M&A Deal Summary

Cognitive Capital Partners Acquires Grand Equipment

On June 16, 2022, private equity firm Cognitive Capital Partners acquired distribution company Grand Equipment from Blackford Capital

Acquisition Highlights
  • This is Cognitive Capital Partners’ 1st transaction in the Distribution sector.
  • This is Cognitive Capital Partners’ 10th transaction in the United States.
  • This is Cognitive Capital Partners’ 1st transaction in Michigan.

M&A Deal Summary

Date 2022-06-16
Target Grand Equipment
Sector Distribution
Buyer(s) Cognitive Capital Partners
Sellers(s) Blackford Capital
Deal Type Secondary Buyout

Target

Grand Equipment

Hudsonville, Michigan, United States
Grand Equipment is a distributor of a broad line of construction equipment providing new and used sales, rental, service, and parts to a diversified customer base. Grand Equipment was founded in 2000 and is based in Hudsonville.

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Buyer(S) 1

Buyer

Cognitive Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Cognitive Capital Partners LLC is a private equity firm focused on investing in human, organizational and intellectual capital companies located in the US. The Firm seeks middle market companies with EBITDA of $3 to $15 million and invests up to $50 million per transaction (co-invests in the case of larger transactions). Specific areas of interest include professional and human services, marketing services, asset management, healthcare services, consumer product design, branding and manufacturing, insurance and financial services, predictive analytics, and security services. Cognitive Capital Partners LLC was formed in 2006 and is based in Chicago, Illinois.


DEAL STATS #
Overall 10 of 10
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Michigan) 1 of 1
Country (United States) 10 of 10
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-02 Gillette Generators

Elkhart, Indiana, United States

Gillette Generators is a Midwest-based manufacturer and supplier of premium standby backup and prime power generators for agricultural, commercial, industrial, and critical infrastructure end-users. Gillette Generators is based in Elkhart, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-12 Tower Engineering Professionals

Raleigh, North Carolina, United States

Tower Engineering Professionals is an operator of engineering services firm focused on serving the telecommunications industry. Tower Engineering Professionals' services include structural analysis, civil engineering, surveying; environmental, inspection, geotechnical, renewable energy, residential, commercial, plumbing, mechanical, and electrical, and structural modification and design. Tower Engineering Professionals was founded in 1997 and is based in Raleigh, North Carolina.

Sell -

Seller(S) 1

SELLER

Blackford Capital

Grand Rapids, Michigan, United States

Investor 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 16 of 18
Sector (Distribution) 2 of 2
Type (Secondary Buyout) 4 of 4
State (Michigan) 4 of 5
Country (United States) 15 of 17
Year (2022) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-13 Supplies Wholesalers

Reno, Nevada, United States

Supplies Wholesalers is a distributor of compatible imaging supplies and accessories, including laser printer toner cartridges, ink cartridges, toner, copier toner, ribbon, and thermal fax consumables. Supplies Wholesalers was founded in 2009 and is based in Reno, Nevada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-23 Quality Aluminum Products

Flat Rock, Michigan, United States

Quality Aluminum Products is a manufacturer of exterior aluminum building products for new construction and remodeling within the residential and light commercial construction markets. Quality Aluminum Products was founded in 1990 and is based in Flat Rock, Michigan.

Sell $54M