Bolts & Nuts is a value-added partner to OEMs of fasteners, C-parts, and MRO components, with facilities in Tennessee, Illinois, North Carolina, and Georgia, and with
plans to open a new facility in early 2015 in Nebraska. The company’s executive
chairman, Dave Hadani, says Bolts & Nuts is one to watch because of the aggressive
approach it has taken to expansion: first throughout the Southeast, and now with a
push into the Midwest by adding at least one (perhaps more) new facilities per year over the next five years.
“Furthermore, we have been investing significant resources in technology, as well as have significant capital from our investment sponsor, a major investment firm out of Nebraska, to pursue further acquisitions. We have a number in the pipeline that,
when closed, will result in tripling our growth, and exceeding $100 million in revenues,” says Hadani.
But it’s not all about dollars for Bolts & Nuts. According to Hadani, the company initiated in 2014 a major Community Cares
initiative to participate, contribute, and lead in the communities in which it operates “so that we represent ourselves, our team,
and our core values to community as one of our four key stakeholders.” Also, Bolts & Nuts hangs its hat on the fact that it did not
reduce headcount during the recession. Hadani feels it’s been worth it, and that the company has recovered faster from the recession than the rest of the industry. Part of it he owes to a unique VMI program, designed to be customized and personalized to the
needs of each customer. The results? “We have sustained significant growth over the past few years.”
Wisconsin Industrial Supply Co.
Located in Franksville, WI, Wisconsin Industrial Supply Co. looks
forward to marking its 30 year anniversary in September, but
that’s not all this distributor of cutting tools has to celebrate.
Over the past few years, a partnership agreement with the WIDIA
Corporation (part of the Kennametal Group) has resulted in benefits from financial rebates all the way from marketing to shared
testing cost and building inventory credits. The addition of some
of WIDIA’s innovative products to its line has meant Wisconsin
Industrial Supply can offer customers highly valuable products
bolstered by its own service offering. The distributor is one of the
few cutting tool houses in the U.S. that has invested in a full-blown grinding facility for the proper maintenance of production
grade cutting tools.
“We believe our greatest asset is the idea that we do not just
sell products, but we provide value to our customer,” explains
owner and president George Yust III. “If we cannot be successful
in accomplishing this objective, then we do not invoice, or will
credit them for, their previous sale.” Another point of pride for
Wisconsin Industrial Supply is its hiring and training process. The
company typically hires staff from the general workforce and then
spends a significant amount of time and resources on training.
The results have been a highly-skilled workforce and great reten-
tion. This long-term, educated staff keeps customers satisfied: “We
work closely with (the customers) to improve their challenging
application by using the best possible tooling available or improve
Finally, a succession plan is brewing, as George Yust IV is
groomed to take over a business that’s thriving and “in the best
position for growth that any small business could hope for,” says
Yust III. Additionally, the company grew its customer base by 15
percent in 2014 and is looking to add even more customers in
2015. “The small distributor is not dead,” he says, “they are only
in the process of a metamorphosis.”