Odyssey Investment Partners Sells NSI Industries to Another Private-Equity Firm

NSI Industries, Huntersville, NC, was sold by its owner, Odyssey Investment Partners, New York, to another private-equity firm, Sentinel Capital Partners, New York. Financial terms of the transaction were not disclosed.

Founded in 1975, NSI built an impressive portfolio of well-known electrical brands through acquisitions. These brands include Bridgeport, Polaris, TORK, Lynn and Platinum Tools.
According to Odyssey press release, “Since Odyssey’s initial investment in 2020, NSI has undergone transformational growth. The company, in partnership with Odyssey, significantly strengthened its operations, including through investments in global sourcing, distribution excellence, manufacturing capabilities and enhanced management talent. Furthermore, NSI deepened its relationships with core distributor customers while nearly doubling its customer base, delivering strong revenue growth throughout Odyssey’s ownership. Through eleven strategic acquisitions under Odyssey’s ownership, NSI diversified its product portfolio with key electrical brands and entered the HVAC market.”
“We are proud of what we have accomplished in partnership with the NSI management team,” said Craig Staub, senior managing principal at Odyssey Investment Partners, added in the release. “At the time we acquired NSI, the company was a leading supplier in its markets, but with a narrower addressable opportunity and more limited manufacturing and distribution capabilities. Over the past several years, we worked with the NSI management team to expand the company’s product suite, end market exposure and operational capabilities, ultimately creating a leading platform in the highly attractive electrical and HVAC markets. Moreover, NSI represents another successful investment for Odyssey in the electrical products and services sector, and the company is well positioned to further capitalize on continued electrification tailwinds. We wish the entire NSI team continued success in their new partnership with Sentinel Capital Partners.”
G.R. Schrotenboer, CEO of NSI Industries, was complimentary in his comments about Odyssey in the press release. “Odyssey has been an invaluable partner to NSI over the past several years, supporting our shared vision for growth and innovation. Their commitment and deep sector knowledge enabled us to build out a strong, skilled team, enhance our product portfolio with market-leading brands and become a best-in-class partner of scale to the distribution channel.”