Displaying items by tag: Blackford Capital

Here is the MiBiz Growth Report for Oct. 17, 2016: 
• M&A: Grand Rapids-based Ranir LLC, a manufacturer of a variety of oral care products, has acquired Toronto-based BrushPoint, a maker of toothbrushes. In the deal, for which terms were not disclosed, Ranir will increase its product offerings and distribution footprint in the U.S., Canada and Europe. The BrushPoint acquisition comes on the heels of a deal in July of this year in which Ranir purchased the Rembrandt teeth-whitening brand from Johnson & Johnson Consumer Inc. Last month, the company also said it had purchased the 200,000-square-foot facility at 4701 East Paris Ave. SE where it had been a tenant for 20 years.

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.