Latest / The Acquisition Talk with Fexingo: Mergers, Buyouts, and Business Sales for Operators
How a Tiny Credit Union Outbid the Banks for a Billion-Dollar Company
When Southeast Hardware Supply, a 112-year-old family-owned distributor in Atlanta, went up for sale in late 2025, every major bank and private equity firm assumed it would go to a deep-pocketed strategic buyer. Instead, a 62-employee credit union in rural Mississippi submitted the winning bid — $1.7 billion in cash, financed entirely through a little-known provision in the Federal Credit Union Act. In this episode, Lucas and Luna unpack how Gulf Coast Federal Credit Union structured the deal, why the NCUA signed off on it, and what it means for the future of middle-market M&A. They walk…
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