LindFast Solutions Group announces Bill Niketas as its new Chief Executive Officer. Mr. Niketas previously served as Executive Chairman of LindFast Solutions Group.
LindFast is a master distributor of specialty fasteners in the North American market serving a broad base of national, regional, and local distribution customers through its metric (Lindstrom) and imperial (Stelfast) product brands. As a master distributor, LindFast provides an important link in the fastener supply chain by offering a deep inventory as a “virtual warehouse” of approximately 130,000 low volume, slow moving SKUs that distribution customers need quickly but are non-economical to inventory and source themselves.
Mr. Niketas has previous experience as Chief Executive Officer of Aggregates USA, LLC where, under his leadership, the company tripled its EBITDA and ultimately sold to Vulcan Materials for $900 million, and President and Chief Executive Officer of Ram Tool and Supply Company, a large distributor of fasteners, tools, and other related products serving the construction sector where he led the company to dramatic growth in revenues and profitability.
Mr. Niketas also has prior experience as a Managing Director at Altec Industries, Inc., Senior Consultant at Accenture Consulting, and as an Apache helicopter pilot in the U.S. Army. Mr. Niketas earned a B.S. in Mechanical Engineering from the United States Military Academy (1989) and an MBA from Harvard Business School (1997).
Mr. Niketas succeeds Neil Yeargin who successfully led the Company through the acquisition of Stelfast Inc. in 2018 and the sale of the Company to Nautic Partners in 2019.“Bill has a strong track record of growing businesses, enhancing performance, taking care of employees, and maximizing shareholder value. We are excited for Bill and his entire team to continue to build on the incredible success of the Company. We also thank Neil for his strong leadership during his time as CEO.” added Nautic Partners Managing Director Chris Pierce"I am very honored to be taking on this new role with LindFast," said Mr. Niketas. "As Executive Chairman, I have seen LindFast’s relentless commitment to customers, unparalleled product offering, and superb employees continue to set it apart from the competition. We are also very appreciative of Neil’s leadership of the Company"
As part of the transition, Ben Buchanan will also be joining the Company as Chief Financial Officer. Mr. Buchanan previously served as Chief Financial Officer of US Greenfiber LLC. He also has prior experience as Vice President of Finance and Strategy of Aggregates USA, LLC, Director of Analytics at Express Oil Change, and Analyst at Founders Investment Bank. Mr. Buchanan earned a B.S. in Economics from Samford University and an MBA from the University of Kentucky.Mr. Buchanan succeeds Tom O’Brien who was instrumental in the acquisition of Stelfast Inc. in 2018 and the sale of the Company to Nautic Partners in 2019.