AFC Industries, a portfolio company of Incline Equity Partners, has has completed an acquisition of The Boulder Company, a distributor of industrial components to original equipment manufacturers.

Twin Brook Capital, a subsidiary of Angelo Gordon, served as administrative agent for financing to support the transaction.

Boulder CEO John Bruntz stated, “Boulder and AFC have a shared vision of providing outstanding service to our customers and treating them as partners. There was a cultural fit from the very beginning, and we believe partnering with AFC will provide lasting benefits to the customers and employees of Boulder.”

BCC Advisers, a Des Moines, IA-based investment banking firm, advised Boulder on the transaction.