Long-Lok Fasteners Corporation
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Long-Lok Fasteners Corporation - overview
Established
1957
Location
Cincinnati, OH, US
Primary Industry
Aerospace
About
Long-Lok Fasteners Corporation manufactures innovative self-locking and self-sealing fasteners, serving the aerospace and defense sectors with reliable engineered solutions aimed at addressing complex fastening challenges. Founded in 1957, Long-Lok Fasteners Corporation is based in Cincinnati, US. The company specializes in engineered fasteners and operates under trademarks such as Long-Lok®, Poly-Lok®, and Dyna-Thred®. In December 2019, Long-Lok was acquired by Novaria Holdings LLC, a portfolio company of KKR.
The company has completed one funding round, with the most recent deal occurring on December 11, 2019. Long-Lok specializes in the manufacture of self-locking and self-sealing fasteners, along with other engineered fastener solutions like inserts. The company's core offerings are designed to address fastening challenges in high-stress environments, particularly within the aerospace and defense sectors. Long-Lok's customer base includes original equipment manufacturers (OEMs) and distributors operating across North America, Europe, and Asia-Pacific, ensuring optimum performance and sustainability.
Long-Lok operates under a B2B model, supplying fasteners directly to OEMs and distributors. Revenue is generated through contracts involving manufacturing and stocking of customized turned-part line items. Key products include Dri-Loc® and Vibra-Seal®, which cater to the specific fastening needs in high-performance applications, with transactions structured on a pricing framework based on volume and contractual agreements. Long-Lok Fasteners Corporation aims to innovate its product lineup with new fasteners designed for specific applications in aerospace and defense, with anticipated launches in the coming year.
The company plans to expand its market presence into Asia-Pacific regions by 2025, focusing on increasing its distribution networks. The acquisition by Novaria Holdings LLC will support these initiatives by providing additional resources for development and market penetration.
Current Investors
Novaria Holdings, LLC
Primary Industry
Aerospace
Sub Industries
Aerospace, Industrial Machinery
Website
www.longlok.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Long-Lok Fasteners Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Long-Lok Fasteners Corporation | - |
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