HUNTERSVILLE, N.C. — NSI Industries, LLC today announced the acquisition of Duro Dyne® Corp., a Bay Shore, N.Y. sheet metal manufacturer for the heating, ventilating, and air conditioning industry.
Terms of the acquisition were not disclosed. TM Capital served as advisor to Duro Dyne. The Duro Dyne acquisition adds the HVAC market to NSI’s distribution model.
“Duro Dyne has built a tremendous reputation with its customers over the years as not only providing first in class products, but also as the easiest company to work with in the market,” said G. R. Schrotenboer, CEO of NSI Industries. “By leading with these attributes, Duro Dyne naturally aligns itself with NSI and its approach to the marketplace. We welcome the Duro Dyne team to the NSI family and look forward to increasing Duro Dyne’s HVAC/R market share with the added strengths as part of the NSI platform.”
“We are extremely excited to partner with NSI," said David B. Krupnick, president of Duro Dyne Corp. "Both companies’ synergistic value propositions in two of the most important sectors of the construction trade make this a perfect marriage. With both companies’ core values being innovation, customer service, and growth, we expect over the next decade to now be able to catapult Duro Dyne to a new level in the HVAC industry with NSI’s support. This will be accomplished by further supporting our tried and true values and expanding our scalable business model in the HVACR industry. This partnership will make Duro Dyne an even greater name in sheet metal accessories.”
“It is with great enthusiasm that the Duro Dyne team welcomes this partnership with NSI Industries," added Patrick Rossetto, president of Duro Dyne National. "Duro Dyne’s values and business strategy is clearly aligned with that of NSI and that position will have a positive impact for our customers and employees alike. By joining forces, our strength and growth will be unparalleled in the HVAC and electrical supplies industries. We look forward to continued opportunities to cultivate great success in the near and long term future.”