About Fastenal
Fastenal is a company based in Winona (United States) founded in 1967.. The company has 23,700 employees as of December 31, 2024. Fastenal has completed 3 acquisitions, including GoBolts, Manufacturers Supplies Company and Spensall. Fastenal operates in a competitive market with competitors including Grainger, Milwaukee Tool, CPO Outlets, Johnstone Supply and McMaster-Carr, among others.
- Headquarter Winona, United States
- Employees 23700 as on 31 Dec, 2024
- Stage Public
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Sectors
Industrial Goods & ManufacturingRetail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fastenal Company
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Annual Revenue
$7.55 B2.71as on Dec 31, 2024
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Net Profit
$1.15 B-0.38as on Dec 31, 2024
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EBITDA
$1.69 B-1.21as on Dec 31, 2024
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Latest Funding Round
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Investors
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Employee Count
23700
as on Dec 31, 2024
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Investments & Acquisitions
GoBolts
& 2 more
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IPO & Listings of Fastenal
Fastenal is a publicly listed company on the NASDAQ with ticker symbol FAST in USA, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Sales and Marketing
102 people
General Team
79 people
Software Development Team
69 people
Account Team
42 people
Machinist Team
24 people
Leadership Team
22 people
Product Management Team
20 people
Finance and Accounting
20 people
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Funding Insights of Fastenal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Fastenal
Fastenal has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include GoBolts, Manufacturers Supplies Company and Spensall. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Distributes fastener and industrial supply products
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1961 | ||||
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Precision machined components are manufactured for various applications.
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1917 | ||||
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Provider of precision cutting & converting technologies
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1907 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Fastenal
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fastenal Comparisons
Competitors of Fastenal
Fastenal operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Grainger, Milwaukee Tool, CPO Outlets, Johnstone Supply and McMaster-Carr, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Industrial tools and machines are distributed online by Grainger.
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| domain | founded_year | HQ Location |
Industrial tools are distributed online by Milwaukee Tool.
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| domain | founded_year | HQ Location |
New and reconditioned home improvement tools are sold online.
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| domain | founded_year | HQ Location |
E-distribution platform offering products for industries
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| domain | founded_year | HQ Location |
Industrial tools and supplies are distributed by McMaster-Carr.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fastenal
Frequently Asked Questions about Fastenal
When was Fastenal founded?
Fastenal was founded in 1967.
Where is Fastenal located?
Fastenal is headquartered in Winona, United States. It is registered at Winona, Minnesota, United States.
How many employees does Fastenal have?
As of Dec 31, 2024, the latest employee count at Fastenal is 23,700.
What is the annual revenue of Fastenal?
Annual revenue of Fastenal is $7.55B as on Dec 31, 2024.
What does Fastenal do?
Fastenal was founded in 1967 in Winona, United States, and operates as an e-distributor in the industrial sector. A wide range of products, including fasteners, safety supplies, plumbing items, HVAC and refrigeration components, abrasives, material handling tools, and lifting equipment, is offered through its online catalog. Maintenance, repair, and operations solutions are provided to corporations, enterprises, and other consumers across the United States and beyond.
Who are the top competitors of Fastenal?
Fastenal's top competitors include Grainger, Johnstone Supply and Milwaukee Tool.
Is Fastenal publicly traded?
Yes, Fastenal is publicly traded on NASDAQ under the ticker symbol FAST.
How many acquisitions has Fastenal made?
Fastenal has made 3 acquisitions, including GoBolts, Manufacturers Supplies Company, and Spensall.
What is Fastenal's ticker symbol?
The ticker symbol of Fastenal is FAST on NASDAQ.
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