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Sold a manufacturer of precision machined bearing components to a competitor owned by a family office.

 

Cleary Gull Inc. advises Standard Locknut, LLC in its sale to Industrial Group Holdings, LLC

Cleary Gull Inc. is pleased to announce the sale of Standard Locknut, LLC, a portfolio company of Capital For Business and Centerfield Capital Partners, to Industrial Group Holdings, LLC, a portfolio company of Dunes Point Capital, LLC.

Founded in 1949 and located in Westfield, Indiana, Standard Locknut (www.stdlocknut.com) is a leading manufacturer of precision machined bearing accessories used in OEM and replacement applications, including locknuts, lock washers, sleeves, and pillow blocks. Standard serves a variety of end markets including bearing, capital equipment, heavy construction, paper, mining, oil field, energy, aerospace, and automotive.


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