Blue Point Capital Partners has acquired Spector & Co., a supplier of products to the promotional products industry.
Spector & Co. provides writing instruments, journals and other office related products that are used by advertisers and brands for gifts, new employee and customer appreciation packages, and event handouts. The company imports many of its products and also produces products at its 65,000 sq. ft. facility and headquarters in Montreal. Spector & Co. was founded in 1950 (www.spectorandco.com).
“We are excited about partnering with the Blue Point team,” said Rob Spector, CEO of Spector & Co. “Blue Point brings highly relevant experience and expertise needed as we pursue the next chapter of growth for the company.” Spector & Co. is interested in pursuing add-on opportunities in its core or near-adjacent promotional product categories.
“Spector & Co. is built on a longstanding tradition of excellence and a culture committed to serving its customers,” said Jeff Robich, a Principal with Blue Point. “Rob Spector and his team have created an industry leader in the promotional products category, and we look forward to a partnership that will support the company’s growth strategy.”
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).
“What really attracted us to Spector is the strong culture of the company, and their close ties to their customers and suppliers,” said Chip Chaikin, a Partner with Blue Point. “It is also a great fit for us. As first institutional capital, we see several attractive opportunities that align with our toolkit. The company has strong systems and management in place and is primed for tremendous growth.”
TD Bank provided debt to support Blue Point’s acquisition of Spector and Montreal-based Stikeman Elliott provided legal services. CIBC was the financial advisor to Spector & Co.
© 2018 Private Equity Professional | April 4, 2018