Blue Point Stays Local with Acquisition of NSA
May 21 2024 - 6:00AM
Business Wire
The firm builds on nearly two decades of safety
sector experience with latest local, family-owned partnership
Blue Point Capital Partners is pleased to announce the
recapitalization of National Safety Apparel (NSA), a leading
Cleveland-based manufacturer of branded, high-performance personal
protective equipment (PPE) and safety products for electrical,
industrial and service applications. With a strong focus on the
utility and electrical services sector, the company has a long
history of providing equipment and apparel that comply with the
most rigorous technical safety standards.
Throughout its nearly 90 years in operation, NSA has forged a
legacy characterized by high-quality products, exceptional customer
service and strong brands. Backed by extensive customer
relationships, the NSA team is committed to manufacturing
innovative, standard and custom products that emphasize safety,
functionality and comfort as the utmost priorities in the
high-risk, critical-use environments served.
“Blue Point’s experience in our industry and alignment with our
culture made them the right choice for NSA as we explore new
avenues for expansion in the safety products market,” said
fourth-generation NSA Owner and CEO Chuck Grossman, who will remain
in his leadership role. “Together, we will continue to scale the
business while staying true to NSA’s mission — to ensure the
protection of workers and help them return home safely every
day.”
NSA’s double-digit annual growth for over a decade has
established it as a leader in the landscape with the depth,
resources and vision for continued success. With Blue Point’s
support, the company will continue to drive organic growth with new
product introductions, geographic expansion and strategic
M&A.
“This partnership is a continuation of Blue Point’s history of
partnering with local, family-owned businesses,” said Blue Point
Partner Jonathan Pressnell. “NSA’s impressive performance and
customer loyalty demonstrate their exceptional market position and
quality products. The company is an excellent fit with Blue Point’s
manufacturing and safety sector investing experience. Looking
ahead, we plan to provide capital and operational resources to
assist management in accelerating growth and driving efficiency,
building on the impressive track record already established by the
NSA team.”
NSA is actively seeking complementary partnerships with
like-minded founders and owners of safety products businesses.
Business owners interested in learning more may contact Blue Point
Managing Director, Business Development Megan Kneipp at
mkneipp@bluepointcapital.com.
National Safety Apparel (NSA), established in 1935, is a market
leader in flame-resistant clothing (FRC), electrical PPE and
products, thermal & industrial PPE, workwear and uniforms. The
majority of NSA’s products (DRIFIRE®, Enespro®, and Wild Things®,
and others) are made in the USA, reflecting a commitment to quality
and flexibility that distribution partners and end users have
trusted for decades. For more information, visit
www.thinknsa.com.
Blue Point Capital Partners is a private equity firm actively
managing over $1.8 billion in committed capital. With resources in
Cleveland, Charlotte, Seattle and Shanghai, Blue Point’s
geographical footprint allows it to establish relationships with
local and regional entrepreneurs and advisors while providing the
perspectives and resources of a global organization. Blue Point has
over a two-decade history of partnering with lower middle-market
businesses to build processes and capabilities to achieve growth.
Blue Point’s portfolio is supported by its unique capabilities —
which include an integrative team focused on innovative global
supply chain, data and digital and human capital strategies — as
well as its extensive experience, network of industry resources and
focused M&A efforts. Blue Point typically invests in businesses
that generate between $30 million and $300 million in revenue.
Note: Certain statements about Blue Point Capital Partners made
by portfolio company executives herein are intended to illustrate
Blue Point Capital Partners’ business relationship with such
persons, including with respect to Blue Point Capital Partners’
facilities as a business partner, rather than Blue Point Capital
Partners’ capabilities or expertise with respect to investment
advisory services. Portfolio company executives were not
compensated in connection with their participation, although they
generally receive compensation and investment opportunities in
connection with their portfolio company roles, and in certain cases
are also owners of portfolio company securities and/or investors in
Blue Point Capital Partners-sponsored vehicles.
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version on businesswire.com: https://www.businesswire.com/news/home/20240521724033/en/
Blue Point Capital Partners Megan
Kneipp Managing Director, Business Development
mkneipp@bluepointcapital.com
Johnathan Pressnell Partner jpressnell@bluepointcapital.com
MiddleM Creative (Media Inquiries)
Jan Morris Vice President jan@middlemcreative.com