Svoboda Capital Partners has made an equity investment in Blake and Pendleton, a provider of compressed air products. Svoboda Capital partnered with Allen King, CEO, and other members of Blake and Pendleton’s management team on this transaction.
Blake and Pendleton (B&P) supplies and services a range of equipment for the compressed air, pumping, heat transfer and mineral processing industries. The company also offers on-site and consultative technical services to industrial customers throughout the Southeast. The company was founded in 1971 and is headquartered in Macon, GA (www.blakeandpendleton.com).
“B&P is a regional market leader in the compressed air market, and Svoboda Capital is excited to partner with Allen and his talented management team to leverage our collective distribution and service experience,” said Rick Harpster, Principal at Svoboda Capital Partners. “We look forward to supporting the company’s plan to expand its service offering and geographic footprint.”
Svoboda Capital Partners has over $300 million of capital under management and invests from $10 million to $25 million in value-added distribution and business services companies that have revenues from $10 million to $100 million and EBITDAs from $3 million to $15 million. The firm was founded in 1998 and is based in Chicago (www.svoco.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-11-13