M&A Deal Summary

Blackford Capital and HCAP Partners Acquire Paciv

On June 5, 2023, private equity firm Blackford Capital and growth capital firm HCAP Partners acquired machinery company Paciv

Acquisition Highlights
  • This is Blackford Capital’s 1st and HCAP Partners’ 2nd transaction in the Machinery sector.
  • This is Blackford Capital’s 1st and HCAP Partners’ 1st transaction in Puerto Rico.

M&A Deal Summary

Date 2023-06-05
Target Paciv
Sector Machinery
Buyer(s) Blackford Capital
HCAP Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Paciv

San Juan, Puerto Rico
Paciv provide unparalleled control systems, instrumentation, and regulatory compliance services to the biotechnology, pharmaceutical, medical device, water / wastewater, food and beverage, energy, and other process industries in a cost-effective manner. Paciv was founded in 1997 and is based in San Juan, Puerto Rico.

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Buyer(S) 2

Buyer

Blackford Capital

Grand Rapids, Michigan, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

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.


DEAL STATS #
Overall 27 of 30
Sector: Machinery M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 16 of 19
Country: Puerto Rico M&A 1 of 1
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-30 Artificial Turf Supply

Carlsbad, California, United States

Artificial Turf Supply is a manufacturer-direct, wholesale, artificial turf & synthetic turf supplier for residential, commercial, playground & athletic turf applications. Artificial Turf Supply was formed in 2005 and is based in Carlsbad, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 LTD

San Diego, California, United States

LTD is a patio furniture e-commerce business and wholesale distributor that markets and sells middle-to-high-end furniture through wholesale/drop-shipping, a direct-to-consumer website, and a retail storefront. LTD is based in San Diego, California.

Buy -
Buyer

HCAP Partners

La Jolla, California, United States


Category Growth Capital Firm
Founded 2000
PE ASSETS 670M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Huntington Capital is a mezzanine finance firm that provides both debt and equity financing to established, lower middle-market companies throughout California and the Southwest US. The Firm targets growth companies with positive cash flow, diversified customers, defensible market positions, and experienced management. The Firm looks to invest $5 to $35 million in companies generating revenues of $10 to $100 million. Areas of interest include manufacturing, services, healthcare, software, homeland security, retail, and information technology. Prospective transaction situations include buyouts, acquisitions, recapitalizations, and growth capital financings. Huntington Capital was formed in 2000 and is based in San Diego, California.


DEAL STATS #
Overall 59 of 65
Sector: Machinery M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 11
Country: Puerto Rico M&A 1 of 1
Year: 2023 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-21 5th Kind

Los Angeles, California, United States

5th Kind is a developer of workflow management software that supports remote workflows, digital collaboration, and media/digital asset management needs. 5th Kind’s solutions are designed to maximize the potential of digital collaboration for enterprise-scale businesses and are used by the world’s most innovative entertainment companies and consumer brands. 5th Kind is based in Los Angeles, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-11 SES

United States

SES is a zero waste to landfill material processing and management company that works directly with its national customers to design, implement, and maintain processes to meet and exceed sustainability goals. SES was founded in 2017 and is based in United States.

Buy -