NSi Industries Acquires Platinum Tools

March 11, 2019

NSi Industries, a portfolio company of Blue Sea Capital, has acquired Platinum Tools, a Newbury Park, California-based maker of low-voltage connectors, hand tools and cable preparation/test products. The deal expands NSi's product offering into the low-voltage market and establishes Platinum Tools as a West Coast distribution facility while founders Lee Sachs and David Johny remain significant shareholders and continue to lead the business.

Buyers
NSi Industries, Blue Sea Capital LLC
Targets
Platinum Tools, LLC
Sellers
Lee Sachs, David Johny
Platforms
NSi Industries
Industry
Manufacturing
Location
California, United States
Transaction Type
Addon

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