Sentinel Capital Partners has agreed to sell NSI Industries to Hubbell
NSI Industries
NSI Industries is a leading manufacturer and supplier of over 15,000 branded electrical products that are sold to over 2,000 distributors in North America. NSI Industries is made up of a portfolio of well-respected brands, including Bridgeport fittings, Polaris connectors and Tork timers. NSI Industries is headquartered in Huntersville, North Carolina. For additional information, please visit nsiindustries.com.
The Deal
Sentinel Capital Partners began its partnership with NSI Industries in 2024. Through several operational initiatives, including the strategic divestiture of its HVAC business unit and meaningful investment in expanding the core portfolio of electrical products, NSI positioned itself for long-term growth. Following these achievements, Lincoln advised Sentinel and NSI on selecting the right partner for NSI’s next phase of growth. The cash purchase price of $3.0 billion represents 15.5x NSI Industries’ 2026 estimated adjusted EBITDA.
Our Perspective
Bobby Reifman, Lincoln International Managing Director who led the transaction, commented, “We were proud to serve as Sentinel Capital Partners and NSI Industries’ advisor on this milestone transaction. Hubbell is an excellent new partner for NSI Industries, and we look forward to seeing their success together as they continue to invest behind the powerful electrification trends shaping the industry.”
Sean Bennis, Lincoln International Managing Director, commented, “It was a privilege to partner with Sentinel Capital Partners and the entire NSI Industries management team. NSI Industries stands out as an industry leader in the electrical products space, and its performance has been exceptional.”
Sentinel Capital Partners
Sentinel is a leading middle market private equity firm. Working collaboratively with portfolio companies, Sentinel offers operational resources and strategic advice that help its management teams solve challenges, capitalize on opportunities and build stronger, more valuable businesses. Sentinel also provides junior capital solutions as a minority investor. Sentinel focuses on niche markets across the business services, consumer, healthcare services and industrial sectors. Since its inception in 1995, Sentinel has raised more than $11.2 billion of capital. For additional information, please visit sentinelpartners.com.
We greatly appreciate the hard work, dedication and expertise that Lincoln brought throughout the process. Their deep knowledge of the electrical products industry and access to the right set of high-quality potential acquirers enabled a highly competitive process that led to a fantastic outcome.
Meet our Senior Team
There is nothing more satisfying than completing a deal and seeing the true advisory value we brought to the situation, and the excitement of the client.
Robert Reifman
Managing Director & Co-Head of Industrials
Chicago
I am a rigorous advocate for my clients with a hands-on, communicative approach, focused on delivering intense advocacy and outlier results.
Sean Bennis
Managing Director & Global Head of Industrials
Chicago
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Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.