Blue Point Capital Partners has acquired SASE Company, a manufacturer and supplier of equipment and consumables used in the concrete polishing industry.
SASE Company’s portfolio of products includes grinding machines, vacuums, diamond tooling, abrasives and other related products. The company was founded in 1985 and has facilities in Rockford, TN (headquarters) and Kent, WA (www.sasecompany.com).
The buy of SASE is the eighth platform investment for Blue Point’s third fund which closed in November 2014 at the hard cap of $425 million.
“The acquisition of SASE represents an excellent opportunity to partner with a local company with a strong management team, and acquire a growing business in an attractive industry,” said Mark Morris, a Partner with Blue Point. “The business fits well with Blue Point’s strategy of partnering with an experienced management team as first institutional investor and where we see ample opportunity for Blue Point to be a value-add partner.”
Blue Point Capital Partners is a lower middle market private equity firm that invests in manufacturing, distribution and service businesses that have from $20 million to $200 million in revenue and EBITDA greater than $5 million. The firm has over $800 million in committed capital and has offices in Cleveland, Charlotte, Seattle, and Shanghai (www.bluepointcapital.com).
“Partnering with SASE, a company with a long history of successfully serving its many customers, a very talented team and exciting growth opportunities, is a perfect fit with Blue Point’s portfolio and initiatives,” said Charley Geiger, a Principal with Blue Point.
“The SASE management team is excited to partner with Blue Point as we strengthen our leading market position and continue to aggressively pursue opportunities for growth in all facets of our business,” said Jim Weder, President of SASE. “Blue Point’s value-added capabilities, deep experience with manufacturing and distribution companies, and strategic and operational resources make them an ideal partner for us.”
© 2017 Private Equity Professional | August 25, 2017
