August 5, 2019
Transaction Announcement
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 dunnrush.com or contact us at 617-451-0001.
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What Clients Are Saying About Dunn Rush
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.
I had never sold a business before and didn’t realize everything that went into it, or the time involved. One of my best decisions was hiring professionals, Dunn Rush & Co., to guide us through the sale process. Their experience, determination and guidance resulted in a very smooth and efficient transaction. They were especially helpful during the negotiations over price. We achieved optimal results for all constituents: our shareholders, employees and customers.
I have seen the Dunn Rush team perform in several sell-side situations. You want them on your team! Their preparation and attention to detail is impressive. They are also real good people to have by your side during a stressful time. In the case of Bridgeport Fittings, Kevin and Greg introduced us to their Gold Standard of Preparation and we took their advice getting audited financial statements and a Quality of Earnings report. This preparation made the due diligence process go smoothly, helped the firm proactively address issues and greatly improved the due diligence process. The final results exceeded our expectations.
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