Leonard Green & Partners has acquired Nefco, a distributor of construction tools and safety products, from Bertram Capital. The seller was Bertram Capital. No financial terms were disclosed. Nefco, based in Hartford, Connecticut, operates more than 70 locations across the U.S. and is led by president and CEO Matt Gelles. This move adds a well-established industrial distributor to LGP's portfolio.

Bertram invested in Nefco in August 2022, holding the company for roughly two years before this sale. Private equity firms often use such short holding periods to drive operational improvements and then seek profitable exits. For Nefco, the change in ownership could mean fresh capital for expansion. The construction sector remains active, fueling demand for specialized tool distributors.

LGP, known for its investments in consumer and industrial companies, now gains a foothold in the construction distribution market. Nefco's extensive network across the United States provides a solid platform for growth. Bertram's quick turnaround suggests strong performance during its ownership. Investors will watch for LGP's next moves: will it push for geographic expansion or focus on integrating new product lines? The deal underscores the ongoing consolidation in the industrial distribution space.