Sentinel Capital Partners Sells NSI Industries' HVAC Division to Lennox for $550 Million
Sentinel Capital Partners announced on October 16, 2025 the sale of NSI Industries' HVAC division (including Duro Dyne and Supco) to Lennox (NYSE: LII) for approximately $550 million in cash. The divestiture returns NSI to a pure-play branded electrical products manufacturer focused on connectors, fittings, and replacement-driven components sold under names like Bridgeport, Polaris, and Tork. Sentinel said the move aligns NSI with its core electrical distribution customers, while Lennox acquires market-leading HVAC parts and supplies to expand its lifecycle offerings.
Sentinel Capital Partners ha annunciato il 16 ottobre 2025 la vendita della divisione HVAC di NSI Industries (inclusi Duro Dyne e Supco) a Lennox (NYSE: LII) per circa $550 milioni in contanti. La cessione riporta NSI a un produttore puro di prodotti elettrici a marchio focalizzato su connettori, raccordi e componenti di ricambio venduti sotto nomi come Bridgeport, Polaris e Tork. Sentinel ha dichiarato che l'operazione allinea NSI con i suoi principali clienti della distribuzione elettrica, mentre Lennox acquisisce parti e forniture HVAC leader di mercato per ampliare le sue offerte lungo il ciclo di vita.
Sentinel Capital Partners anunció el 16 de octubre de 2025 la venta de la división HVAC de NSI Industries (incluidas Duro Dyne y Supco) a Lennox (NYSE: LII) por aproximadamente 550 millones de dólares en efectivo. La desinversión devuelve a NSI a un fabricante puro de productos eléctricos de marca centrado en conectores, accesorios y componentes de repuesto vendidos bajo nombres como Bridgeport, Polaris y Tork. Sentinel dijo que la operación alinea a NSI con sus principales clientes de distribución eléctrica, mientras Lennox adquiere piezas y suministros HVAC líderes en el mercado para ampliar su oferta de ciclo de vida.
Sentinel Capital Partners가 2025년 10월 16일 NSI Industries의 HVAC 부문( Duro Dyne 및 Supco 포함)을 Lennox (NYSE: LII)에 현금 약 5.5억 달러에 매각한다고 발표했습니다. 매각으로 NSI는 Bridgeport, Polaris, Tork와 같은 브랜드로 판매되는 커넥터, 피팅 및 교체형 부품에 집중하는 순수 전기 제품 제조업체로 되돌아갑니다. Sentinel은 이 조치가 NSI를 주요 전기 유통 고객과 정렬시킨다고 말했고, Lennox는 시장을 선도하는 HVAC 부품과 소모품을 인수해 라이프사이클 제공을 확장합니다.
Sentinel Capital Partners a annoncé le 16 octobre 2025 la vente de la division HVAC de NSI Industries (y compris Duro Dyne et Supco) à Lennox (NYSE: LII) pour environ 550 millions de dollars en espèces. La cession ramène NSI à un fabricant pur de produits électriques de marque axé sur les connecteurs, les raccords et les composants de remplacement vendus sous des noms tels que Bridgeport, Polaris et Tork. Sentinel a déclaré que ce mouvement aligne NSI avec ses principaux clients de distribution électrique, tandis que Lennox acquiert des pièces et fournitures HVAC leaders sur le marché pour étendre son offre de cycles de vie.
Sentinel Capital Partners gab am 16. Oktober 2025 den Verkauf der HVAC-Sparte von NSI Industries (einschließlich Duro Dyne und Supco) an Lennox (NYSE: LII) für ca. 550 Mio. USD in bar bekannt. Die Abspaltung macht NSI zu einem reinen Hersteller markenbasierter Elektronikprodukte, der sich auf Anschlüsse, Fittings und Ersatzkomponenten konzentriert und unter Marken wie Bridgeport, Polaris und Tork verkauft wird. Sentinel sagte, der Schritt bringe NSI näher an seine Kernkunden der elektrischen Distribution, während Lennox marktführende HVAC-Teile und -Vorräte erwirbt, um sein Angebot an Lebenszyklusprodukten zu erweitern.
أعلنت Sentinel Capital Partners في 16 أكتوبر 2025 عن بيع قسم HVAC في NSI Industries (بما في ذلك Duro Dyne و Supco) إلى Lennox (NYSE: LII) بمبلغ يقارب 550 مليون دولار نقداً. تُعيد الصفقة NSI إلى شركة تصنيع كهربائية ذات علامة تجارية مركّزة على الموصلات والملحقات ومكوّنات الاستبدال المباعة تحت أسماء مثل Bridgeport و Polaris و Tork. وقالت Sentinel إن هذه الخطوة ستُسهل مواءمة NSI مع عملائها الأساسيين في توزيع الكهرباء، بينما تستحوذ Lennox على قطع وتوريدات HVAC رائدة في السوق لتوسيع عروضها على مدى دورة الحياة.
Sentinel Capital Partners 于 2025 年 10 月 16 日 公布将 NSI Industries 的 HVAC 部门（包括 Duro Dyne 和 Supco）出售给 Lennox (NYSE: LII)，现金交易金额约为 5.5 亿美元。此次剥离使 NSI 回归为专注于连接件、接头和以 Bridgeport、Polaris 与 Tork 等品牌销售的替换部件的纯正电气产品制造商。Sentinel 表示，此举将 NSI 与其核心电气分销客户对齐，而 Lennox 将获得市场领先的 HVAC 零件和用品，以扩展其生命周期产品。
- $550 million cash purchase price for NSI HVAC division
- Lennox gains market-leading Duro Dyne and Supco HVAC brands
- NSI exits HVAC, reducing business diversification into climate-control products
Insights
Sale for
Sentinel Capital Partners sold NSI's HVAC division, including the Duro Dyne and Supco brands, to Lennox for
The outcome depends on successful use of proceeds and management execution: retaining distributor relationships and maintaining steady replacement-driven demand matter for NSI; integrating Duro Dyne and Supco into Lennox's parts and services offering matters for Lennox. Key operational risks include integration of people and systems, and preserving brand value during the ownership transition. Neither regulatory, financing, nor specific cost synergies are disclosed, so those remain unknown.
Monitor the announced integration milestones and any statements about how the
Divestiture Returns NSI to Pure-Play Electrical Products Business
With this divestiture, NSI will refocus as a pure-play manufacturer of branded electrical products sold under iconic names like
"There is an excellent strategic fit between NSI's HVAC division and Lennox," said John Van Sickle, a Sentinel partner. "This sale returns NSI to its roots as an electrical products company serving distributors nationwide. Our partnership with NSI's talented management team builds on the company's strong record of success, great brands, and reputation for superior service to electrical customers."
"We've been proud to call NSI home for the past four years and look forward to joining the Lennox team in our next chapter of growth," said NSI's HVAC President, John MacQuarrie. "We remain focused on operational excellence, product innovation, and delivering exceptional value to our customers."
Sentinel's expertise in electrical manufacturing and distribution includes prior investments in ECM Industries (electrical products for construction, maintenance, lighting, irrigation, landscape supply, and gas utility markets) and Power Products (diversified electrical products). Sentinel's broader industrial manufacturing and distribution expertise includes investments in Chromalox (commercial and industrial electric heating products and systems), Engineered Controls (specialized pressure regulators, valves, and other controls), LTI Boyd (engineered sealing and thermal management components), RotoMetrics (rotary tooling products), Sonny's (conveyorized car wash systems and related products), and Spectrum Safety Solutions (fire detection and suppression products).
About Sentinel Capital Partners
Sentinel is a leading midmarket private equity firm. Working collaboratively with portfolio companies, Sentinel offers operational resources and strategic advice that help its management teams solve challenges, capitalize on opportunities, and build stronger, more valuable businesses. Sentinel also provides junior capital solutions as a minority investor.
Sentinel focuses on niche markets across the business services, consumer, healthcare services, and industrial sectors. Since its inception in 1995, Sentinel has raised more than
About NSI Industries
Headquartered in
About Lennox
Lennox (NYSE: LII) is a leader in energy-efficient climate-control solutions. It is committed to sustainability and creating comfortable, healthier environments for residential and commercial customers. Its innovative portfolio includes cooling, heating, indoor air quality, and refrigeration systems, along with a comprehensive range of HVAC parts, supplies, and services that support the full lifecycle of customer needs. Additional information is available at www.lennox.com. For media inquiries, contact PR@lennox.com.
Contact: Roland Tomforde
Broadgate Consultants
212-232-2222
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SOURCE Sentinel Capital Partners
FAQ
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