fbpx

Displaying items by tag: Blackford Capital

Sunday, 19 June 2022 18:28

MiBiz Growth Report: June 20, 2022

Here is the MiBiz Growth report for June 20, 2022

Published in Economic Development
Thursday, 16 June 2022 11:43

Blackford Capital sells Hudsonville construction equipment dealer amid recent exits

GRAND RAPIDS – Private equity firm Blackford Capital has sold Grand Equipment Co. in Hudsonville to Chicago-based investment firm Cognitive Capital Partners LLC.

Published in Finance
Sunday, 05 June 2022 18:18

People in the News: June 6, 2022

Here is the MiBiz People in the news report for June 6, 2022 

Published in Talent

Sunday, 24 April 2022 18:49

MiBiz Growth Report: April 25, 2022

Here is the MiBiz Growth Report for April 11, 2022.

Published in Economic Development
Wednesday, 13 April 2022 17:46

Tribally owned GLI takes full operating control of technology firm with new investment

GRAND RAPIDS — Gun Lake Investments assumed full operating control through a new investment in Dallas, Texas-based Hall Technologies LLC, a designer and producer of professional audio/visual systems. 

Published in Finance
Wednesday, 06 April 2022 13:01

Blackford Capital water sports portfolio company makes second recent add-on acquisition

Aqua-Leisure Recreation LLC, a portfolio company of Grand Rapids private equity firm Blackford Capital, acquired Longwood, Fla.-based INYO Pool Products LLC, a brand of swimming pool supply, repair and maintenance products.

Published in Manufacturing

Sunday, 27 February 2022 18:17

RoMan acquires Grand Haven manufacturer for $2M in court-approved sale

new owner looks to rebuild a Grand Haven-based electric transformer manufacturer that went into receivership five months ago after defaulting on loan agreements with Comerica Inc.

Published in Manufacturing
Tuesday, 02 November 2021 14:18

PE firm Blackford Capital adds to hospitality holdings with new acquisition

GRAND RAPIDS — Private equity firm Blackford Capital has added to its holdings in the hospitality sector with the acquisition of ID Collaborative Inc., a Greensboro, N.C.-based interior design firm.

Published in Finance
Sunday, 25 April 2021 16:10

Grand Rapids PE firm sees opportunity in hotel supplier

The COVID-19 pandemic that’s battered the hospitality industry generates an opportunity for Grand Rapids private equity firm Blackford Capital to grow a recently merged portfolio company.

Published in Finance

Sunday, 28 March 2021 11:05

MiBiz Growth Report: March 28, 2021

Here's the MiBiz Growth Report for March 28, 2021.

Published in Economic Development
Thursday, 18 March 2021 15:16

Blackford Capital completes merger of interior design companies

A Boston interior design, procurement and project management firm owned by Grand Rapids-based Blackford Capital completed a merger that led to the creation of a new company serving the North American hospitality market.

Published in Economic Development
Wednesday, 13 January 2021 11:11

Blackford Capital invests in Massachusetts-based water sports manufacturer

GRAND RAPIDS — Private equity firm Blackford Capital has invested in Aqua-Leisure Industries Inc.,  a maker of leisure products for water sports and recreation based in Avon, Mass.

Published in Manufacturing

Monday, 31 August 2020 11:22

MiBiz Growth Report: August 31, 2020

Here is the MiBiz growth report for August 31, 2020.

Published in Economic Development
Monday, 17 August 2020 11:25

Blackford Capital closes on Ellison Bakery sale

Grand Rapids-based private equity firm Blackford Capital has closed on the sale of Ellison Bakery, a maker of cookies and other baked goods that’s headquartered in Fort Wayne, Ind.

Published in Finance
Sunday, 12 April 2020 18:41

VC, PE firms steer companies through crisis

The COVID-19 pandemic that dismantled daily routines and hammered the economy has forced investors to pivot along with the companies they back financially.

Published in Finance

Sunday, 12 April 2020 10:14

MiBiz Growth Report: April 12, 2020

This is the MiBiz growth report for April 12, 2020.

Published in Economic Development
Monday, 06 April 2020 05:40

Grand Power receives $700K investment to support growth

GRAND HAVEN — A new investment from private equity owner Blackford Capital gives Grand Haven-based portfolio company Grand Power Systems Inc. capital needed to support growth.

Published in Finance
Friday, 27 December 2019 08:31

Blackford Capital invests in Cartridge World

GRAND RAPIDS — Private equity firm Blackford Capital Inc. purchased the U.S. brand licensing rights to Cartridge World, a franchised printing consumables brand. 

Published in Finance

Sunday, 06 January 2019 11:29

New PE firm to target small manufacturers in rural Michigan markets

small private equity firm started in Southern Michigan plans to invest in a niche area most investors ignore. In targeting small manufacturers in small towns and other rural markets across the state, Parma-based Fresh Water Ventures Fund LP seeks to acquire small businesses and maintain operations in their hometowns.

Published in Finance
Sunday, 25 November 2018 21:12

Blackford Capital taps into Southeast Michigan with new satellite office

GRAND RAPIDS — A new office in suburban Detroit gives Blackford Capital a market presence to scout for deals in the heart of the auto industry and center for American manufacturing. 

Published in Finance
Sunday, 11 November 2018 20:13

Blackford Capital sells Dickinson Press in first exit for Michigan Prosperity Fund

GRAND RAPIDS — Even when it first acquired Dickinson Press LLC more than three years ago, Blackford Capital saw Brainerd, Minn.-based CJK Group Inc. as a potential buyer.

Published in Finance

Friday, 28 September 2018 20:45

After participating in Blackford acquisition, Gun Lake Investments eyes more deals

Blackford Capital’s latest deal brought a new investment partner to the table: Gun Lake Investments, the economic development arm of the Gun Lake Tribe.

Published in Finance
Sunday, 18 February 2018 20:07

MiBiz Growth Report: Feb. 19, 2018

Here is the MiBiz Growth Report for Feb. 19, 2018: 

• M&A: Great Lakes Scrip Center Inc., a West Michigan-based provider of gift cards for fundraising, was acquired by Minneapolis, Minn.-based Bold Orange, a recently formed marketing firm. Over 23 years, Great Lakes Scrip Center has worked with more than 48,000 organizations to raise $680 million. The company last spring acquired The Manna Group in Palatine, Ill. and was the largest gift card company in the nation. Local operations at Great Lakes Scrip, which employs about 90 people, will continue “business as usual,” said Jill Whalen, vice president for retail operations.

Published in Breaking News
Sunday, 14 January 2018 19:25

In lawsuit, Blackford Capital platform company alleges seller misrepresented relationship with key customer ahead of 2016 acquisition

GRAND RAPIDS — The relationship between two companies involved in a 2016 acquisition appears to have soured, with both entities now pointing the finger at each other in federal court.

Published in Breaking News

Sunday, 24 December 2017 17:13

2018 Outlook: Martin Stein, Blackford Capital

Blackford Capital closed on three acquisitions in 2017 through its two private equity finds and sold two companies in what founder and Managing Director Martin Stein said were “phenomenal exits.” Blackford Capital owns 11 companies, nine through the Michigan Prosperity Fund and two through its National Growth Practice. Stein expects the U.S. economy in 2018 to remain in “pretty good” shape, driving growth in Blackford’s portfolio companies. He doesn’t see any downturn ahead for at least another two years.

Published in Economic Development
Sunday, 12 November 2017 16:04

MiBiz Growth Report: Nov. 13, 2017

Here is the MiBiz Growth Report for Nov. 13, 2017: 

• M&A: Wabash, Ind.-based Martin Yale Industries LLC, a portfolio company of Grand Rapids-based private equity firm LV2 Equity Partners LLC, acquired Dry-Lam LLC of Shawnee, Kan., according to a statement. The transaction marked the second bolt-on acquisition for Martin Yale, a manufacturer of print finishing, office and mailroom equipment. Dry-Lam is a distributor of laminating equipment and films to the office product and commercial print finishing industries. Terms of the deal were not disclosed, but Dry-Lam’s distribution center will be relocated to Martin Yale’s Indiana facility.

Published in Breaking News
Monday, 06 November 2017 08:49

Grand Rapids PE-backed firm acquires Tennessee book printing company

A portfolio company of private equity firm Blackford Capital bought its second firm in the book printing industry.

Published in Breaking News

Sunday, 15 October 2017 22:47

M&A Roundtable: Executives share bright outlook for the M&A market in West Michigan

The active mergers and acquisitions market shows no signs of slowing down for the foreseeable future. 

Published in M&A Award Profiles
Sunday, 15 October 2017 22:30

Stein’s ‘tenacity’ drives dealmaking for Blackford Capital

With three acquisitions and two exits under his belt in the last year and a half, Martin Stein continues to drive a steady pace of deal activity at Blackford Capital.

Published in M&A Award Profiles
Sunday, 03 September 2017 17:00

MiBiz Growth Report: Sept. 5, 2017

Here is the MiBiz Growth Report for Sept. 5, 2017.

• M&A: U.K.-based Playtech acquired the technology, intellectual property and certain customer assets of ACM Group, whose CEO, Muhammad Al-Amin Rasoul, and management team are based in Grand Rapids. Playtech, a supplier of online gaming software, is listed on the London Stock Exchange and has 5,000 employees in 17 countries. Grand Rapids investment banking firm Charter Capital Partners served as financial adviser for ACM Group, a business-to-business market maker, dealer and broker in London. The deal is expected to close in early September. Terms include an initial upfront payment of $5 million, two staged payments based on the EBITDA of 2017 and 2018, and contingent consideration based on 2019 EBITDA. The total consideration for the transaction is capped at $150 million.

Published in Breaking News

Page 1 of 2