M&A Deal Summary

Innoveyance Acquires C&M Conveyor

On June 4, 2018, Innoveyance acquired machinery company C&M Conveyor from Blue Sage Capital

Acquisition Highlights
  • This is Innoveyance’s 1st transaction in the Machinery sector.
  • This is Innoveyance’s 1st transaction in the United States.
  • This is Innoveyance’s 1st transaction in Indiana.

M&A Deal Summary
Date 2018-06-04
Target C&M Conveyor
Sector Machinery
Buyer(s) Innoveyance
Sellers(s) Blue Sage Capital
Deal Type Merger

Target

C&M Conveyor

Bloomington, Indiana, United States
C&M Conveyor is a manufacturer and supplier of material handling systems to the corrugated sheet and container industry. C&M Conveyor was founded in 1982 and is based in Bloomington, Indiana.

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Buyer(S) 1

Buyer

Innoveyance

Cleveland, Ohio, United States
Category Company
Founded 2018
Sector Machinery
DESCRIPTION

Innoveyance provides conveyor, scrap handling, and filtration systems for sophisticated industrial applications. The company sells roller and pneumatic solutions to blue-chip customers in corrugated paper, beverage cans, fulfillment centers, and other industrial applications. Innoveyance was formed in 2018 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 1 of 2
Sector (Machinery) 1 of 2
Type (Merger) 1 of 2
State (Indiana) 1 of 1
Country (United States) 1 of 2
Year (2018) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-21 Ohio Blow Pipe

Cleveland, Ohio, United States

Ohio Blow Pipe Co. is a provider in the design, fabrication and installation of pneumatic material handling and dust & oil mist collection systems for a variety of industries including corrugated paper, folding box, and food & beverage can manufacturing among others. Ohio Blow Pipe Co. was founded in 1932 and is based in Cleveland, Ohio.

Buy -

Seller(S) 1

SELLER

Blue Sage Capital

Austin, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Sage Capital is a private investment firm that invests in lower middle-market companies that have the potential to become market leaders. Target businesses typically generate sales of $20 to $125 million and are valued up to $125 million. Blue Sage is a generalist firm with broad industry interest. Target sectors include industrial, distribution, service, healthcare, manufacturing, energy and media. Blue Sage geographically prefers companies located in Texas and the Southwest US. Blue Sage will not invest in banks, life insurance companies, oil and gas exploration and development projects, real estate development or companies located outside of the United States. Blue Sage was formed in 2003 and is based in Austin, Texas.

DEAL STATS #
Overall 12 of 22
Sector (Machinery) 3 of 5
Type (Merger) 2 of 2
State (Indiana) 1 of 1
Country (United States) 11 of 21
Year (2018) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-31 Americo

Acworth, Georgia, United States

Americo is a manufacturer of nonwoven abrasives, vinyl-backed entrance mats, and an assortment of restroom care products. Americo's main markets are distributors of industrial cleaning and maintenance supplies and retail outlets. Americo was founded in 1969 and is based in Acworth, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-11 Marine Accessories

Maryville, Tennessee, United States

Marine Accessories Corp. is a manufacturer, distributor and aftermarket supplier of custom tower and canvas products and other related accessories to OEMs, dealers, retailers and distributors, as well as direct to consumers within the marine market. MAC is headquartered in Maryville, Tennessee and has eight manufacturing and distribution facilities located primarily in the U.S.

Sell -
Mergr

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