NSi Industries Acquires Bridgeport FittingsAugust 20, 2019
Blue Sea Capital LLC (“Blue Sea”) announced that its portfolio company, NSi Industries (“NSi” or the “Company”), has acquired Bridgeport Fittings, LLC (“Bridgeport Fittings”), a Stratford, CT based supplier of high-performance electrical cable and conduit fittings as well as other related electrical products including bushings, couplings, conduit bodies and solar connectors.
“The acquisition further accelerates our growth as an electrical products company focused on providing innovative, profitable and quality solutions to our distributor partners,” said G.R. Schrotenboer, Chief Executive Officer of NSi. “The Bridgeport product portfolio is highly complementary to our existing electrical offering and together we have the ability to serve all of our markets with a more comprehensive set of solutions.”
“NSi shares our high standards to deliver innovative and reliable products designed with the highest quality to help the electrical industry streamline projects and lower total costs,” said Paul Suzio, President of Bridgeport Fittings. “Our combined strengths and ambition, including unmatched customer service and solutions that help electrical contractors get on and off of the job quickly, safely and cost-effectively, will only benefit our respective customers.”
Andy Boswell, Partner at Blue Sea Capital, commented “We are thrilled to add Bridgeport Fittings to the NSi platform. This is our second acquisition of 2019 and a truly transformative step for both NSi and Bridgeport in their respective long-term growth trajectories. We continue to see enormous market potential for the combined business.”
About Bridgeport Fittings
Bridgeport Fittings (www.bptfittings.com), founded in 1925 and headquartered in Stratford, Connecticut, is a leading supplier of quality cable and conduit fittings to the commercial, industrial and residential channels of the electrical industry. Bridgeport’s core mission is helping electrical contractors streamline projects and achieve lower costs by consistently delivering high-quality products designed for trouble-free performance. With more than 170 patents, Bridgeport Fittings develops new products that redefine how the electrical industry works.
About NSi Industries
NSi (www.nsiindustries.com), headquartered in Huntersville, North Carolina, is a leading supplier of a wide variety of electrical connectors, mechanical and digital time controls, wire management products and other related electrical components for construction, maintenance and repair applications. NSi’s well-known brands include Polaris™ insulated connectors, TORK® time and lighting controls, Platinum Tools® connectors and hand tools and WarriorWrap™ tape. NSi has a 40-year history of providing- innovative, proﬁtable and quality solutions to its distributor partners.
Blue Sea Capital (www.blueseacapital.com) is a private equity firm based in West Palm Beach, Florida, that invests in growth-oriented lower middle market companies with EBITDA of up to $30 million. The firm has $1.4 billion in committed capital and invests across three industry verticals: aerospace & defense, healthcare and industrial growth. Blue Sea Capital’s strategy is to partner with talented leaders 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.