Boxwood Partners Acts as Exclusive Advisor to NSC Technologies in Recapitalization by White Wolf Capital
RICHMOND, VA (November 18, 2016) — Boxwood Partners, LLC is pleased to announce the recapitalization of NSC Technologies (the “Company” or “NSC”) by White Wolf Capital, LLC (“White Wolf”).
Boxwood Partners acted as the exclusive financial advisor to NSC with respect to the transaction. The NSC transaction was led by Managing Directors J. Patrick Galleher and Bobby Morris, and Vice President Brian Alas. Terms were not disclosed.
Founded by CEO Paul Rodriguez and headquartered in Norfolk, VA, NSC has quickly become one of the nation’s leading staffing and workforce solution providers. With a focus on highly-skilled craftsmen, the Company has developed a dynamic pipeline of qualified talent to support the leased and contingent labor needs of its customers. NSC has also been able to expand its service offerings and customer base which include companies in the marine, industrial, energy and commercial end markets. NSC’s management team comprises a stable of industry veterans who have helped develop strategic partnerships with key customers while also providing a reliable, safety-minded source of labor throughout the U.S. as required by its customers.
“Paul and his team have built a sound and proven business that is well-positioned to take advantage of the industry’s favorable dynamics in the coming years” said Patrick Galleher, Managing Director at Boxwood. “With White Wolf’s industry contacts and experience, NSC is poised to continue to not only expand upon its core capabilities, but also be more active in growth by acquisition.”
Paul Rodriguez, the Founder and CEO of NSC, said “Our business continues to experience incredible growth as a result of our team’s forward-thinking and proactive approach to staffing solutions. We have been able to capitalize on industry trends by providing flexibility to our customers. Our ability to source highly-qualified, safety-focused craftsmen has become a true point of differentiation for NSC. Our new partnership with Elie Azar and the White Wolf team will further solidify and support our growth initiatives moving forward.”
Steve Sanchez, COO of NSC, added, “The Boxwood team played an integral role in the closing of this transaction as we were able to rely on them to help guide us through every step of the process. We believe Boxwood was able to find us the perfect partner to help us take NSC to the next level.”
Elie Azar, Managing Director at White Wolf, said, “We are very excited to partner with Paul and his team for the next step of NSC’s growth. We’d also like to commend the Boxwood team for their efforts on this transaction. Their assistance was invaluable to the closing of the deal.”
About Boxwood Partners, LLC:
Boxwood is a leading middle market investment banking firm that is headquartered in Richmond, Virginia. Boxwood provides strategic sell-side, buy-side, and capital raising services to both public and private (owner-operator and closely-held) businesses throughout the middle market. Boxwood combines a unique blend of senior-level transaction advisory and proven process execution skills to give its clients a distinct advantage in the market. Moreover, Boxwood’s team has extensive operating experience which makes the firm uniquely qualified to assist its clients navigate the challenges and opportunities of today’s global business environment. For further information, please visit: www.boxwoodpartnersllc.com.
About NSC Technologies:
NSC specializes in staffing and workforce management solutions for a wide range of industries including: marine, defense, energy and industrial markets. NSC’s staffing experts identify top technical professionals and craftsman who are reliable, verifiably skilled and safety-minded to support customers as direct hire or contingent employees. The Company is headquartered in Norfolk, VA and has 8 regional offices in strategic locations across the United States. For further information, please visit: www.nsc-tech.com.
About White Wolf:
White Wolf is a private investment firm that began operations in late 2011 and is focused on management buyouts, recapitalizations and investments in leading middle market companies. In general, White Wolf seeks both mezzanine and private equity investment opportunities in companies that are headquartered in North America with $10 million to $100 million in revenues and up to $10 million in EBITDA. Preferred industries include: manufacturing, business services, information technology, security, aerospace and defense. For further information, please visit: www.whitewolfcapital.com.