Blue Wolf Capital is a middle market private equity firm that invests in buyouts, recapitalizations and growth capital opportunities. Since its founding in 2005, to date the firm has raised over $2.5 billion in capital and invested in 32 platforms with 57 follow-on investments in industrial and healthcare companies. Blue Wolf focuses on making control investments and works collaboratively to improve returns through its operational and strategic experience and the integration of environmental, social and governance factors in its investment analysis. Blue Wolf manages challenging situations and complex relationships between business, customers, employees, unions, and regulators with the goal of building value for stakeholders.
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New platform would combine seven European sites acquired from Recipharm with additional facilities in agreed transaction for Synerlab
NEW YORK, September 25, 2024 – Blue Wolf Capital Partners LLC (“Blue Wolf”), a middle market private equity firm specializing in the industrial and healthcare sectors, announced that it has finalized the acquisition of seven European pharmaceutical manufacturing facilities from Recipharm, a leading contract development and manufacturing organization (“CDMO”).
The seven facilities acquired from Recipharm are Solna, Stängnäs, Höganäs, Karlskoga and Uppsala OTC Development in Sweden, Pessac in France, and Parets in Spain. With a focus on the production of oral solid, semi-solid, and liquid dosage form pharmaceutical products, these sites serve over 120 customers worldwide and have a strong track record of quality and regulatory compliance.
In addition, Blue Wolf has also agreed, subject to regulatory clearances, to acquire Synerlab, a CDMO headquartered in Strasbourg, France, with six operating facilities in France and Spain. Synerlab has expertise in manufacturing and development across multiple dosage forms, in addition to niche technical processes such as freeze drying and liquid sterile finished dosage forms.
The two transactions mark a significant step forward in helping advance Blue Wolf’s goal of building an industry-leading CDMO.
Blue Wolf also plans to name a new team of experienced pharmaceutical executives who will lead the proposed combined organization and serve on its board of directors. Bruce Vielle, Chief Executive Officer of Synerlab, is expected to serve as Chief Executive Officer of the future platform. He would be joined by:
• Chief Commercial Officer Peter Kruger, previously Chief Business Officer of the facilities Blue Wolf acquired from Recipharm;
• Chief Financial Officer Rich Fenton, previously CFO for the TFL Group and Norgren Europe;
• Chief Operating Officer Steve Leonard, previously Corporate Vice President of Global Operations and Supply Chain at Integra Life Sciences;
• Chief Strategy Officer Saurabh Singh, previously Vice President of Strategy & Business Development for Avet Pharmaceuticals and Director of M&A for AMRI; and
• Group Head of HR, Amy Mort, who previously served in a similar role for the facilities Blue Wolf acquired from Recipharm.
Two long-time CDMO industry executives with deep operational and commercial experience, William Marth and George Svokos, are expected to join the board of directors.
Mr. Marth is President and Chief Operating Officer of Resilience, a technology-focused biomanufacturing company. He was previously the CEO of AMRI (now known as Curia) and spent 14 years at Teva Pharmaceuticals, where he served as President and CEO of Teva Americas.
Mr. Svokos is President and CEO of Avet Pharmaceuticals. He previously served as Chief Operating Officer and Chief Commercial Officer at AMRI and spent more than 30 years in leadership roles at Teva across manufacturing, operations, sales and marketing, and business development.
“I am delighted and enthusiastic to bring the team from the seven Recipharm sites together with Synerlab to build a new CDMO platform,” said Bruce Vielle, Chief Executive Officer of Synerlab. “By honoring both cultures, we will create an even stronger and more exciting one to serve our customers and patients.”
The proposed combined platform, to be headquartered in the UK, would have a manufacturing and employee footprint diversified across major Western European geographies and would serve as the cornerstone of a new best-in-class CDMO. Blue Wolf will support further growth with the goal of expanding the proposed platform’s commercial reach to span across the entire European continent and beyond.
“The opportunity to acquire multi-site, full-service CDMO assets with a track record of delivering high-quality pharmaceutical manufacturing solutions is exciting, and we see significant growth potential in these facilities,” said Shashank Patel, Principal at Blue Wolf. “We look forward to working together with our new partners in Europe to build a best-in-class CDMO focused on delivering outstanding service and exceptional high quality pharmaceutical products to customers and patients worldwide.”
Blue Wolf expects to announce the new corporate name of this platform by the end of the year. Terms of the transaction were not disclosed. The Synerlab transaction is expected to close in Q4 2024, following regulatory approvals.
About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that focuses on value investments in middle market companies in the healthcare and industrial sectors. The firm’s integrated team of investment professionals and veteran operating executives work collaboratively to generate returns by driving transformational change using operational and strategic experience. Blue Wolf seeks to invest in businesses that have catalysts for value creation that involve organizational transformation, union or human capital issues, government presence, or the opportunity to use ESG-informed strategies. For additional information, please visit www.bluewolfcapital.com.
Contacts
Kate Spaziani
Director, Government Affairs and Communications, Blue Wolf Capital Partners
kate@bluewolfcapital.com
Sam Reinhardt
Vice President, Global Strategy Group
sreinhardt@globalstrategygroup.com
212-392-5270
Carpenter expands firm’s specialty in the industrials sector
NEW YORK, September 5, 2024 – Blue Wolf Capital Partners LLC (“Blue Wolf”), a middle market private equity firm specializing in the industrial and healthcare sectors, today announced that Mark Carpenter will be joining the firm as an operating partner focused on industrial investments. Most recently, he served as President and Chief Executive Officer of Dayton Superior Corporation (“Dayton Superior”), a leading provider of highly engineered accessories, chemicals, and forming solutions for concrete construction projects.
Mr. Carpenter will join Blue Wolf’s team of experienced operating partners who collaborate closely with the firm’s investment professionals and portfolio company management to provide operational expertise that supports transformation and growth across the portfolio.
“Mark brings operational depth and a track record of accomplishment to his new role as operating partner,” said Jeremy Kogler, Managing Partner at Blue Wolf Capital. “He is an industry veteran who has dedicated his entire career to manufacturing and distribution, and we are eager to welcome him to Blue Wolf.”
“After 25 years in the industrial and manufacturing sectors, I know what makes a strong team and an ideal investment partner, and Blue Wolf embodies both,” said Mr. Carpenter. “I look forward to building on the firm’s deep sector knowledge and track record of success building strong companies.”
Prior to joining Blue Wolf, Mr. Carpenter spent five years at Dayton Superior, where he transformed the company’s supply chain model, significantly grew sales, and developed a new distribution platform focused on engineered solutions and product bundles. Before that, he served as president of Forterra (formerly Hanson Building Products), a senior consultant at Collinson Grant, and a project manager at British American Tobacco.
Mr. Carpenter graduated from Brunel University in London with a B.S. in Engineering and received an M.B.A. from Henley Management College.
About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that focuses on value investments in middle market companies in the healthcare and industrial sectors. The firm’s integrated team of investment professionals and veteran operating executives work collaboratively to generate returns by driving transformational change using operational and strategic experience. Blue Wolf seeks to invest in businesses that have catalysts for value creation that involve organizational transformation, union or human capital issues, government presence, or the opportunity to use ESG-informed strategies. For additional information, please visit www.bluewolfcapital.com.
Contacts
Kate Spaziani
Director, Government Affairs and Communications, Blue Wolf Capital Partners
kate@bluewolfcapital.com
Sam Reinhardt
Vice President, Global Strategy Group
sreinhardt@globalstrategygroup.com
212-392-5270
Mike Musuraca announces retirement after more than a decade as Senior Advisor for ESG and Labor
NEW YORK, June 11, 2024 – Blue Wolf Capital Partners LLC (“Blue Wolf”), a middle market private equity firm specializing in the industrial and healthcare sectors, today announced that Steve Sleigh will be a Senior Advisor to the firm. Dr. Sleigh, through his firm Sleigh Strategy LLC, has provided advice to a variety of clients since 2015 on initiatives that align businesses, labor, and investors.
Dr. Sleigh’s new role with Blue Wolf follows the retirement of Mike Musuraca, the firm’s longtime Senior Advisor for ESG and Labor.
“Mike has been a trusted colleague and advisor to Blue Wolf since the firm’s founding almost twenty years ago,” said Adam Blumenthal, Chairman and Managing Partner at Blue Wolf. “His insightful approach to managing complex labor and pension issues has been critical to our growth and success. We are grateful for his many contributions to Blue Wolf and for his friendship to all of us, and we wish him a happy retirement.”
In his new role, Dr. Sleigh will build on the firm’s strong heritage of working with organized labor as a strategy to manage complexity and create value. He will advise the firm on new investments, provide strategic and operational counsel to Blue Wolf’s portfolio companies on labor issues, and help expand Blue Wolf’s partnerships with labor unions and institutional investors.
“Over his career, Steve has earned a reputation as a respected leader with deep experience bringing together labor, business, and investors like Blue Wolf to make transformational investments that build great companies and create good jobs,” said Jeremy Kogler, Managing Partner at Blue Wolf. “Having worked together previously on investment opportunities, we are delighted to welcome Steve and look forward to his contributions to the firm’s continued growth.”
“I’ve known Adam Blumenthal and the Blue Wolf team for over 30 years and have great respect for their distinctive investment approach and track record working with labor,” said Dr. Sleigh. “Blue Wolf is rooted in understanding how businesses, labor, and other stakeholders can work together to achieve growth and great results. I’m excited to be part of this terrific team and to help continue this strong legacy.”
Dr. Sleigh served as Fund Director for the International Association of Machinists and Aerospace Workers’ (“IAM’s”) multi-employer pension, savings, and health plans from 2011 to 2015. Prior to that, he was a principal with the Yucaipa Companies with responsibilities including fundraising, deal sourcing and diligence, and portfolio company governance. Dr. Sleigh also served as Director of Strategic Resources for IAM, Director of Research for the International Brotherhood of Teamsters, and Deputy Director for the Center for Labor Management Policy Studies at the City University of New York.
Dr. Sleigh has also served as co-chair of the Heartland Capital Strategy network for the past ten years and has been a longtime member and past president of the DC Labor and Employment Relations Association and previously served on the boards for Amalgamated Bank (NASDAQ: AMAL) and Americold Logistics (NYSE: COLD). He graduated with a B.A. from University of Massachusetts, Amherst and received a master’s degree in public administration from Harvard University’s Kennedy School of Government and a doctorate in sociology from the City University of New York.
About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that focuses on value investments in middle market companies in the healthcare and industrial sectors. The firm’s integrated team of investment professionals and veteran operating executives work collaboratively to generate returns by driving transformational change using operational and strategic experience. Blue Wolf seeks to invest in businesses that have catalysts for value creation that involve organizational transformation, union or human capital issues, government presence, or the opportunity to use ESG-informed strategies. For additional information, please visit www.bluewolfcapital.com.
Contacts
Kate Spaziani
Director, Government Affairs and Communications, Blue Wolf Capital Partners
kate@bluewolfcapital.com
Sam Reinhardt
Vice President, Global Strategy Group
sreinhardt@globalstrategygroup.com
212-392-5270
CHARLOTTE, N.C., June 6, 2024 /PRNewswire/ — Falfurrias Capital Partners (FCP), a private equity firm focused on growth-oriented, middle-market businesses, today announced its investment in EDGE Industrial Technologies (EDGE), a leading producer of industrial machine knives, blades, punches, and related equipment. EDGE’s brands – comprised of TGW International, Pearl Technologies, and Leverwood Knife Works – bring renowned expertise to various global markets, including packaging, food processing, converting, plastics, and printing.
EDGE was formed in 2018 by Blue Wolf Capital Partners LLC (Blue Wolf) to combine TGW International, TGW Global, and Pearl Technologies. In 2021, EDGE acquired Leverwood Knife Works and doubled the company’s previous production capacity. As EDGE undertakes a broadening range of customized industrial blade design projects, it remains committed to maintaining a tradition of excellence and prompt delivery to customers.
FCP’s investment in EDGE will bring new food expertise to the organization. Sauer Brands CEO William Lovette, Pepsico’s former EVP of Engineering and Supply Chain Bill Ladd, and FCP’s Chip Johnson and Ken Walker will join EDGE’s Board along with EDGE’s current CEO, Robert Woodbury. Blue Wolf will also maintain an investment in the company and Board representation, with Aakash Patel continuing to serve. FCP has appointed Josh Slagle to serve as CEO. Josh brings valuable experience to the EDGE team after leading the Nutrition and Health division for SPX Flow.
“I am honored to join the highly talented EDGE team,” said Josh Slagle. “As a driving force in the industry, EDGE has a long history of excellence in quality, technical expertise, and customer service. I am confident that we will build upon that legacy together and significantly expand EDGE’s presence with customers across food processing, packaging, and other served markets. With the combination of EDGE’s strong foundational capabilities and FCP’s added support, the road ahead for the organization is extremely promising.”
“Blue Wolf has been invested in EDGE’s success and has helped the company grow, expand, and deepen its capabilities over the last several years,” said Aakash Patel, EDGE board member and Partner at Blue Wolf. “Falfurrias Capital Partners has a wealth of experience that will be invaluable to the EDGE team, specifically in the food space, where the market continues to surge. With FCP’s partnership and a continued focus on growth and new resources, EDGE is well-positioned for success.”
“EDGE’s commitment to world-class quality, precision, and innovation makes it an optimal platform for growth,” said Ken Walker, Partner at FCP. “We look forward to reinforcing these capabilities and continuing their mission to provide industry-leading cutting solutions to a meaningful and growing customer base.”
About Falfurrias Capital Partners
Falfurrias Capital Partners is a Charlotte-based private equity investment firm founded in 2006 by Hugh McColl Jr., former chairman and CEO of Bank of America; Marc Oken, former CFO of Bank of America; and Managing Partner Ed McMahan. The firm has raised $2.2 billion across six funds and invests in growing, middle market businesses in sectors where the firm’s operational resources, relationships, and sector expertise can be employed to complement portfolio company executive teams in support of growth objectives. Falfurrias Capital Partners employs a proprietary, research-based process called “Industry First” to identify markets with durable growth trends, construct a thesis based on research findings, and partner with management teams and companies to create strategic value. For more information, visit www.falfurrias.com.
About EDGE Industrial Technologies
EDGE Industrial Technologies is comprised of three industry leading brands – TGW International, Pearl Technologies Inc., and Leverwood Knife Works. EDGE companies are leading producers of industrial machine knives and blades, industrial punches, and related equipment, for a variety of markets, including packaging, processing, converting, print, and general industrial applications. EDGE Industrial Technologies is a global leader in the manufacture of these products, with operations in North America, Europe, and Asia.
About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that focuses on value investments in middle market companies in the healthcare and industrial sectors. The firm’s integrated team of investment professionals and veteran operating executives work collaboratively to generate returns by driving transformational change using operational and strategic experience. Blue Wolf seeks to invest in businesses that have catalysts for value creation that involve organizational transformation, union or human capital issues, government presence, or the opportunity to use ESG-informed strategies. For additional information, please visit www.bluewolfcapital.com.
Contacts
Kate Spaziani
Director, Government Affairs and Communications, Blue Wolf Capital Partners
kate@bluewolfcapital.com
Sam Reinhardt
Vice President, Global Strategy Group
sreinhardt@globalstrategygroup.com
212-392-5270
NEW YORK, May 8, 2024 – Blue Wolf Capital Partners LLC (“Blue Wolf”), a middle market private equity firm specializing in the industrial and healthcare sectors, today announced that William MacColl has joined the firm as Director of Investor Relations. Prior to joining Blue Wolf, he served as Director of North America Investor Relations for IK Partners, a European private equity platform.
“Having known Will for more than twenty years, I am delighted to welcome him to the Blue Wolf team,” said Jeremy Kogler, Managing Partner at Blue Wolf. “His extensive expertise will help deepen and expand Blue Wolf’s partnerships and help us to communicate the value behind Blue Wolf’s investments.”
“Blue Wolf’s people, their approach towards building high performing companies in industries they know well, and their track record of providing stable, superior returns for investors make this an exciting firm to be part of,” said Mr. MacColl. “I look forward to joining this stellar team to help contribute to the firm’s continued growth.”
Mr. MacColl spent nearly four years as a Director in the Private Capital Advisory business at Lazard, where he focused on raising capital for private equity and other alternative assets. Before Lazard, he was a Vice President at Eaton Partners and has also held positions at Fulcrum Global Partners and Galatioto Sports Partners.
Mr. MacColl graduated from Princeton University with a B.A. in History and received an M.B.A. from Columbia Business School.
About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that focuses on value investments in middle market companies in the healthcare and industrial sectors. The firm’s integrated team of investment professionals and veteran operating executives work collaboratively to generate returns by driving transformational change using operational and strategic experience. Blue Wolf seeks to invest in businesses that have catalysts for value creation that involve organizational transformation, union or human capital issues, government presence, or the opportunity to use ESG-informed strategies. For additional information, please visit www.bluewolfcapital.com.
Contacts
Kate Spaziani
Director, Government Affairs and Communications, Blue Wolf Capital Partners
kate@bluewolfcapital.com
Sam Reinhardt
Vice President, Global Strategy Group
sreinhardt@globalstrategygroup.com
212-392-5270
Seven sites across Sweden, France and Spain to form new CDMO platform
April 2, 2024 – NEW YORK – Blue Wolf Capital Partners LLC (“Blue Wolf”), a middle market private equity firm specializing in the healthcare and industrial sectors, announced today that it has committed, subject to regulatory clearances, to acquire seven manufacturing and development facilities: Solna, Stängnäs, Höganäs, Karlskoga and Uppsala OTC Development in Sweden, Pessac in France, and Parets in Spain, from Recipharm, a contract development and manufacturing organization (“CDMO”) headquartered in Stockholm.
The seven facilities have been a part of Recipharm for over a decade and have focused on the manufacturing and development of oral solid, semi-solid and liquid dosage form pharmaceutical products. The facilities serve over 120 customers around the world and have a strong track record of quality and regulatory compliance. Together these sites are to form a new independent CDMO platform with continued focus on pharmaceutical manufacturing operating under a new corporate name to be announced after the transaction closes.
“Blue Wolf is excited for the opportunity to build a new CDMO platform with these seven European assets serving as a cornerstone,” said Shashank Patel, Principal at Blue Wolf. “Partnering with the leadership and teams at these seven facilities, we look forward to continuing to deliver world-class manufacturing capabilities and development services to our partners in order to provide the highest quality pharmaceuticals to patients around the world.”
Greg Behar, CEO, Recipharm said: “We are delighted that Blue Wolf has committed to acquire seven of our OSD sites, marking a significant step for both organizations. I am confident that Blue Wolf will continue to elevate service excellence and bolster the organization for the benefit of customers and patients. By consolidating our site network, we are sharpening our focus on New Chemical Entities (NCEs), medium to high potency drugs, and on-patent medications within the oral solid dosage sector. This strategic divestment aligns with our overarching vision to emerge as the premier choice CDMO for both our customers and patients. I extend my best wishes to all our colleagues embarking on this new journey at those seven sites.”
Terms of the agreement were not disclosed. The transaction is expected to close in Q4 2024, subject to customary regulatory approvals.
About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that focuses on value investments in middle market companies in the healthcare and industrial sectors. The firm’s integrated team of investment professionals and veteran operating executives work collaboratively to generate returns by driving transformational change using operational and strategic experience. Blue Wolf seeks to invest in businesses that have catalysts for value creation that involve organizational transformation, complex union or human capital issues, significant government presence, or the opportunity to use ESG-informed strategies. For additional information, please visit www.bluewolfcapital.com.
About Recipharm
Recipharm is a leading Contract Development and Manufacturing Organisation (CDMO) in the pharmaceutical industry employing over 7,400 employees. Recipharm offers manufacturing services of pharmaceuticals in various dosage forms, production of clinical trial material and APIs, pharmaceutical product development and development and manufacturing of medical devices. Recipharm manufactures several hundred different products to customers ranging from big pharma to smaller research and development companies. The company operates development and manufacturing facilities in France, Germany, India, Israel, Italy, Portugal, Spain, Sweden, the UK and the US and is headquartered in Stockholm, Sweden.
For more information on Recipharm and our services, please visit www.recipharm.com
Contacts
Kate Spaziani
Director, Government Affairs and Communications, Blue Wolf Capital Partners
kate@bluewolfcapital.com
Sam Reinhardt
Vice President, Global Strategy Group
sreinhardt@globalstrategygroup.com
212-392-5270
Guenaelle Holloway
Head of Communication,
Guenaelle.Holloway@Recipharm.com
New hire marks firm’s second operating partner focused on human capital
NEW YORK, March 26, 2024 – Blue Wolf Capital Partners LLC (“Blue Wolf”), a middle market private equity firm specializing in the industrial and healthcare sectors, today announced that Samantha Dwinell has joined the firm as an operating partner focusing on human capital.
Ms. Dwinell will serve as an advisor for organizational and talent development, supporting Blue Wolf’s investment team on people-centric performance and growth strategies and counseling the firm’s diversified portfolio on areas such as leadership effectiveness, employee experience, and workforce planning.
“Sam is a recognized leader and a champion for high-performing workplaces,” said Jeremy Kogler, managing partner at Blue Wolf Capital. “We place great emphasis at Blue Wolf on fostering and growing talent within our firm and across our portfolio. Sam’s expertise will be a great resource to us, and we are excited she has joined our team.”
Ms. Dwinell is Blue Wolf’s second operating partner specializing in human capital, reinforcing the firm’s strategy of developing strong talent and culture in each of the companies with whom it partners. Prior to joining Blue Wolf, Ms. Dwinell served as Chief People Officer for Stream Realty Partners, a commercial real estate company, and for Sevita, a private equity-backed home and community-based healthcare provider. Before that, she spent nearly 20 years with Texas Instruments.
“Blue Wolf’s strong focus on talent, employee engagement, and development is a hallmark of their investment and growth strategy,” said Ms. Dwinell. “I look forward to working with Blue Wolf and partnering with management teams to ensure our portfolio companies are top destinations for employees.”
Ms. Dwinell graduated from Miami University with a B.A. in Economics and Sociology and received an M.A. from Benedictine University in Management and Organization Behavior as well as an M.H.R.I.R. from the University of Illinois at Urbana-Champaign in Human Resources and Industrial Relations. In 2023, she received OnCon’s Top 50 CHRO Award.
About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that focuses on value investments in middle market companies in the healthcare and industrial sectors. The firm’s integrated team of investment professionals and veteran operating executives work collaboratively to generate returns by driving transformational change using operational and strategic experience. Blue Wolf seeks to invest in businesses that have catalysts for value creation that involve organizational transformation, union or human capital issues, government presence, or the opportunity to use ESG-informed strategies. For additional information, please visit www.bluewolfcapital.com.
Contacts
Kate Spaziani
Director, Government Affairs and Communications, Blue Wolf Capital Partners
kate@bluewolfcapital.com
Sam Reinhardt
Vice President, Global Strategy Group
sreinhardt@globalstrategygroup.com
212-392-5270
New addition broadens firm’s expertise in the healthcare sector
NEW YORK, March 11, 2024 – Blue Wolf Capital Partners LLC (“Blue Wolf”), a middle market private equity firm specializing in the industrial and healthcare sectors, today announced that David Hecht will be joining the firm as an operating partner specializing in healthcare investments. He most recently served as the chief financial officer and chief strategy officer at RHA Health Services (“RHA”), a leading healthcare services provider to individuals with intellectual and developmental disabilities and those with mental health challenges.
Mr. Hecht joins a roster of respected, seasoned operating partners at Blue Wolf who have deep experience in the healthcare and industrial sectors. In his new role, Mr. Hecht will advise the firm on new healthcare investments and provide strategic and operational counsel to Blue Wolf’s portfolio companies operating in the healthcare sector.
“David was a transformative member of the management team at RHA and will bring strategic thinking and creative problem-solving to his new role,” said Jeremy Kogler, Managing Partner at Blue Wolf Capital. “At Blue Wolf, we remain focused on building our outstanding, integrated team of veteran operating partners and investment professionals. The addition of a proven leader like David reflects our commitment to ensuring we have the operational expertise and sector knowledge necessary to navigate even the most complex issues affecting the industries in which we invest.”
“I am excited to join the talented team at Blue Wolf. Having worked closely with Blue Wolf for nearly five years, I have seen their ability to identify differentiated investments and to create value in their portfolio companies through operational excellence,” said Mr. Hecht. “The healthcare sector presents a wide range of opportunities to invest in businesses that improve health outcomes, deliver a better patient experience, and employ and grow a critical workforce. In pursuit of these goals, I look forward to collaborating with Blue Wolf’s investment team and portfolio company management in my new role.”
Prior to joining Blue Wolf, Mr. Hecht spent seven years at RHA Health Services. During his time there, Mr. Hecht led the company’s finance and capital markets function and helped drive the company’s expansion into multiple new markets, both through acquisition and organic growth. Prior to RHA, Mr. Hecht served as a senior vice president at Formation Capital, a vice president at Healthpro Heritage, and a management consultant at Oliver Wyman, among other roles.
Mr. Hecht graduated from Princeton University with an A.B. in Politics and received an M.B.A. from the Wharton School at the University of Pennsylvania with a concentration in Healthcare Management.
About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that focuses on value investments in middle market companies in the healthcare and industrial sectors. The firm’s integrated team of investment professionals and veteran operating executives work collaboratively to generate returns by driving transformational change using operational and strategic experience. Blue Wolf seeks to invest in businesses that have catalysts for value creation that involve organizational transformation, union or human capital issues, government presence, or the opportunity to use ESG-informed strategies. For additional information, please visit www.bluewolfcapital.com.
Contacts
Kate Spaziani
Director, Government Affairs and Communications, Blue Wolf Capital Partners
kate@bluewolfcapital.com
Sam Reinhardt
Vice President, Global Strategy Group
sreinhardt@globalstrategygroup.com
212-392-5270
Sean Pierce Named Chief Executive Officer
Transaction represents significant investment in North American marine and environmental sectors
January 9, 2024 – NEW YORK – Blue Wolf Capital Partners LLC (“Blue Wolf”), a middle market private equity firm specializing in the industrial and healthcare sectors, has completed its acquisition of Montreal-based LOGISTEC Corporation (“LOGISTEC” or “the company”).
As announced on October 16, 2023, Blue Wolf partnered with Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, to execute the approximately C$1.2 billion transaction. This transaction builds on Blue Wolf’s track record of successful investments in the industrial sector and demonstrates a commitment to North American industry.
“LOGISTEC has a well-earned reputation for operational excellence providing marine and environmental services across critical infrastructure and industrial markets,” said Bennet Grill, Partner at Blue Wolf and incoming Chairman at LOGISTEC. “We are excited to support LOGISTEC’s exceptional team providing safe, sustainable and creative solutions for their customers and invest in the company’s next phase of growth.”
Since its founding more than 70 years ago, LOGISTEC has expanded into a diversified corporation offering a range of marine and environmental services in the North American market. It currently operates in 60 ports and 90 terminals across the continent. Following this transaction, LOGISTEC’s headquarters will remain in Montreal.
“The closing of this transaction marks an exciting milestone in LOGISTEC’s trajectory,” said James Wyper, Senior Managing Director at Stonepeak. “We look forward to supporting LOGISTEC in partnership with Blue Wolf as the company continues to grow and provide specialized services to its diversified global customer base through its terminal operations.”
Sean Pierce Named Chief Executive Officer
Sean Pierce has been named chief executive officer (CEO) of LOGISTEC. Mr. Pierce brings a wealth of global industry expertise and strategic leadership that will further accelerate LOGISTEC’s growth and expansion. He will replace Madeleine Paquin, who announced today that she has stepped down from the role.
“Being asked to lead LOGISTEC is a great honor,” said Sean Pierce, CEO of LOGISTEC. “I am excited to join an organization with a strong dedication to its customers, employees and the communities in which we operate. I look forward to continuing this legacy and working with the entire team to lead the company to even greater things in the future.”
With over 35 years of experience in the marine sector, Mr. Pierce has held various senior executive roles and has a proven track record of driving organizational success. His deep understanding of the industry and commitment to innovation will be instrumental in leading LOGISTEC into its next phase of development, while continuing to contribute to the Quebec and Canadian economies.
“I am delighted to welcome Sean Pierce as LOGISTEC’s new CEO. His extensive experience and visionary direction will strengthen the company’s position as a critical provider of logistics and environmental solutions,” added Mr. Grill. “I also would like to recognize Madeleine Paquin for her outstanding leadership over the past three decades. Her dedication and contributions have made LOGISTEC a great company, and we look forward to building on her legacy.”
In connection with the acquisition, a new board of LOGISTEC also has been constituted, with representatives from Blue Wolf and Stonepeak joined by Jean-Jacques Ruest, former CEO of Canadian National Railway, and Michael Moore, former CEO of Global Container Terminals.
TD Securities Inc. acted as exclusive financial advisor to LOGISTEC and Blair Franklin Capital Partners Inc. acted as independent financial advisor to the company’s Special Committee. Rothschild & Co acted as exclusive financial advisor to Blue Wolf. Stikeman Elliott LLP acted as independent legal advisor to LOGISTEC’s Special Committee and Fasken Martineau DuMoulin LLP and K&L Gates LLP served as legal advisors to LOGISTEC. McCarthy Tétrault LLP and Willkie Farr & Gallagher LLP acted as legal advisors to Blue Wolf.
About LOGISTEC Corporation
LOGISTEC Corporation is based in Montréal (QC) and provides specialized services to the marine community and industrial companies in the areas of bulk, break-bulk and container cargo handling in 60 ports and 90 terminals located in North America. LOGISTEC also offers marine transportation services geared primarily to the Arctic coastal trade as well as marine agency services to shipowners and operators serving the Canadian market. Furthermore, the Corporation operates in the environmental industry where it provides services to industrial, municipal, and other governmental customers for the renewal of underground water mains, dredging, dewatering, contaminated soils and materials management, site remediation, risk assessment, and manufacturing of fluid transportation products.
About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that focuses on value investments in middle market companies in the healthcare and industrial sectors. The firm’s integrated team of investment professionals and veteran operating executives work collaboratively to generate returns by driving transformational change using operational and strategic experience. Blue Wolf seeks to invest in businesses that have catalysts for value creation that involve organizational transformation, complex union or human capital issues, significant government presence, or the opportunity to use ESG-informed strategies. For additional information, please visit www.bluewolfcapital.com.
About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $57.9 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak sponsors investment vehicles focused on private equity and credit. The firm provides capital, operational support, and committed partnership to grow investments in its target sectors, which include communications, energy and energy transition, transport and logistics, social infrastructure, and real estate. Stonepeak is headquartered in New York with offices in Hong Kong, Houston, London, Singapore, and Sydney. For more information, please visit www.stonepeak.com.
Media Contacts
Marie-Chantal Savoy
Vice President, Strategy and Communications
LOGISTEC Corporation
msavoy@logistec.com
Kate Spaziani
Director, Government Affairs and Communications
Blue Wolf Capital
kate@bluewolfcapital.com
Kate Beers/Maya Brounstein
Communications
Stonepeak
corporatecomms@stonepeak.com
January 4, 2024 – NEW YORK – – Blue Wolf Capital Partners LLC (“Blue Wolf” or “the firm”), a middle market private equity firm specializing in the healthcare and industrial sectors, today announced a number of promotions across the firm.
“I am delighted to share several well-earned promotions that recognize hard work and contributions in support of our firm,” said Jeremy Kogler, Managing Partner at Blue Wolf Capital. “The quality of our team at Blue Wolf is unparalleled, and we are proud of the unique contributions each of these individuals brings to our success.”
Bennet Grill Named Partner
Bennet Grill has been named Partner. Previously a Principal, Mr. Grill first joined Blue Wolf as an Associate in 2012 from the Mergers & Acquisitions group at Citi and rejoined the firm as a Vice President in 2017.
“Since joining Blue Wolf, Bennet has earned a reputation as a skilled investment professional who consistently creates value for our portfolio companies and investors,” added Mr. Kogler. “He is a reflection of both our culture and investment expertise and I look forward to his expanded leadership role and continued contributions to Blue Wolf’s growth.”
In addition to chairing Blue Wolf’s ESG Committee, Mr. Grill has been instrumental in some of the firm’s largest transactions in both its industrials and healthcare practices. He currently serves on the Board of Directors of Twin Rivers Paper Company, The State Group, Fox Rehabilitation and RHA Health Services.
“Blue Wolf has provided me with immense opportunities to grow professionally and become involved in great companies supporting the backbone of the economy,” said Mr. Grill. “It’s a privilege to work with such a passionate team that cares so deeply about supporting our portfolio companies for their long-term success. I look forward to what we’ll be able to achieve together in the future.”
Additional Promotions
In addition to Mr. Grill, Blue Wolf announced several other promotions, including:
About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that focuses on value investments in middle market companies in the healthcare and industrial sectors. The firm’s integrated team of investment professionals and veteran operating executives work collaboratively to generate returns by driving transformational change using operational and strategic experience. Blue Wolf seeks to invest in businesses that have catalysts for value creation that involve organizational transformation, complex union or human capital issues, significant government presence, or the opportunity to use ESG-informed strategies. For additional information, please visit www.bluewolfcapital.com.
Kate Spaziani
Director, Government Affairs and Communications, Blue Wolf Capital Partners
kate@bluewolfcapital.com
Sam Reinhardt
Vice President, Global Strategy Group
sreinhardt@globalstrategygroup.com
212-392-5270