Nautic Partners has sold portfolio company Endries International and related affiliates to MSD Partners.
Endries is a distributor of fasteners and Class-C parts serving industrial Original Equipment Manufacturers (OEMs) worldwide, providing over 500,000 SKUs to its customer base.
Endries operates primarily through a vendor managed inventory model, managing C-part categories for its customers across diverse industrial end markets. Endries partners with OEM customers through robust replenishment systems that provide products and support services which are critical to maintaining the manufacturing process.
Chris Pierce, Managing Director of Nautic, says: “The Endries management team is truly world-class. We thank Steve Endries, Matt Vechart and the entire team for their accomplishments; it has been a pleasure partnering with them to achieve the goals that we had.”
Sean Wieland, Vice President of Nautic, says: “Endries experienced very strong growth both organically and via a number of quality acquisitions completed and integrated during our investment period. We are confident that the company will continue to execute its growth strategy in partnership with MSD Partners.”
Steve Endries, President and CEO of Endries, says: “For over 40 years, Endries has been committed to providing reliable, top-quality products and services to support our manufacturing customers. We have remained true to that commitment during our partnership with Nautic and will do the same with our new partners at MSD Partners.”
Matt Vechart, Senior Vice President and CFO of Endries, adds: “We enjoyed working with the Nautic team and pursuing strategic acquisitions. We look forward to the next chapter for Endries and working with MSD Partners.”
BB&T served as the advisor to Endries and Nautic.
