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Feb 2020

Audax Private Debt Provides Financing to Support Odyssey Investment Partners’ Investment in NSi Industries

Audax Private Debt announced that, as Joint Lead Arranger and Bookrunner, it provided a unitranche credit facility to support the acquisition of NSi Industries (“NSi” or the “Company”) by Odyssey Investment Partners, LLC (“Odyssey”), a private equity investment firm with offices in New York and Los Angeles.

NSi Industries is a supplier of a wide variety of electrical connector, fitting, control and wire management products for construction, maintenance, and repair applications. NSi’s well-known brands include Polaris™ insulated connectors, Bridgeport Fittings, TORK® time and lighting controls and Platinum Tools® connectors & tools. The Company sells 7,500+ SKUs to end customers through industrial distributors, retail, and e-commerce channels. NSi is headquartered in Huntersville, North Carolina, with additional facilities in Stratford, Connecticut and Newbury Park, California.

“Audax Private Debt is pleased to partner with Odyssey in their acquisition of NSi,” said Steve Ruby, Managing Director at Audax Private Debt. “We look forward to working with Odyssey and the NSi team to support the continued growth of the company.”

“Audax Private Debt was a great partner for Odyssey Investment Partners on this transaction,” said Jason Cowett, Managing Principal at Odyssey Investment Partners. “They understood our financing needs and operated with professionalism. Both Odyssey and NSi management look forward to Audax supporting the Company’s future growth.”

ABOUT NSI INDUSTRIES
NSi is a supplier of a wide variety of electrical connector, fitting, control and wire management products for construction, maintenance, and repair applications. NSi's well-known brands include Polaris™ insulated connectors, Bridgeport Fittings, TORK® time and lighting controls and Platinum Tools® connectors & tools. NSi has a 40-year history of providing innovative, profitable, and quality solutions to its distributor partners with an unparalleled customer-centric approach. NSi is headquartered in Huntersville, North Carolina, with additional facilities in Stratford, Connecticut and Newbury Park, California. To learn more, please visit nsiindustries.com.

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