Blackstreet Capital Management Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Blackstreet Capital Management has acquired 1 company.

Blackstreet Capital Management’s most common sectors for investment arehealthcare services (9%) and apparel/textiles (9%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (52%) and divestiture (14%). In total, Blackstreet Capital Management has invested in 14 US states and 6 different countries. Its largest (disclosed) acquisition occurred in 1999 when it acquired IX Europe for $135M.

The Firm’s most common exit type is trade sale (34%). Blackstreet Capital Management’s largest (disclosed) exit occurred in 2012 when it sold Cadum International SA for $260M.

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M&A Summary

  • M&A Total Activity61
    • M&A Buy Activity37
    • M&A Sell Activity24
  • Total Sectors Invested 24
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 18

Blackstreet Capital Management LLC

7250 Woodmont Ave, Suite 210,
Chevy Chase, Maryland 20814
United States
(240) 223-1330
www.blackstreetcapital.com
info@blackstreetcapital.com

Blackstreet Capital is a private equity firm focused on control buyouts of under-performing corporate orphans with $25 to $150 million in revenue. Industries of interest include niche manufacturing, distribution, specialty retail, education and training, healthcare services and devices, and restaurants. Blackstreet invests up to $15 million of equity capital in businesses valued up to $75 million. Blackstreet's average holding period is three to five years. Blackstreet Capital(formerly Milestone Capital Management was founded in 2003 and is based in Bethesda, Maryland.


Investment Criteria

Sectors of Interest: Agriculture, Apparel/Textiles, Building Materials, Business Services, Communications, Construction, Consumer Products, Consumer Services, Distribution, Education, Financial Services, Food, Franchising, Healthcare Services, Manufacturing, Marketing, Media, Medical Products, Publishing, Restaurants, Retail

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Growth Capital, Special Situations/Distressed, Acquisition Financing, Secondary Buyout

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

Transaction Criteria Min Max
Target Revenue 25 150
Target EBITDA - -
Investment Size - 15
Enterprise Value - 75
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 36 - 1 - - - 37
vol $712M $712M
Sell (0.0/yr) # 24 - - - - - 24
vol $524M $524M
  61

Most Recent M&A

Company Date Value Type
Innovasium Red Apple Stores, Inc. 2021-05-06 - Add-on Acquisition
Mississauga, Ontario · www.redapplestores.com
Cartesian, Inc. 2019-08-22 - Add-on Acquisition
Boston, Massachusetts · www.cartesian.com
Northern Brewer LLC 2019-07-11 - Divestiture
Roseville, Minnesota · www.northernbrewer.com
DAI Investment Inc. 2017-08-29 - Unknown
Randolph, Massachusetts
Swift Spinning, Inc. 2017-01-01 - Trade Sale
Columbus, Georgia · www.swiftspinning.com
Starad, Inc. 2016-12-13 6M USD Trade Sale
New York, New York · www.christopherradko.com
Premier Care in Bathing 2016-11-10 - Sold to Management
South Daytona, Florida · www.premiercareblog.com
Ice World Maryland LLC 2016-09-30 - Growth Capital
, Maryland
Premier Care in Bathing 2016-06-14 - Secondary Buyout
South Daytona, Florida · www.premiercareblog.com
American Combustion Industries, Inc. 2016-02-24 - Sold to Management
Brentwood, Maryland · www.aciindustries.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services - - 3 (8%) 82M (12%)
Apparel/Textiles - - 3 (8%) -
Consumer Services - - 3 (8%) -
Building Materials - - 2 (5%) 129M (18%)
Restaurants - - 2 (5%) 121M (17%)
Energy Services and Equipment - - 2 (5%) 69M (10%)
Financial Services 1 (17%) - 2 (5%) 46M (6%)
Leisure - - 2 (5%) 43M (6%)
Business Services 1 (17%) - 2 (5%) -
Retail 2 (33%) - 2 (5%) -
Communications - - 1 (3%) 135M (19%)
Education - - 1 (3%) 87M (12%)
Agriculture - - 1 (3%) -
Construction - - 1 (3%) -
Consumer Products - - 1 (3%) -
Digital Media - - 1 (3%) -
Environmental - - 1 (3%) -
Food - - 1 (3%) -
Machinery - - 1 (3%) -
Media - - 1 (3%) -
Medical Products - - 1 (3%) -
Plastics - - 1 (3%) -
Software 1 (17%) - 1 (3%) -
Test/Measurement Equipment 1 (17%) - 1 (3%) -
Total 6 - 37 $712M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 4 (67%) - 18 (49%) -
  Maryland - - 3 (8%) -
  South Carolina 1 (17%) - 2 (5%) -
  Massachusetts 1 (17%) - 2 (5%) -
  Pennsylvania 1 (17%) - 1 (3%) -
  Minnesota 1 (17%) - 1 (3%) -
  Georgia - - 1 (3%) -
  Florida - - 1 (3%) -
  Colorado - - 1 (3%) -
  Utah - - 1 (3%) -
  Texas - - 1 (3%) -
  Ohio - - 1 (3%) -
  Missouri - - 1 (3%) -
  Kentucky - - 1 (3%) -
  Illinois - - 1 (3%) -
United Kingdom 1 (17%) - 10 (27%) 408M (65%)
France - - 5 (14%) 82M (13%)
Switzerland - - 2 (5%) 135M (22%)
Canada 1 (17%) - 1 (3%) -
  Ontario 1 (17%) - 1 (3%) -
Bermuda - - 1 (3%) -
Domestic 4 (67%) - 18 (49%) -
Cross-border 2 (33%) - 19 (51%) 626M (100%)
Total 6 - 37 $626M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 1 (17%) - 19 (51%) 462M (74%)
Divestiture 1 (17%) - 5 (14%) -
Secondary Buyout - - 4 (11%) 163M (26%)
Special Situations/Distressed 2 (33%) - 4 (11%) -
Add-on Acquisition 2 (33%) - 2 (5%) -
Acquisition Financing - - 1 (3%) -
Consolidation - - 1 (3%) -
Growth Capital - - 1 (3%) -
Total 6 - 37 $626M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 8 (33%) 458M (87%)
Trade Sale 7 (29%) 66M (13%)
Secondary Sale 3 (13%) -
Sold to Management 3 (13%) -
Unknown 2 (8%) -
IPO 1 (4%) -
Total 24 $524M

Deal Values

buy # Total
$100M to $1B 2 $265M
< $100M 7 $448M
TOTAL $712M
Largest IX Europe plc
$135M (1999-07-01)
sell # Total
$100M to $1B 2 $360M
< $100M 3 $164M
TOTAL $524M
Largest Cadum International SA
$260M (2012-04-27)

M&A Connections

Deals
Acquired from
Investor(s)
11%
4 (11%)
Strategic(s)
14%
5 (14%)
Exited to
Investor(s)
13%
3 (13%)
Strategic(s)
33%
8 (33%)

Investor Summary

Investor Type

Private Equity Firm

Size

Small

PE Assets

200M USD

Established

2003

Specialist/Generalist

Generalist

Leadership

Murry Gunty

Founder & Managing Partner

Robert Dragonette

CFO

Kevin Kuby

Managing Director

David Hartman

Principal

Patricia LaBorde

General Counsel

FAQ

When was Blackstreet Capital Management LLC founded?

Blackstreet Capital Management LLC was founded in 2003.

What type of investor is Blackstreet Capital Management LLC?

Blackstreet Capital Management LLC is a private equity firm.

Where is Blackstreet Capital Management LLC headquartered?

Blackstreet Capital Management LLC is headquartered in Chevy Chase, Maryland.

How much capital does Blackstreet Capital Management LLC have under management?

Blackstreet Capital Management LLC has 200M USD under management.

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