CLEVELAND--(BUSINESS WIRE)--Blue Point Capital Partners is pleased to announce the recapitalization of National Safety Apparel (NSA), a leading Cleveland-based manufacturer of branded, high-performance personal protective equipment (PPE) and safety products for electrical, industrial and service applications. With a strong focus on the utility and electrical services sector, the company has a long history of providing equipment and apparel that comply with the most rigorous technical safety standards.
Throughout its nearly 90 years in operation, NSA has forged a legacy characterized by high-quality products, exceptional customer service and strong brands. Backed by extensive customer relationships, the NSA team is committed to manufacturing innovative, standard and custom products that emphasize safety, functionality and comfort as the utmost priorities in the high-risk, critical-use environments served.
“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 fourth-generation NSA Owner and CEO Chuck Grossman, who will remain in his leadership role. “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.”
NSA’s double-digit annual growth for over a decade has established it as a leader in the landscape with the depth, resources and vision for continued success. With Blue Point’s support, the company will continue to drive organic growth with new product introductions, geographic expansion and strategic M&A.
“This partnership is a continuation of Blue Point’s history of partnering with local, family-owned businesses,” said Blue Point Partner Jonathan Pressnell. “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.”
NSA is actively seeking complementary partnerships with like-minded founders and owners of safety products businesses. Business owners interested in learning more may contact Blue Point Managing Director, Business Development Megan Kneipp at mkneipp@bluepointcapital.com.
National Safety Apparel (NSA), established in 1935, is a market leader in flame-resistant clothing (FRC), electrical PPE and products, thermal & industrial PPE, workwear and uniforms. The majority of NSA’s products (DRIFIRE®, Enespro®, and Wild Things®, and others) are made in the USA, reflecting a commitment to quality and flexibility that distribution partners and end users have trusted for decades. For more information, visit www.thinknsa.com.
Blue Point Capital Partners is a private equity firm actively managing over $1.8 billion in committed capital. With resources in Cleveland, Charlotte, Seattle and Shanghai, Blue Point’s geographical footprint allows it to establish relationships with local and regional entrepreneurs and advisors while providing the perspectives and resources of a global organization. Blue Point has over a two-decade history of partnering with lower middle-market businesses to build processes and capabilities to achieve growth. Blue Point’s portfolio is supported by its unique capabilities — which include an integrative team focused on innovative global supply chain, data and digital and human capital strategies — as well as its extensive experience, network of industry resources and focused M&A efforts. Blue Point typically invests in businesses that generate between $30 million and $300 million in revenue.
Note: Certain statements about Blue Point Capital Partners made by portfolio company executives herein are intended to illustrate Blue Point Capital Partners’ business relationship with such persons, including with respect to Blue Point Capital Partners’ facilities as a business partner, rather than Blue Point Capital Partners’ capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Blue Point Capital Partners-sponsored vehicles.
