RYE, N.Y., Nov. 2, 2015 /PRNewswire/ — Industrial Group Holdings, LLC, a portfolio company of Dunes Point Capital, LLC has acquired Standard Locknut, LLC (“Standard”). Standard is a leading manufacturer of bearing accessories used in OEM and replacement applications, including locknuts, lock washers, sleeves, and pillow blocks.

About Dunes Point Capital, LLC (“DPC”): Founded in 2013, DPC is a family office and private investment firm, pursuing control investments in companies operating in the general industrial and energy sectors. DPC targets companies with enterprise values of up to $500 million. For more information, please visit www.dunespointcapital.com.

About Standard Locknut, LLC (“Standard”): Founded in 1949, Standard is a leading manufacturer of bearing accessories that serves a variety of end markets including bearing, heavy construction, paper, mining, oil field, energy, and automotive. Standard is located in Westfield, IN. For more information, please visit www.stdlocknut.com.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/dunes-point-capital-llc-announces-the-acquisition-of-standard-locknut-llc-300169998.html

SOURCE Dunes Point Capital, LLC