Blue Point Capital Partners has acquired National Safety Apparel, a manufacturer of branded personal protective equipment.
National Safety Apparel (NSA) is a provider of flame-resistant clothing (FRC), electrical personal protective equipment (PPE) and thermal and industrial PPE, workwear, and uniforms.
The majority of NSA’s branded products including DRIFIRE, Enespro, and Wild Things are made in the United States. The company’s DRIFIRE products include hi-vis, arc flash and flash fire industrial workwear and flame-resistant base layers, combat uniforms, and flight suits; the Wild Things brand includes cold weather military clothing; and its Enespro products include flame-resistant clothing, electrical safety PPE, and rubber voltage gloves.
NSA was founded in 1935 by Walter “Wally” Grossman in the basement of his father’s house in Cleveland. Today, the company today is a fourth generation, family-owned business headquartered in Cleveland, Ohio.
“Blue Point’s experience in our industry and alignment with our culture made them the right choice for NSA as we explore new avenues for expansion in the safety products market,” said Chuck Grossman, the president and a fourth-generation owner of NSA. “Together, we will continue to scale the business while staying true to NSA’s mission — to ensure the protection of workers and help them return home safely every day.”
“This partnership is a continuation of Blue Point’s history of partnering with local, family-owned businesses,” said Jonathan Pressnell, a partner at Blue Point. “NSA’s impressive performance and customer loyalty demonstrate their exceptional market position and quality products. The company is an excellent fit with Blue Point’s manufacturing and safety sector investing experience. Looking ahead, we plan to provide capital and operational resources to assist management in accelerating growth and driving efficiency, building on the impressive track record already established by the NSA team.”
Blue Point invests in companies that are active in the industrial, business services, consumer, and value-added distribution sectors and have from $30 million to $300 million in revenue and EBITDA greater than $7 million. The firm has offices in Cleveland, Charlotte, Seattle, and Shanghai.
Now in partnership with Blue Point, NSA is actively seeking complementary partnerships with like-minded founders and owners of safety products businesses.
© 2024 Private Equity Professional | May 29, 2024
