Latest news with #BlackfordCapital
Yahoo
13-02-2025
- Business
- Yahoo
Blackford Capital Earns M&A Atlas Awards for U.S.A. Deal of the Year and Rising Star Dealmaker
Blackford Capital was also a finalist for Private Equity Firm of the Year award Americas M&A Atlas Awards Trophy Blackford Capital Team Members GRAND RAPIDS, Mich., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Blackford Capital ('Blackford'), a leading lower middle market private equity firm, announced today that it was awarded U.S.A. Deal of the Year at the 16th Annual Americas M&A Atlas Awards, hosted by Global M&A Network, LLC. Rishabh Mukherjee, CFA, Blackford's Vice President of Deals (T/IPP), was also honored as a 2024 America's Rising Star Dealmaker. The Americas M&A Atlas Awards, presented at a gala held on February 6, recognize the achievements of influential dealmakers and leaders, outstanding firms, and the best growth-delivering transactions of the year. Blackford Capital was also named a finalist for the Private Equity Firm of the Year award. Blackford received the U.S.A. Deal of the Year award for the acquisition of Industrial Molding Corporation by its portfolio company Davalor Mold Company, LLC ('Davalor') from NN, Inc. Industrial Molding Corporation, the first add-on to the Davalor platform, has expanded the company's breadth of capabilities and strengthened its leadership team, while also serving as a solid foundation for continued expansion and innovation. 'We are extremely honored to be recognized by Global M&A Network for our team's success in closing a strategically important deal for our portfolio, particularly in 2024's more competitive deal environment,' said Martin Stein, Blackford Capital's founder and managing director. 'I sincerely appreciate the hard work of everyone at Blackford who contributed to this accomplishment, and together we will look to build on our achievements from last year.' Mr. Mukherjee was also named a 2024 America's Rising Star Dealmakers by the Global M&A Network, which recognizes brilliant and exceptional young dealmakers for their achievements, dedication, and talents for closing value-creating transactions. Mr. Mukherjee has over seven years of experience in executing complex transactions, as well as a demonstrated ability to deliver projects on both the buy-side and sell-side by working closely with various stakeholders across the entire deal lifecycle. "Rishabh's recognition is truly well-earned," said Mr. Stein. "He has played an important role in the investment process at Blackford, and his ability to collaborate with stakeholders has brought a people-centered approach to dealmaking. This award is a testament to the impact he has had our firm, and we look forward to his future contributions.' For more information, and for a detailed list of all the Award winners for the 16th Americas M&A Atlas Awards and Rising Star Awards, please visit About Blackford Capital Founded in 2010, Blackford Capital is a private equity investment firm headquartered in Grand Rapids, Michigan. Blackford acquires, manages, and builds founder and family-owned, lower middle-market companies, with a focus on the manufacturing, industrial and distribution industries. Blackford has a track record of exceptional returns, a disciplined and relentless approach to value creation, and a focus on operational excellence and a compelling culture. In 2023 and 2024, Blackford Capital was named to Inc's list of Founder-Friendly Investors, was recognized by ACG Detroit with the 2023 M&A Dealmaker of the Year Award and awarded the 2023 Small Markets Deal of the Year award by both Buyouts Magazine and the Global M&A Network Atlas Awards. For more information, visit Media Contact: Lambert by LLYCJennifer Hurson (845) 729-3100jhurson@ Jackson Lin(646) 717-4593jlin@ Photos accompanying this announcement are available at: in to access your portfolio
Associated Press
29-01-2025
- Business
- Associated Press
Generational Group Sells Ace Controls, LLC to Blackford Capital, LLC
Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of Ace Controls, to Blackford Capital's Industrial Automation Platform, PACIV. The acquisition closed January 16, 2025. Located in Houston, Texas, Ace Controls is a trusted provider of custom industrial control panels founded in 2005 by Agmed Aguirre. With over 30 years of combined managerial experience, the company specializes in designing, manufacturing, and servicing reliable, cost-effective solutions for the water, wastewater, and oil and gas industries. These industries will be a strong complement to the PACIV platform's focus on healthcare and life science industries, and will expand PACIV's geographic reach to Texas. Serving manufacturers of process equipment such as pumps, compressors, and mixers, Ace Controls is committed to delivering world-class products and services with a 95% rate of repeat business. The company combines value-added services with expert technical support to meet clients' needs efficiently and effectively. Based in Grand Rapids, Michigan, Blackford Capital is a private equity firm specializing in majority buyout acquisitions. The firm focuses on founder- and family-owned businesses in the lower middle-market and growing middle-market sectors, particularly in the manufacturing, industrial and distribution industries. Founded in 2010, Blackford Capital takes a hands-on approach, offering structured board involvement in its portfolio companies. Blackford Capital targets investments in companies across the United States, with an emphasis on the Midwest, as well as select opportunities in Canada and Asia. Generational Group Executive Managing Director, M&A – Michael Goss, and his team led by Senior Vice President, M&A, Jacob Mangalath with the support of Vice President, M&A, Brennon Dunbar, successfully closed the deal. Senior Managing Director, Bill Kushnir and Senior M&A Advisor, Peter Stone established the initial relationship with Ace Controls. Generational Group, headquartered in Dallas, is a leading, award winning, full-service M&A advisory firm. With more than 300 professionals located throughout 15 offices in North America, the company helps business owners release their business' wealth by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management. 469-694-8764 SOURCE: Generational Group Copyright Business Wire 2025. PUB: 01/29/2025 03:35 PM/DISC: 01/29/2025 03:35 PM
Yahoo
27-01-2025
- Business
- Yahoo
Blackford Capital Acquires Ace Controls, Expanding PACIV, its Industrial Automation Platform
Ace Controls, an industrial control panel fabricator, expands the platform into the high-value water & wastewater markets, extends its geographic footprint to Houston, Texas, and marks the third add-on in just twelve months Ace Controls Office GRAND RAPIDS, Mich., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Blackford Capital ('Blackford'), a leading lower middle market private equity firm, announced today the acquisition of Ace Controls, a Houston, Texas-based company renowned for designing and building industrial control panels. This acquisition diversifies Blackford's Industrial Automation Platform, PACIV, to service a broader range of customers. Terms of the transaction are not being disclosed. Ace Controls is the third acquisition for the PACIV platform since its establishment in June 2023, following its add-on acquisitions of Data Science Automation in January 2024, and Eight12 Automation in May 2024. PACIV has already established a strong presence in the healthcare and life science industries, and the addition of Ace Controls brings a new focus on industrial applications in the water and wastewater industry, and also further expands the platform's control panel capabilities. Ace Controls has a 95% repeat business rate from its customers, who represent the equipment manufacturing, electrical contracting, and general contracting sectors. Martin Stein, Founder and Managing Director of Blackford Capital, said, 'Entering an additional highly regulated, strict tolerance end market with high entry barriers will enable PACIV to scale and diversify its business. Our PACIV platform thesis is to be a multi-dimensional industrial automation enterprise catering to life sciences, food and beverage, and water and wastewater companies.' Ace Controls President Agmed Aguirre founded the company in 2005 with a vision to serve the water and wastewater industries by building and distributing high-quality wholesale control panels designed with the end user in mind. Under his leadership over the past 20 years, Ace Controls has flourished, earning recognition as an industry leader. Agmed's wife Lindsey Aguirre joined the business in 2006, playing a crucial role in administration and bookkeeping, which has helped to build a solid foundation for the company. The entire management team and all employees will remain with the PACIV platform post-acquisition. 'We are excited to join the PACIV platform and are eager to gain access to new customers, receive additional services, and collaboratively achieve significant growth,' said Mr. Aguirre. Jeff Johnson, Managing Director and Chairman of the Board of PACIV, said, 'We welcome the Ace Controls team to PACIV, who impressed us with their strong culture of continuous improvement, dedication to cost control, and customer service. We believe that by expanding PACIV's control panel offerings we can achieve our 'one-stop' goal for the platform and create a truly synergistic portfolio company.' The platform is headquartered in San Juan, Puerto Rico with offices in Indiana, Pennsylvania, California, Ireland, and now Texas. Generational Group served as exclusive financial advisor and Lancaster | Helling served as legal advisor to Ace Controls. Varnum LLP served as legal advisor and RSM US LLP served as the financial and tax advisor to Blackford and PACIV. Mercantile Bank provided debt financing, and Rush Street Capital provided financing advisory services in support of the transaction. About Blackford Capital Founded in 2010, Blackford Capital is a private equity investment firm headquartered in Grand Rapids, Michigan. Blackford acquires, manages, and builds founder and family-owned, lower middle-market companies, with a focus on the manufacturing, industrial and distribution industries. Blackford has a track record of exceptional returns, a disciplined and relentless approach to value creation, and a focus on operational excellence and a compelling culture. In 2023 and 2024, Blackford Capital was named to Inc's list of Founder-Friendly Investors, was recognized by ACG Detroit with the 2023 M&A Dealmaker of the Year Award and awarded the 2023 Small Markets Deal of the Year award by both Buyouts Magazine and the Global M&A Network Atlas Awards. For more information, visit About Ace Controls Established in January 2005, Ace Controls leverages over 30 years of combined expertise in control panel design, fabrication, and integration to deliver reliable and cost-effective solutions. Serving the water and wastewater industries, as well as the oil and gas industries, Ace Controls caters to manufacturers of process equipment such as pumps, compressors, blowers, conveyors, mixers, and clarifiers, making Ace Controls a trusted partner in these critical sectors. Media Contact: Lambert by LLYCJennifer Hurson (845) 729-3100jhurson@ Jackson Lin(646) 717-4593jlin@ A photo accompanying this announcement is available at in to access your portfolio
