Displaying items by tag: Blackford Capital
GRAND RAPIDS — After purposely avoiding deals in the automotive industry, private equity firm Blackford Capital has shifted its strategy with the acquisition of a Southeast Michigan supplier.
Grand Transformers Inc. in Grand Haven acquired Warner, N.H.-based Warner Power, a designer and manufacturer of electrical transformers and power systems.
Quality Aluminum Products Inc. — a maker of siding, gutters, roof edging and other exterior products for the residential housing industry — became the seventh portfolio company for the Grand Rapids-based Blackford Capital’s Michigan Prosperity Fund.
If you want to sell your business this year, you still have a pretty good chance of cutting a favorable deal as the seller’s market continues.
Blackford Capital plans to spend 2016 raising money for a new private equity fund that will seek to build off the success of its first fund and invest in Michigan-based companies.