Fastener and component distributor Endries International announced that MSD Partners, L.P., along with Endries management, has acquired Endries from Nautic Partners, a middle market private equity firm. Terms of the transaction were not disclosed.

Endries will continue to be led by CEO Steve Endries and his executive team.

“MSD Partners’ model is one that allows for a long-term approach to customer and supplier relationships, investment in innovation, and commitment to our associates who provide world-class service to our valued customers,” stated Steve Endries.

Nautic Partners acquired Endries in 2017 from Ferguson Enterprises for $246.8 million.

Founded in 1970 by Bob & Pat Endries, Endries International distributes fasteners and Class-C parts to OEMs worldwide. From its headquarters in Brillion, WI, and eight U.S. and international distribution centers, Endries provides 500,000 SKUs. Endries operates primarily through a VMI model, managing C-part categories for diverse industrial end market customers. The company has annual sales of $325 million. Web: Endries.com

MSD Partners, an SEC-registered investment adviser located in New York, was formed in 2009. Web: msdpartners.com