M&A Deal Summary

Blue Point Capital Partners Acquires Russell Hendrix

On September 2, 2015, private equity firm Blue Point Capital Partners acquired distribution company Russell Hendrix

Acquisition Highlights
  • This is Blue Point Capital Partners’ 2nd transaction in the Distribution sector.
  • This is Blue Point Capital Partners’ 2nd transaction in Canada.
  • This is Blue Point Capital Partners’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2015-09-02
Target Russell Hendrix
Sector Distribution
Buyer(s) Blue Point Capital Partners
Deal Type Recapitalization

Target

Russell Hendrix

Vancouver, British Columbia, Canada
Russell Hendrix is a distributor of foodservice equipment and supplies for the foodservice industry. Russell offers an assortment of equipment, supplies, parts, and services to more than 20,000 foodservice operators across the country, and serves the restaurant, institutional, government, education, healthcare, hospitality, and other foodservice markets. Russell Hendrix was founded in 1938 and is based in Vancouver, British Columbia.

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Buyer(S) 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 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 30 of 53
Sector (Distribution) 2 of 3
Type (Recapitalization) 9 of 16
State (British Columbia) 1 of 1
Country (Canada) 2 of 3
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-10 Area Wide Protective

North Canton, Ohio, United States

Area Wide Protective is a provider of professional traffic control design and execution services in support of utility infrastructure maintenance and construction activity. Area Wide Protective was founded in 1993 and is based in North Canton, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 Vetta

Columbus, Ohio, United States

Vetta is a designer and marketer of decorated and blank apparel and headwear to every major apparel retail and wholesale distribution channel. The Company provides blank and licensed products, including a number of collegiate brands, and offers over 60,000 SKUs consisting of a wide range of styles, colors, and sizes across apparel and headwear. Vetta is based in Columbus, Ohio.

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