M&A Deal Summary

Sentinel Capital Partners Acquires NSi Industries

On November 18, 2024, private equity firm Sentinel Capital Partners acquired electrical equipment company NSi Industries from Odyssey Investment Partners and HarbourVest Partners

Acquisition Highlights
  • This is Sentinel Capital Partners’ 6th transaction in the Electrical Equipment sector.
  • This is Sentinel Capital Partners’ 89th transaction in the United States.
  • This is Sentinel Capital Partners’ 2nd transaction in North Carolina.

M&A Deal Summary

Date 2024-11-18
Target NSi Industries
Sector Electrical Equipment
Buyer(s) Sentinel Capital Partners
Sellers(s) Odyssey Investment Partners
HarbourVest Partners
Deal Type Secondary Buyout

Target

NSi Industries

Huntersville, North Carolina, United States
NSi Industries is a provider of a wide variety of electrical connectors including insulated connectors and mechanical, digital time controls, time switches, wire management products, and related electrical components for construction, maintenance, and repair applications. NSi Industries was established in 1975 and is based in Huntersville, North Carolina.

Search 200,577 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 96 of 96
Sector (Electrical Equipment) 6 of 6
Type (Secondary Buyout) 36 of 36
State (North Carolina) 2 of 2
Country (United States) 89 of 89
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 Carrier - Industrial Fire Business

Palm Beach Gardens, Florida, United States

Carrier's Industrial Fire business is a fire detection and suppression solution for high-hazard applications across verticals such as critical infrastructure, oil and gas, marine, and clean energy. Carrier's Industrial Fire business is based in Palm Beach Gardens, Florida.

Buy $1.4B

Seller(S) 2

SELLER

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.


DEAL STATS #
Overall 35 of 35
Sector (Electrical Equipment) 1 of 1
Type (Secondary Buyout) 20 of 20
State (North Carolina) 3 of 3
Country (United States) 34 of 34
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-12 Testek Solutions

Wixom, Michigan, United States

Testek Solutions designs, manufactures, and supports highly reliable aerospace and defense test equipment and testing facilities for OEMs, MROs, and operators. Testek Solutions was founded in 1969 and is based in Wixom, Michigan.

Sell -
SELLER

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 86.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 133 of 133
Sector (Electrical Equipment) 2 of 2
Type (Secondary Buyout) 35 of 35
State (North Carolina) 4 of 4
Country (United States) 84 of 84
Year (2024) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-24 Nonni s

Tulsa, Oklahoma, United States

Nonni's is a manufacturer and marketer of artisanal cookies and other premium baked snacks. Nonni’s premium products are synonymous with artisanal, authentic, and Italian-inspired. Products are marketed under the Nonni’s, THINaddictives, and La Dolce Vita brand names, and sold through a diverse distribution platform that includes major customers in club, grocery, mass market, foodservice, and online retailing. Nonni's was founded in 1988 and is based in Tulsa, Oklahoma.

Sell -