Articles from Blue Sage Capital

All-State Industries, Inc. (“All-State”), a Des Moines, IA-based portfolio company of Blue Sage Capital (“Blue Sage”), is pleased to announce its acquisition of United Gasket Corp. (“United Gasket”). United Gasket is a leading manufacturer of custom non-metallic components, including adhesive-backed gaskets, felts, and other flexible parts. United Gasket and its subsidiary, Gaskoa, Inc., have a long-tenured history serving a diverse range of industries, including electronics, rail, non-engine auto, HVAC, pumps and lighting.

Blue Sage Capital (“Blue Sage”) is pleased to announce its recent investment in MHW, Ltd. (“MHW” or the “Company”). With over 30 years in its current form and ~90 years in the industry, we believe MHW has built a strong reputation as the leading outsourced licensed importation, distribution, compliance and logistics fulfillment service provider in the beverage alcohol industry (i.e., spirits, wine, and beer). Through its tech-enabled platform and mission-critical services, MHW helps its clients – growing beverage alcohol producers, including newly emerging, foreign, and domestic brand owners and brand agents – navigate the complex regulatory and compliance landscape in the United States and abroad. MHW allows emerging and established alcohol producers to access markets more efficiently and cost-effectively, while allowing producers to direct resources to formulation, branding, and sales & marketing.

Impact Property Solutions (“Impact”), a Dallas, TX-based portfolio company of Blue Sage Capital (“Blue Sage”), is proud to announce its acquisition of OneSource Flooring and Interiors (“OneSource”), an Arizona-based provider of flooring products and installation services to Multifamily and Commercial properties. OneSource, which opened its doors in 2007, covers the broader Phoenix market with a focus on Multifamily replacement flooring. Led by founder Brandon Haber and OneSource President Mazeratie Sweet, OneSource’s leadership will oversee Impact’s total Phoenix operations as of September 1, 2024, to include our existing operation formed out of the acquisition of Interior Concepts in August of 2023. Existing Impact customers and current OneSource customers will still interface with their current points of contact.

Blue Sage Capital is pleased to announce its recently completed investment in American Alloy (the “Company”). American Alloy is a metal component and sub-assembly manufacturing platform focused on serving OEM customers in the packaging, food & beverage, industrial automation, hard rock mining, and other general industrial markets. The Company has distinguished itself through its best-in-class quality, quick-turn fulfillment, stainless steel and segregated/clean room manufacturing expertise, and full-service fabrication and machining capabilities for low-to-medium volume parts. American Alloy has built a long-standing reputation for being a trusted manufacturing partner for its blue-chip customers and is well-positioned to continue to benefit from the secular growth in automation investment within all verticals of the manufacturing economy.

Blue Sage Capital is pleased to announce its recently completed investment in Geo-Solutions, Inc. Founded more than 40 years ago, Geo-Solutions provides highly complex geotechnical and environmental remediation services, primarily for the infrastructure, utilities, chemical, mining, and other industrial end-markets. The company is headquartered in New Kensington, PA, and has established itself as a market leader in soil mixing, slurry wall construction, and jet grouting. Over its lengthy history, Geo-Solutions has been an innovator of industry techniques and technologies, with an unprecedented resume of “first-of-its-kind” projects.

Blue Sage Capital (“Blue Sage”) is pleased to announce its recently completed investment in NexGen Financial (“NexGen” or the “Company”) in partnership with Four Point Capital Advisors (“Four Point”). Founded in 2018, NexGen provides flexible capital solutions to debt settlement companies. The cash infusions from NexGen allow debt settlement companies to finance customer acquisition costs and maintain operations without sacrificing growth goals. Further, NexGen’s deep understanding of the industry and flexible capital solution makes them a highly strategic partner to their customers. The investment from Blue Sage will serve as primary growth capital on NexGen’s balance sheet to accelerate growth.

Blue Sage Capital (“Blue Sage”) is pleased to announce its recently completed investment in Clearly Clean Products, LLC (“Clearly Clean” or the “Company”) in partnership with Insight Equity (“Insight”). Founded in 2007, Clearly Clean is an Orwigsburg, PA-based manufacturer of sustainable food packaging trays made from 100% recyclable polyethylene terephthalate (“PET”). PET is a clear, strong, and lightweight plastic with unique properties that make it suitable for a variety of applications. The Company offers an environmentally-friendly and recyclable tray option to grocers, food processors, and packaging distributors. Clearly Clean produces its trays using a first-of-its-kind, patented “rolled edge” thermoforming and manufacturing process. As a result, Clearly Clean’s trays have superior recyclability and durability relative to competitive packaging products while utilizing less material and providing a premium aesthetic.

Blue Sage Capital announced today that it closed on the sale of Magnum Systems, Inc to 3 Rivers Capital, based in Pittsburgh, Pennsylvania. Patriot Capital and SharpVue Capital participated in the transaction by providing debt and equity financing. Magnum designs and manufactures mission-critical, customized systems and engineered components for automated material handling and packaging solutions. These solutions are primarily used to handle and package a variety of dry bulk solid substrates across the industrial, food, agricultural, and chemical end markets. The company also provides ongoing parts, service, and maintenance for its large installed base of products. Magnum is based in Lenexa, Kansas, with two additional manufacturing and fabrication facilities in Parsons, Kansas. Blue Sage invested in Magnum in October 2016 in partnership with the management team.

2022 was a productive year for Blue Sage Capital.

Blue Sage Capital is pleased to announce its sale of Frontier Waste Solutions to a global investment group led by Concentric Equity Partners and Summer Street Capital Partners. Blue Sage helped create Frontier alongside founding CEO John Gustafson in 2017. Over the last six years, Blue Sage guided Frontier’s growth from its initial startup to one of the largest independent municipal solid waste collection companies in Texas and the United States. During Blue Sage’s ownership, Frontier grew its run-rate revenue by over 15x and its EBITDA (earnings before interest, taxes, depreciation, and amortization) by over 30x. Frontier continues to expand rapidly today by focusing on non-hazardous solid waste and recycling collection in numerous Texas communities stretching from Dallas-Fort Worth to Austin and San Antonio to Houston.

Blue Sage Capital (“Blue Sage”) is pleased to announce that All-State Industries, Inc. (“All-State”) acquired substantially all of the assets of dB Engineering, Inc. (“dB Engineering”), a Mansfield, Texas-based manufacturer of thermal, acoustic and vibration isolation components for OEMs throughout North America. Under the leadership of its owner, Mike Gibson, dB Engineering has built a strong expertise in the vibration and insulation arena, and All-State intends to further leverage these capabilities across its end markets and customers.

Blue Sage Capital (“Blue Sage”) announced today that it closed on the sale of Ligchine International Corporation (“Ligchine”) to RAF Industries, Inc, a Philadelphia, Pennsylvania-based long-term focused capital provider. Ligchine is a leading designer, manufacturer, and marketer of laser guided boom screeds used for placing concrete. The company’s equipment utilizes cutting-edge technology to automate the process of flat-finishing concrete, enabling best-in-class flatness and levelness. Ligchine’s product portfolio is comprised of a full line of high-performance boom operated screeds, a drive-in machine, and has a number of other products on the drawing board. Blue Sage invested in Ligchine in August 2018 through its partnership with Peter and Gary Ligman (Ligchine’s founders), Hanover Partners and Dave Ring, CEO.

Blue Sage Capital is pleased to announce its recently completed investment in Baker Manufacturing Company, LLC (“Baker” or the “Company”). Founded nearly 150 years ago and headquartered in Evansville, WI, Baker manufactures residential, industrial, municipal, and environmental water well equipment and accessories, as well as specialized rotary gear pumps and ductile and gray iron castings. Over a long arc of time, Baker has carved out a leadership position in several niche markets and established a portfolio of well-known products, including pioneering the pitless well adapter.

Blue Sage Capital (“Blue Sage”) announced today that it closed on the sale of Timber Automation, LLC (“Timber”) to USNR, a subsidiary of Wood Technologies International. Timber is a leading manufacturer and supplier of equipment and systems for the forest products and biomass industries. The company manufactures and supplies blue-chip customers and independent sawmills with custom engineered equipment and control systems that maximize lumber yield and reduce labor costs, as well as machinery for sawmill logyards, engineered wood products plants, pulp and paper plants, chip mills, and pellet mills. Blue Sage invested in Timber in August 2015 through its partnership with the company’s founders and management team.

Impact Property Solutions (“Impact”), a Dallas, TX-based portfolio company of Blue Sage Capital (“Blue Sage”), is proud to announce its acquisition of Multi Floors (“Multi”), a Raleigh, NC-based provider of flooring products and installation services to multifamily properties as well as retail refinishing and restoration services. Led by Brent Rice for over 20 years, Multi covers the broader Raleigh-Durham area and other tertiary cities in eastern North Carolina.

Impact Property Solutions (“Impact”), a Dallas, Texas-based portfolio company of Blue Sage Capital (“Blue Sage”) headquartered in Austin, Texas, is proud to announce its acquisition of Cutting Edge Carpet (“Cutting Edge”), a Florida-based provider of flooring products and installation services to multifamily properties and developers. Headquartered in Orlando with additional operations in Jacksonville, Gainesville, and the broader northeast corridor of Florida, Cutting Edge opened its doors in 1997 and continues to be led by founders Lance and Joan Smith, who will be staying on with Impact.

Blue Sage Capital (“Blue Sage”) announced today that it closed on the sale of Americo Manufacturing Co. (“Americo”) to Fibrix Filtration, a provider of high loft and pleat media filtration products. Americo is a manufacturer of specialty nonwoven products across a variety of industry verticals, including floor cleaning, roofing, filtration and other OEM applications. Americo also manufactures specialty matting products sold through OEM, Janitorial/Sanitation and promotional products channels. Blue Sage invested in Americo in December 2017 through its partnership with the founding Rones family, including CEO Lenny Shutzberg and President Richard Rones.

Blue Sage Capital (“Blue Sage”) is pleased to announce that an affiliate of All-State Industries, Inc. (“All-State”) acquired Allied Plastics, LLC (“Allied”), a Twin Lakes, Wisconsin-based thermoformed plastics manufacturer. Allied specializes in medium-to-heavy-gauge thermoformed plastic components for agriculture and heavy equipment OEMs, consumer products, and packaging/dunnage industries. Under the leadership of its founders, Tim Neal and Steve Wieder, Allied Plastics has grown to become one of the leading thermoformed plastics manufacturers within its markets due to its best-in-class design resources, vertically integrated extrusion capabilities, and product quality standards.

Blue Sage Capital is pleased to announce its recently completed investment in Cobra Legal Solutions (“Cobra”). Headquartered in Austin, Texas with an additional office in Chennai, India, Cobra is a leading provider of legal services including eDiscovery technology services, eDiscovery managed review, contracts management and legal research. Under the leadership of CEO Candice Corby, Cobra has more than tripled in size over the last three years.