Endries sold to New York equity firm

Posted by of Insight Publications

Endries International Inc. in Brillion has a new owner — MSD Partners, L.P., a New York-based investment firm.

MSD Partners purchased the distributor of fasteners and Class-C parts from Nautic Partners, LLC, a Rhode Island-based private equity firm. The sale price was not disclosed. The company will continue to be led by President and CEO Steve Endries and his executive team.

Endries, which serves industrial Original Equipment Manufacturers worldwide, has eight U.S. and international distribution centers in addition to its headquarters in Brillion. Endries operates primarily through a vendor-managed inventory model and manages more than 500,000 SKUs for its customers.

“For over 40 years, Endries has been committed to providing reliable, top-quality products and services to support our manufacturing customers,” Steve Endries said in a news release. “We have remained true to that commitment during our partnership with Nautic and will do the same with our new partners at MSD Partners.”

Formed in 2009, MSD Partners uses a multidisciplinary investment strategy focused on maximizing long-term capital appreciation by making investments across the globe in the equities of public and private companies, credit, real estate and other asset classes and securities.