August 5, 2019
BOSTON, MA -- Dunn Rush & Co. LLC is pleased to announce the recent closing of the sale of Bridgeport Fittings, Inc. (“Bridgeport”) to NSI Industries, LLC (“NSI”). Dunn Rush & Co. served as financial advisor to Bridgeport in the transaction.
Bridgeport (www.bptfittings.com) is a leading supplier of quality cable and conduit fittings to the industrial, commercial and residential channels of the electrical industry. With a well-known brand name and more than 170 patents, Bridgeport is committed to helping the industry streamline projects and achieve lower costs by consistently delivering high-quality products designed for trouble-free performance. Bridgeport Fittings was founded in 1925 and is based in Stratford, Connecticut.
NSI (www.nsiindustries.com) is a leading provider of electrical products covering over 25 product categories, addressing all the needs of electrical contractors and their customers. NSI’s has many innovative and respected products and brands including: TORK® mechanical and digital time switches, photocontrols and occupancy sensors; WarriorWrap™ electrical tapes; and Polaris®, the original insulated connector. 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 helping them find new ways to be successful. NSI is headquartered in Huntersville, North Carolina.
Dunn Rush & Co. LLC was founded in 2009 to provide high quality merger and acquisition advisory services to middle market companies valued between $20 million and $250 million. Dunn Rush & Co. LLC has significant expertise in the following industry sectors: Business Services; Consumer; Defense & Security; Healthy Living; Instrumentation; Manufacturing & Distribution; Medical Technology & Services; and Technology, Software & Data Services. The Firm is a registered Broker-Dealer and is headquartered at 225 Franklin Street, Boston MA 02110. For further information, please visit our website at www.dunnrush.com or contact us at 617-451-0001.
I’ve known the principals of Dunn Rush & Co. for a number of years and have had the opportunity to work with them in many different capacities. They’re true professionals, with deep experience in a wide range of transactions, across several industries. They are good people, and I have always enjoyed working with them. You can trust them to provide top-quality advice no matter what your situation or circumstances.
Mark Bono, Founder, Guide Capital Partners
The Dunn Rush team skillfully guided us through the sale process resulting in our achieving maximum value for our division, Moeller Marine Products. They ran their 2 stage competitive sale process which resulted in us receiving multiple initial offers which were then winnowed down to the top few interested buyers. We met with those buyers and supplied additional information and Dunn Rush then had those buyers compete against one another which resulted in our achieving very favorable terms and an outstanding valuation.
Dana Barlow, CEO of The Moore Company, and its former subsidiary Moeller Marine Products
When I decided to sell my third generation, family business, I had many concerns. I wanted to be represented by an Investment Bank who had a strong reputation in the mergers and acquisition market, knew the market we participated in well enough to target likely interested parties, and who would manage the process of the transaction with various family members with various personal interests.
Betsy Alden, Former CEO and Owner, Alden Products