M&A Deal Summary

Blue Point Capital Partners Acquires SASE

On August 25, 2017, private equity firm Blue Point Capital Partners acquired machinery company SASE

Acquisition Highlights
  • This is Blue Point Capital Partners’ 1st transaction in the Machinery sector.
  • This is Blue Point Capital Partners’ 30th transaction in the United States.
  • This is Blue Point Capital Partners’ 1st transaction in Tennessee.
Investment Fate
  • SASE was sold to a strategic buyer in 2023.

M&A Deal Summary
Date 2017-08-25
Target SASE
Sector Machinery
Buyer(s) Blue Point Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

SASE

Rockford, Tennessee, United States
website
SASE is a manufacturer and supplier of equipment and consumables used in the concrete polishing industry. SASE was founded in 1985 and is based in Rockford, Tennessee.

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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 33 of 51
Sector (Machinery) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 13 of 18
State (Tennessee) 1 of 2
Country (United States) 30 of 47
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-24 OrthoLite

Amherst, Massachusetts, United States

OrthoLite is a manufacturer of branded open cell foam insoles and other footwear components supplied to over 250 footwear brands. OrthoLite was established in 1997 and is headquartered in Amherst, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-20 Italian Rose

Riviera Beach, Florida, United States

Italian Rose is a manufacturer and distributor of salsas, dips, sauces and spreads to major retail and foodservice channels. Italian Rose Gourmet Products was founded in 1979 and is based in Riviera Beach, Florida.

Buy -
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