Pritzker Private Capital (PPC), a leader in family direct investing based in Chicago, announced today that it has invested in NAI Group in Troy, a privately held manufacturer of connectivity solutions that power telecommunications, industrial, and medical applications. Terms of the transaction were not disclosed.
PPC and co-investors are investing alongside members of the NAI management team and a current family investor. Jon Jensen, NAI president and CEO and NAI’s existing management will continue to lead the business post-transaction.
“NAI’s solutions are essential for global telecommunications, industrial manufacturing and medical technology services,” says Chris Trick, investment partner at PPC.
“With strong positions in the emerging marketplace for 5G solutions, Internet of Things connectivity and telehealth capabilities, NAI has compelling opportunities for market expansion and growth through strategic acquisitions. We are pleased to partner with Jon and NAI’s world-class team to support the impressive legacy of growth, safety and innovation of this leading business.”
NAI Group’s fiberoptic, copper, and hybrid solutions for market drivers such as 5G build-out, Internet of Things solutions, and the continued evolution of medical devices and telehealth. The group’s custom interconnect solutions enable power and signal transmission for cell towers, semiconductor, industrial capital and automation equipment, and hospital technology equipment.
“NAI is proud to provide essential, custom connectivity solutions to a growing global base of blue-chip customers,” says Jensen. “Our partnership with Pritzker Private Capital will help us expand into new markets and we are eager to bring our industry-leading focus on quality, reliability and service to even more customers around the world.”
Pritzker Private Capital partners with middle-market companies based in North America with leading positions in the manufactured products, services, and health care sectors. The has a differentiated, long-duration capital base allows for a long-term approach when building businesses.