined components, rubber molded products, castings, and more. Over the past 14 years, Challenger has cultivated a best-in-class global supply base comprised of domestic and international manufacturers.

“We are thrilled to partner again with our old friends at NHI and B&N, as well as our new friends at Challenger. Our past experiences with these individuals give us great confidence that B&N will continue its growth trajectory by successfully integrating the Challenger business,” noted Stephen Gurgovits, Jr., Tecum founder and managing partner.

About Tecum Capital

Tecum Capital is a Pittsburgh-based private investment firm with over $450 million of committed capital under management providing mezzanine debt, subordinated notes and private equity for middle market businesses. Tecum has invested more than $250 million in over 50 companies over the past 10 years throughout the Midwest, Mid-Atlantic, and Southeast. Tecum generally invests amounts ranging from $5 million to $15 million to support business owners and financial sponsors in growth financings, full and partial recapitalizations, generational transitions, and buyouts. For more information, please visit

About Nebraska Heavy Industries

NHI is an investment and management firm of operating professionals that seeks to purchase controlling interests in undervalued situations. Through operating and structuring know-how, they aim to generate greater shareholder value by re-structuring and re-aligning operating entities in order to achieve maximum operating efficiencies and profitability for long-term value creation.