Mill Point Capital Acquires Nursery Supplies, Inc.
Nursery Supplies, Inc. Enters Next Phase of Growth Under Mill Point Capital’s Ownership
Kissimmee, FL – April 3, 2023 – New NSI Holdings, Inc. (“Nursery Supplies, Inc.”, “NSI”, or the “Company”), a vertically-integrated provider of sustainable horticulture packaging solutions, announced that it has partnered with Mill Point Capital LLC (“Mill Point”), a middle-market private equity firm focused on control-oriented investments in the business services, industrials and IT services sectors in North America.
Headquartered in Kissimmee, Florida, Nursery Supplies, Inc. is a recycler and manufacturer of a diverse line of horticulture containers and trays. The company has a broad footprint to service its customer base with manufacturing/distribution facilities in Florida, Pennsylvania, Ohio and Texas and additional distribution facilities in California and Oregon.
Brad Andersen, President and Chief Executive Officer of NSI, commented, “I am thrilled to enter NSI’s next phase of growth alongside Mill Point and their deep bench of industry experts and resources. NSI is poised to continue its track record of profitable growth under its new partnership.”
“NSI’s leadership has done a phenomenal job establishing the Company as a trusted strategic partner in the horticulture industry. Their ability to continuously deliver outstanding customer service in terms of product design, innovation and reliability is highly impressive. We are looking forward to building upon NSI’s success throughout our partnership,” said Mark Paolano, Partner of Mill Point.
“The Company’s track record of delivering innovative solutions for its clients and differentiated capabilities, including their in-house plastic recycling platform, have positioned the Company for tremendous growth. We believe Brad and his team’s expertise – paired with Mill Points resources and value creation plan – will unlock tremendous value,” added Antony Besso, Partner, Operations of Mill Point and Executive Chairman of NSI.
About Nursery Supplies, Inc.
Headquartered in Kissimmee, FL, NSI is a vertically-integrated manufacturer of sustainable horticulture packaging solutions. The Company’s capabilities include blow-molding, pressure forming, injection molding, vacuum forming, custom printing / branding, along with an in-house resin recycling platform which recycles over 40 million pounds of plastic annually. NSI serves the Nursery and Greenhouse end-markets with innovative packaging solutions that have been trusted by the top players in their end-markets for decades. For more information, please visit https://www.nurserysupplies.com/
About Mill Point Capital LLC
Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies in North America across the industrials, business services and IT services sectors. Mill Point’s experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.