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Nautic Partners Completes Sale of Endries International to MSD Partners

Providence, RI

Nautic Partners, LLC announced today that it has sold portfolio company Endries International, Inc. and related affiliates (“Endries”) to MSD Partners, L.P. (“MSD Partners”).

Endries is a leading distributor of fasteners and Class-C parts serving industrial Original Equipment Manufacturers (“OEMs”) worldwide. From its headquarters in Brillion, WI and eight U.S. and international distribution centers, Endries provides over 500,000 SKUs to its customer base.  Endries operates primarily through a vendor managed inventory model, managing C-part categories for its customers across diverse industrial end markets.  Endries partners with OEM customers through robust replenishment systems that provide products and support services which are critical to maintaining the manufacturing process.

Chris Pierce, Managing Director of Nautic, said, “The Endries management team is truly world-class. We thank Steve Endries, Matt Vechart and the entire team for their accomplishments; it has been a pleasure partnering with them to achieve the goals that we had.”

Sean Wieland, Vice President of Nautic, continued, “Endries experienced very strong growth both organically and via a number of quality acquisitions completed and integrated during our investment period. We are confident that the company will continue to execute its growth strategy in partnership with MSD Partners.”

Steve Endries, President and CEO of Endries, said, “For over 40 years, Endries has been committed to providing reliable, top-quality products and services to support our manufacturing customers. We have remained true to that commitment during our partnership with Nautic and will do the same with our new partners at MSD Partners.”

Matt Vechart, Senior Vice President and CFO of Endries added, “We enjoyed working with the Nautic team and pursuing strategic acquisitions.  We look forward to the next chapter for Endries and working with MSD Partners.”

BB&T served as the advisor to Endries and Nautic.

About Endries

For over 40 years, Endries has worked with OEMs and has built its business around supporting manufacturers.  Today Endries manages over 500,000 SKUs including various fasteners and related production components, and has annualized revenue in excess of $325 million.  For more information, please visit http://www.endries.com.

Certain statements about Nautic made by portfolio company executives herein are intended to illustrate Nautic’s business relationship with such persons, including with respect to Nautic’s facilities as a business partner, rather than Nautic’s 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 Nautic-sponsored vehicles. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein.