Investment Summary

DeltaPoint Capital Management, Crofton Capital, Boston Harbor Capital Partners, HCAP Partners and Pine Street Capital Partners Exits CognitiveTPG

On October 1, 2020, Blue Edge Technology invested in technology hardware company CognitiveTPG from DeltaPoint Capital Management, Crofton Capital, Boston Harbor Capital Partners, HCAP Partners and Pine Street Capital Partners

Investment Highlights
  • This is Blue Edge Technology’s 1st transaction in the Technology Hardware sector.
  • This is Blue Edge Technology’s 1st transaction in the United States.
  • This is Blue Edge Technology’s 1st transaction in Illinois.

Investment Summary

Date 2020-10-01
Target CognitiveTPG
Sector Technology Hardware
Investor(s) Blue Edge Technology
Sellers(s) DeltaPoint Capital Management
Crofton Capital
Boston Harbor Capital Partners
HCAP Partners
Pine Street Capital Partners
Deal Type Add-on Acquisition

Target

CognitiveTPG

Chicago, Illinois, United States
CognitiveTPG is a provider of high-performance point-of-sale transaction and barcode printers to the retail, banking, self-service kiosk, healthcare, hospitality, automotive service, and manufacturing/ logistics sectors. CognitiveTPG is based in Chicago, Illinois.

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Investor(S) 1

Investor

Blue Edge Technology

Chicago, Illinois, United States

Category Company
Sector E-Commerce
DESCRIPTION

Blue Edge Technology is a distributor of online products. Blue Edge Technology is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 5

SELLER

DeltaPoint Capital Management

Rochester, New York, United States

Category Merchant Bank
Founded 1996
Size Small
Type Sector Agnostic
DESCRIPTION

DeltaPoint Capital Management is a private equity firm that targets investments in privately held New York based companies with at least $10 million in sales. Prospective transaction situations include management led buyouts, generational transitions, acquisition financings, recapitalizations, divestitures, and growth capital financings. DeltaPoint will consider investments in manufacturing, distribution, and specialized services. The Firm will not invest in retail, venture capital, early stage, or turnaround situations. DeltaPoint was formed in 1996 and is based in Rochester, New York.


DEAL STATS #
Overall 9 of 10
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 6
State: Illinois M&A 1 of 1
Country: United States M&A 9 of 10
Year: 2020 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-22 PACS Industries

Bethpage, New York, United States

PACS Industries is an independent manufacturer of medium-voltage metal-clad switchgear, Power and Control Center (PCC) buildings, and structural substations. PACS Industries was founded in 1972 and is based in Bethpage, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-25 SIGMA Data Insights

Rochester, New York, United States

SIGMA Data Insights is a data and analytics transformation solutions provider. SIGMA Data Insights was founded in 1985 and is based in Rochester, New York.

Sell -
DESCRIPTION

Crofton Capital LLC is a growth focused private equity firm that invests in and provides strategic resources to small and midsize businesses based primarily in the Northeast US. Crofton Capital looks for companies generating $1 to $10 million of EBITDA and revenues less than $100 million. Sectors of interest include business services, consumer products/services, distribution, e-commerce, manufacturing, software, and technology hardware. Crofton Capital was formed in 2009 and is based in Newton, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-14 Schylling

North Andover, Massachusetts, United States

Schylling is a toy and gift company known for its high-quality classic-style toys. The Company primarily sells into the specialty gift store distribution channel. The Company designs its own proprietary line of toys, designs toys for other brands under license agreements, and acts as a distributor for other toy companies via its unique distribution channel. Schylling was founded in 1975 and is based in North Andover, Massachusetts.

Buy -
DESCRIPTION

Boston Harbor Capital Partners is a private equity firm focused on buyouts, growth investments in, and recapitalizations of lower middle-market companies. The Firm targets profitable companies ($2 to $10 million of EBITDA) with up to $100 million of revenue. Industries of interest include consumer products/services, internet software, e-commerce, healthcare, tech-enabled manufacturing, business services, digital marketing, and distribution. Boston Harbor Capital Partners was formed in 2008 and is based in Boston.


DEAL STATS #
Overall 2 of 2
Sector: Technology Hardware M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Cambridge Sound Management

Waltham, Massachusetts, United States

Cambridge Sound Management, Inc. is a manufacturer of QtPro and Dynasound sound masking systems to help organizations across multiple industries protect speech privacy, reduce noise distractions, and fuel workplace productivity.

Sell -
SELLER

HCAP Partners

La Jolla, California, United States

Investor Investor Investor Investor Investor


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 27 of 36
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 14 of 19
State: Illinois M&A 1 of 1
Country: United States M&A 27 of 36
Year: 2020 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-05 ELB Learning

American Fork, Utah, United States

ELB Learning provides a complete suite of integrated training development and delivery tools, including the leading authoring tool Lectora and virtual reality course builder CenarioVR. Learning developers can utilize these tools together with an extensive library of professionally designed eLearning templates, game modules, and courses. ELB Learning was founded in 2009 and is based in American Fork, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 Confirm BioSciences

San Diego, California, United States

Confirm BioSciences is a provider of diagnostic testing and health & wellness solutions for both the corporate community and individual consumers. Confirm BioSciences was founded in 2008 and is headquartered in San Diego, California.

Sell -
SELLER

Pine Street Capital Partners

Albany, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2004
PE ASSETS 425M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Pine Street Capital Partners provides mezzanine capital to small and medium-sized private and public companies. PSCP will consider investments from $3 to $15 million in companies generating at least $10 million of sales. Target sectors include manufacturing, business services, consumer products, healthcare and media. PSCP prefers investments in the Northeast and Mid-Atlantic regions of the US, but will consider opportunities nationwide. Investment funds are typically used to support strategic acquisitions, growth, management and employee buyouts, and leveraged recapitalization. PSCP will not invest in the real estate, biotech and oil & gas industries. Pine Street Capital Partners was formed in 2004 and is based in Albany, New York.


DEAL STATS #
Overall 10 of 18
Sector: Technology Hardware M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 7
State: Illinois M&A 1 of 1
Country: United States M&A 10 of 18
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-18 Seattle Coffee Gear

Lynnwood, Washington, United States

Seattle Coffee Gear is a coffee equipment retailer supplying home-brewed, specialty coffee market with coffee equipment, whole bean coffee, and a wide range of coffee-related products and repair services. The Company features over 200 machine models, many exclusively, and a curated selection of fresh, whole bean coffee. Seattle Coffee Gear was formed in 2006 and is based in Lynnwood, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-11 Alexis Russell

Buffalo, New York, United States

Alexis Russell is a designer and manufacturer of non-traditional fine jewelry. These products are primarily sold online through the company’s website, which provides customers the ability to customize their purchases. Alexis Russell was founded in 2005 and is based in Buffalo, New York.

Buy -