Secondary Buyout • Business Services

Blue Point Capital Partners Acquires Pinnacle

On October 16, 2024, private equity firm Blue Point Capital Partners acquired business services company Pinnacle from The Firmament Group

Acquisition Context
  • This is Blue Point Capital Partners’ 7th transaction in the Business Services sector.
  • This is Blue Point Capital Partners’ 49th transaction in the United States.
  • This is Blue Point Capital Partners’ 2nd transaction in Michigan.

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M&A Deal Summary

Date October 16, 2024
Target Pinnacle
Sector Business Services
Buyer(s) Blue Point Capital Partners
Sellers(s) The Firmament Group
Deal Type Secondary Buyout

Target Company

Pinnacle

Clair Shores, Michigan, United States
Pinnacle is a provider of mechanical contracting services, including HVAC, plumbing and insulation, in the Midwest. The Company is focused on serving primarily commercial customers with projects ranging from annual equipment tune-ups to whole facility retrofits. Pinnacle is based in Clair Shores, Michigan.
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Buyer Overview 1

Buyer

Blue Point Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 1.9B USD
Size Large
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 $5 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 Context for Buyer #
Overall 53 of 54
Sector: Business Services 7 of 7
Type: Secondary Buyout 12 of 12
State: Michigan 2 of 2
Country: United States 49 of 50
Year: 2024 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-21 National Safety Apparel

Cleveland, Ohio, United States

National Safety Apparel manufactures protective apparel for industrial safety workers. Using the latest fabrics and technologies, NSA regularly introduces new and innovative products to enhance the safety apparel experience for workers. National Safety Apparel was formed in 1935 and is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-18 Sylvan

Southfield, Michigan, United States

Sylvan is a provider of industrial pipe installation and fabrication, millwright and rigging, electrical, boiler, and turbine contracting services. Sylvan was founded in 1956 and is based in Southfield, Michigan.

Sell -

Seller Profile 1

DESCRIPTION

The Firmament Group is a family backed investment firm focused on providing equity and debt capital to small and medium-sized companies. Funds are generally used to finance leveraged buyouts, complete recapitalizations or restructurings, provide liquidity for organic growth, or finance add-on acquisitions. The Firmament Group was established in 2012 and is headquartered in New York City.


Deal Context for Seller #
Overall 7 of 7
Sector: Business Services 3 of 3
Type: Secondary Buyout 5 of 5
State: Michigan 1 of 1
Country: United States 7 of 7
Year: 2024 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-31 AAG

Michigan, United States

AAG manufactures and distributes consumable and reference materials to the atomic spectroscopy industry, with offices across the US and the UK, the Company provides customers across the globe with one of the broadest product suites in the atomic spectroscopy industry. AAG founded in the year 2015 and based in Michigan,USA.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-05 Early Bird Education Group

United States

Early Bird Education Group operates a network of early childhood education and childcare centers across the United States, providing programs that support children’s social, emotional, physical, and academic development in safe and nurturing environments. The Company partners with locally branded preschools and childcare centers to maintain individualized identities while offering operational support and shared educational standards. Early Bird was founded in 2021 and serves families and educators by managing and growing community-based early learning programs.

Buy -