Blackford Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Blackford Capital has acquired 6 companies. It has also invested in 1 other.

Blackford Capital’s most common sectors for investment aremanufacturing (18%) and business services (11%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (61%) and growth capital (29%). In total, Blackford Capital has invested in 12 US states and 2 different countries.

In the last 3 years, Blackford Capital has exited 7 companies. The Firm’s most common exit type is trade sale (39%). Blackford Capital’s largest (disclosed) exit occurred in 2022 when it sold Quality Aluminum Products for $54M.

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M&A Summary

  • M&A Total Activity46
    • M&A Buy Activity28
    • M&A Sell Activity18
  • Total Sectors Invested 20
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 17
  • M&A Advisors 3

Blackford Capital

Blackford Capital

190 Monroe Avenue NW, Suite 600,
Grand Rapids, Michigan 49503
United States
(616) 233-3161
www.blackfordcapital.com
info@blackfordcapital.com

Blackford Capital is a private investment firm that targets mature or growth-oriented manufacturing, distribution, and service companies located in North America. Specific areas of interest include paper; rubber and miscellaneous plastics; stone, clay, and glass products; primary metal industries; fabricated metal products; industrial machinery and equipment; and electronics and other electrical equipment. Blackford prefers situations where management is seeking to retire or exit. The Firm's target revenue range is between $20 and $100 million. Blackford Capital Partners was formed in 2000 and is based in Grand Rapids, Michigan.


Investment Criteria

Sectors of Interest: Business Services, Consumer Products, Consumer Services, Distribution, E-Commerce, Electrical Equipment, Engineering, Healthcare Services, Information Technology, Machinery, Manufacturing, Medical Products, Plastics

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue 20 200
Target EBITDA 3 20
Investment Size - -
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 21 - 2 3 2 - 28
Sell (1.6/yr) # 10 1 1 6 - - 18
vol $54M $54M
  46

Most Recent M&A

Company Date Value Type
LTD Online Stores, Inc. 2023-12-05 - Buyout (LBO, MBO, MBI)
San Diego, California · www.ltdonlinestores.com
Paciv, Inc. 2023-06-05 - Buyout (LBO, MBO, MBI)
San Juan, Puerto Rico · www.paciv.com
Artificial Turf Supply 2022-11-30 - Buyout (LBO, MBO, MBI)
Carlsbad, California · www.artificialturfsupply.com
Starfire Acquisition LLC 2022-11-14 - Buyout (LBO, MBO, MBI)
Temecula, California · www.starfiredirect.com
ID Collaborative, Inc. 2022-10-04 - Merger
Greensboro, North Carolina · www.idc.biz
Design Environments 2022-10-04 - Consolidation
Marietta, Georgia · www.designenvironments.com
Quality Aluminum Products, Inc. 2022-08-23 54M USD Trade Sale
Flat Rock, Michigan · www.qualityaluminum.com
Grand Equipment Co. 2022-06-16 - Secondary Sale
Hudsonville, Michigan · www.grandequipment.com
Online Tech Stores LLC 2022-06-13 - Trade Sale
Reno, Nevada · www.supplieswholesalers.com
Hall Research Technologies LLC 2022-04-13 - Secondary Sale
Coppell, Texas · www.halltechav.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Design Environments 2022-10-04 ID Collaborative, Inc. 2022-10-04 2
Marietta, Georgia · www.designenvironments.com Greensboro, North Carolina · www.idc.biz

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 2 (22%) - 5 (18%) -
Business Services - - 3 (11%) -
Distribution - - 2 (7%) -
Plastics 1 (11%) - 2 (7%) -
Building Materials - - 1 (4%) -
Construction - - 1 (4%) -
Consumer Products 1 (11%) - 1 (4%) -
E-Commerce 1 (11%) - 1 (4%) -
Electrical Equipment - - 1 (4%) -
Electronics - - 1 (4%) -
Engineering 1 (11%) - 1 (4%) -
Food - - 1 (4%) -
Healthcare Services - - 1 (4%) -
Information Technology - - 1 (4%) -
Machinery 1 (11%) - 1 (4%) -
Medical Products 1 (11%) - 1 (4%) -
Publishing - - 1 (4%) -
Retail 1 (11%) - 1 (4%) -
Safety/Security - - 1 (4%) -
Transportation - - 1 (4%) -
Total 9 - 28 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 8 (89%) - 27 (96%) -
  Michigan 3 (33%) - 8 (29%) -
  California 3 (33%) - 6 (21%) -
  Massachusetts 1 (11%) - 2 (7%) -
  North Carolina - - 2 (7%) -
  Illinois - - 2 (7%) -
  Georgia 1 (11%) - 1 (4%) -
  Washington - - 1 (4%) -
  Texas - - 1 (4%) -
  Nevada - - 1 (4%) -
  Minnesota - - 1 (4%) -
  Indiana - - 1 (4%) -
  Florida - - 1 (4%) -
Puerto Rico 1 (11%) - 1 (4%) -
Domestic 8 (89%) - 27 (96%) -
Cross-border 1 (11%) - 1 (4%) -
Total 9 - 28 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 5 (56%) - 17 (61%) -
Growth Capital 3 (33%) - 8 (29%) -
Consolidation 1 (11%) - 1 (4%) -
Recapitalization - - 1 (4%) -
Stake Purchase - - 1 (4%) -
Total 9 - 28 -

Exits by Deal Type

Type Total # Value
Secondary Sale 6 (33%) -
Trade Sale 6 (33%) -
Trade Sale - Public Company 3 (17%) 54M (100%)
Merger 3 (17%) -
Total 18 $54M

Top M&A Advisors

Financial Deals
Aleutian Capital Partners LLC (dba Aleutian Capital Group)
 1
Stout Risius Ross LLC
 1
Legal Deals
Varnum
 6

Deal Values

sell # Total
< $100M 1 $54M
TOTAL $54M
Largest Quality Aluminum Products, Inc.
$54M (2022-08-23)

M&A Connections

Deals
Acquired from
Investor(s)
4%
1 (4%)
Exited to
Investor(s)
22%
4 (22%)
Strategic(s)
56%
10 (56%)

Investor Summary

Investor Type

Private Equity Firm

Size

Small

Established

2000

Specialist/Generalist

Generalist

Leadership

Martin Stein

Founder & Managing Director

Carmen Evola

Managing Director

Jeffrey Johnson

Managing Director

Allen Palles

Operating Partner

Rob Leonard

Operating Partner

FAQ

When was Blackford Capital founded?

Blackford Capital was founded in 2000.

What type of investor is Blackford Capital?

Blackford Capital is a private equity firm.

Where is Blackford Capital headquartered?

Blackford Capital is headquartered in Grand Rapids, Michigan.

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