Charlotte’s own Blue Point Capital Partners has just announced the complete buyout of National Safety Apparel (NSA), the Cleveland-based company that makes all the performance personal protective equipment (PPE) and safety products for electrical, industrial and service applications.After the acquisition is complete, Blue Point plans on keeping NSA’s current CEO Chuck Grossman in his leadership role.
“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 Grossman in a press release. “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.”
Blue Point Capital Partners is a Charlotte-based private equity firm that currently manages over $1.8 billion in total capital. While the specific financials the NSA buyout have not yet been released, Blue Point typically invests in businesses that generate between $30 million and $300 million in revenue.
What do you think about the new acquisition?
