M&A Deal Summary

Blue Sea Capital Acquires MicroCare

On August 13, 2025, private equity firm Blue Sea Capital acquired chemicals company MicroCare from Heartwood Partners

Acquisition Highlights
  • This is Blue Sea Capital’s 1st transaction in the Chemicals sector.
  • This is Blue Sea Capital’s 19th transaction in the United States.
  • This is Blue Sea Capital’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2025-08-13
Target MicroCare
Sector Chemicals
Buyer(s) Blue Sea Capital
Sellers(s) Heartwood Partners
Deal Type Secondary Buyout

Target

MicroCare

New Britain, Connecticut, United States
MicroCare developes and manufactures cleaning fluids and related packaging and dispensing solutions for the electronics, fiber optics, medical and precision cleaning markets. MicroCare was founded in 1983 and is based in New Britain, Connecticut.

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Buyer(S) 1

Buyer

Blue Sea Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 327M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Sea Capital is a private equity firm focused on majority investments in middle-market aerospace, defense, healthcare, and industrial companies. Blue Sea will consider opportunities throughout North America with a focus on businesses with differentiated products/services. The Firm can commit up to $150 million in transactions valued up to $300 million. Blue Sea Capital was formed in 2013 and is based in West Palm Beach, Florida.


DEAL STATS #
Overall 19 of 19
Sector: Chemicals M&A 1 of 1
Type: Secondary Buyout M&A Deals 7 of 7
State: Connecticut M&A 1 of 1
Country: United States M&A 19 of 19
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-05 Sunvair

Valencia, California, United States

Sunvair is an independent MRO services provider specializing in landing gear overhauls and component repairs for commercial and military aircraft. Sunvair was formed in 1956 and is headquartered in Valencia, California.

Sell -

Seller(S) 1

SELLER

Heartwood Partners

Norwalk, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Heartwood Partners is a private equity firm focused on partnerships with middle-market companies across the US. The Firm prefers to invest in family owned and managed companies where it can leverage strategic resources for long-term growth. Target companies are typically profitable with $5 to $30 million of EBITDA with up to $400 million in revenue. Sectors of interest include agriculture, automotive, consumer products, distribution, food, industrial services, niche manufacturing, packaging, and chemicals. Heartwood Partners was formed in 1982 and is headquartered in Norwalk, Connecticut.


DEAL STATS #
Overall 23 of 23
Sector: Chemicals M&A 2 of 2
Type: Secondary Buyout M&A Deals 11 of 11
State: Connecticut M&A 1 of 1
Country: United States M&A 23 of 23
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-07 M&Q Packaging

Schuylkill Haven, Pennsylvania, United States

M&Q Packaging is a manufacturer of high-temperature, ovenable packaging used in food service, food processing, medical, and industrial markets. Its products include proprietary Pansaver food preparation products as well as engineered meat processing packaging, cleanroom packaging, vacuum bagging films, sterilization packaging, and solvent recovery bags. M&Q Packaging is based in Schuylkill Haven, Pennsylvania.

Sell -