Harris Williams Advises NSi Industries, LLC on its Sale to Odyssey Investment Partners, LLC
March 02 2020 - 5:44PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it advised NSi
Industries, LLC (NSi), a portfolio company of Blue Sea Capital, on
its sale to Odyssey Investment Partners, LLC. NSi is a leading
provider of branded electrical products, components and tools. The
transaction was led by John Arendale, Tim Webb, Brandt Carr and Dan
Savage of the Harris Williams Industrials Group.
“Together with Blue Sea Capital, the NSi team has built a truly
impressive platform, transforming the business into a market leader
and go-to supplier for the largest distributors in North America,”
said John Arendale, a managing director at Harris Williams. “The
sale of NSi represents another marquee transaction for Harris
Williams and strengthens our track record of exceptional results in
the highly engineered components space.”
“We are honored to have worked with Blue Sea Capital and the NSi
team on this transaction, and we wish NSi continued success as they
embark on their next chapter,” said Brandt Carr, a vice president
at Harris Williams. “We see a bright future for NSi and believe
they are poised to achieve even greater success with their new
partners.”
NSi is a leading provider of branded electrical products,
components and tools, covering over 20 product categories to
address the needs of electrical contractors and their customers.
NSi has many innovative and respected products and brands,
including the following: Polaris®, the original insulated
connector; Bridgeport fittings and accessories; WarriorWrap™
electrical tapes; and TORK® mechanical and digital time switches,
photocontrols and occupancy sensors. Providing over 40 years of
innovative, profitable and quality solutions to its distributor
partners, NSi’s sustained level of success is attributable to a
constant focus on its distributor partnerships and a commitment to
helping them find new sources of success.
Blue Sea Capital is a private equity firm based in West Palm
Beach, Florida that invests in growth-oriented lower-middle market
companies valued up to $200 million. The firm has over $500 million
in assets under management and invests across three industry
verticals: aerospace and defense, healthcare, and industrial
growth. Blue Sea Capital’s strategy is to partner with talented
managers and differentiated companies, typically as the first or
second institutional investor, and deliver strategic and
operational value-add that drives growth acceleration, industry
outperformance and business transformation.
Odyssey Investment Partners, LLC, with offices in New York and
Los Angeles, is a leading middle market private equity firm with
more than $5 billion under management. Odyssey Investment Partners,
LLC primarily makes majority, controlled investments typically in
established middle market companies in a variety of industries.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Industrials Group has experience across a
variety of sectors, including advanced manufacturing; smart cities;
building products; chemicals and specialty materials; environmental
industrial technology; and packaging. For more information on the
firm’s Industrials Group and other recent transactions, visit the
Industrials Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
For media inquiries, please contact Katie Langemeier, associate
brand manager, at +1 (804) 648-0072.
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version on businesswire.com: https://www.businesswire.com/news/home/20200302006026/en/
Katie Langemeier, associate brand manager, +1 (804) 648-0072
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