Press release

Harris Williams Advises NSi Industries, LLC on its Sale to Odyssey Investment Partners, LLC

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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: 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.

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