Carousel Capital announced it has successfully exited its investment in Nestor Sales, LLC in a strategic acquisition by publicly traded Essendant Inc. (NASDAQ: ESND). A link to the Essendant press release can be found below.
Essendant Buys Transportation Industry Distributor Nestor Sales
Nestor Sales, LLC is a leading national distributor of tools, equipment and supplies to the automotive repair and maintenance market and a supplier of maintenance, repair, operating and production products (MROP). Nestor Sales also provides flexible integrated procurement solutions for manufacturers and other users of MROP products. Nestor Sales has ten strategically located distribution centers throughout the United States.
Carousel Capital is a private investment firm that invests in companies located in the Southeastern United States. Carousel’s investor base includes institutional investors and an elite group of more than 100 current and former CEOs with significant operating experience. Since its inception, Carousel has invested in 34 companies primarily in three targeted growth sectors: business services; consumer services; and healthcare services.
