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Sentinel Capital Partners Sells NSI Industries' HVAC Division to Lennox for $550 Million
Prnewswireยท 2025-10-16 14:09
Core Insights - Sentinel Capital Partners announced the sale of NSI Industries' HVAC division to Lennox International for approximately $550 million in cash, marking a strategic divestiture that allows NSI to refocus on its core electrical products business [1][2]. Company Focus - Following the divestiture, NSI will concentrate on manufacturing branded electrical products under well-known names such as Bridgeport, Polaris, and Tork, with a focus on insulated connectors, fittings, and other high-value components that have steady, replacement-driven demand [2][6]. Strategic Fit - The sale is seen as a strategic fit between NSI's HVAC division and Lennox, with NSI returning to its roots as an electrical products company serving distributors across the nation, leveraging its strong brand reputation and operational excellence [3][6]. Market Position - NSI Industries is recognized as a leading manufacturer and supplier of branded electrical components in the U.S. and Canada, offering over 10,000 products and maintaining a strong presence in the market [6]. Private Equity Expertise - Sentinel Capital Partners has a history of investing in electrical manufacturing and distribution, with prior investments in companies like ECM Industries and Power Products, showcasing its expertise in the industrial sector [3][4].