M&A Deal Summary

Blue Point Capital Partners Acquires Premier Needle Arts

On December 19, 2014, private equity firm Blue Point Capital Partners acquired apparel/textiles company Premier Needle Arts

Acquisition Highlights
  • This is Blue Point Capital Partners’ 1st transaction in the Apparel/Textiles sector.
  • This is Blue Point Capital Partners’ 27th transaction in the United States.
  • This is Blue Point Capital Partners’ 3rd transaction in Washington.

M&A Deal Summary
Date 2014-12-19
Target Premier Needle Arts
Sector Apparel/Textiles
Buyer(s) Blue Point Capital Partners
Deal Type Consolidation

Target

Premier Needle Arts

Vancouver, Washington, United States
website
Premier Needle Arts is a provider of quilting products to a global network of independent quilting stores, sewing retailers, quilting distributors and dealers, and consumers. Premier Needle Arts was founded in 2014 and is based in Vancouver, Washington.

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Buyer(S) 1

Buyer

Blue Point Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1990
PE ASSETS 1.9B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Point Capital Partners is a middle-market private equity firm focused on investments throughout the US, Canada, and Europe. The Firm looks to commit $10 to $50 million of equity capital in companies generating sales of $30 to $300 million and EBITDA of at least $7 million. Blue Point looks for control investments that arise from management led buyouts, recapitalizaitons, and companies in need of growth capital. Sectors of interest include transportation components, metals processing, plastics, packaging, specialty distribution, environmental, building materials, industrial textiles, transportation/logistics, chemicals, industrial outsourcing, and engineered components. Blue Point will not invest in real estate, restaurants, retail, or companies operating in highly regulated industries. Blue Point Capital Partners was formed in 1990 and has offices in Cleveland, Ohio; Charlotte, North Carolina; and Seattle, Washington.

DEAL STATS #
Overall 29 of 51
Sector (Apparel/Textiles) 1 of 3
Type (Consolidation) 1 of 4
State (Washington) 3 of 3
Country (United States) 27 of 47
Year (2014) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-29 JJ s Bakery

Erie, Pennsylvania, United States

JJ's Bakery is a manufacturer of handheld snack pies. JTM sells its JJ’s Bakery branded snack pies and private-label snack pies to grocery, convenience, value, dollar, and mass retailers. JJ's Bakery was founded in 1986 and is based in Erie, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-10 Area Wide Protective

North Canton, Ohio, United States

Area Wide Protective is a provider of professional traffic control design and execution services in support of utility infrastructure maintenance and construction activity. Area Wide Protective was founded in 1993 and is based in North Canton, Ohio.

Sell -
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