Ferguson Agrees to Sell Endries to Nautic Partners

Nautic plans to build on the acquisition through additional purchases in "Endries' fragmented market."

Ferguson Enterprises, Newport News, VA, has agreed to sell Endries International Inc., Brillion, WI, to Nautic Partners LLC, Providence, RI. Endries is distributor of fasteners and Class-C parts serving industrial OEMs worldwide.

While Endries has “consistently contributed to the financial health of Ferguson since the 2005 acquisition … the OEM fastener business is not a core business for Ferguson,” a spokesperson for the company said in an email to MDM. “The sale and new ownership structure allows the team to stay focused on their core business and positions Endries for future growth and opportunity.”

The agreement, which was made in partnership with Endries' management, is expected to close within 45 days.

Endries operates primarily through a vendor managed inventory model, managing C-part categories for its customers across diverse industrial end markets. It has eight distribution centers.

“Endries is a very well-run company with an excellent management team and great culture. We look forward to supporting the company’s organic growth initiatives, and we are particularly enthusiastic about the Pulse RFID offering," Chris Pierce, a managing director of Nautic, said. "We will also work with management to pursue selective acquisitions in Endries’ fragmented market.”

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.