Endries International, Brillion, WI, a distributor of fasteners and related production components, has announced that MSD Partners, L.P., along with Endries management, has acquired Endries from Nautic Partners, a middle market private equity firm. Terms of the transaction were not disclosed.
"In MSD Partners we found a firm that has a thought process that aligns well with Endries' approach,” said Steve Endries, CEO of Endries. “MSD Partners' model is one that allows for a long-term approach to customer and supplier relationships, investment in innovation, and commitment to our associates who provide world-class service to our valued customers. Together, we look forward to building upon the foundation that has been established with a focus on enhancing the value we add to our current customer relationships along with making strategic acquisitions."
Endries will continue to be led by CEO Steve Endries and his executive team.