Author Archives: Maureen Boxer

Jun 16, 2023

Blue Wolf Capital Partners Donates $27,000 to Monette, Arkansas Storm Shelters

June 08, 2023 – MONETTE, Ark. – Blue Wolf Capital Partners, LLC (“Blue Wolf”) announced today its commitment to support the community of Monette, Arkansas, with a donation of $27,000 to the City of Monette Community Relief Fund. On Friday, December 10, 2021, Monette was struck by a devastating EF4 tornado. The community created the fund to help with immediate support and improved community safety.

The donation from Blue Wolf will be used to support the installation and maintenance of storm shelters in the area, helping to keep the community safe in the event of future natural disasters. This funding comes at a critical time, as Monette and the surrounding areas continue to recover from the storm’s impact.

“Blue Wolf is honored to support the people of Monette in their ongoing efforts to rebuild and recover from the tornado,” said Jeremy Kogler, managing partner at Blue Wolf. “We believe in giving back to the communities where we live and work, and we are proud to support the City of Monette Community Relief Fund in their efforts to provide vital resources to those in need.”

The City of Monette Community Relief Fund has been instrumental in providing support and resources to local residents and businesses affected by the storm, and Blue Wolf’s donation will help to ensure that the community has the resources it needs to protect its citizens if another storm comes.

“I would like to extend our most sincere and heartfelt gratitude to Blue Wolf Capital Partners for their generous donation of $27,000 to assist with the costs of installing new storm shelters within our city limits. Our hometown and our citizens were changed forever on December 10, 2021,” said the city of Monette Mayor Bob Blankenship. “Homes and businesses were destroyed, and lives were lost. Recovery has been a long and difficult road for us all. We have been immensely blessed with many helpers along the way. This monetary donation from Blue Wolf Capital Partners will ensure that all of our residents will have a nearby safe place to go in the event of another destructive storm. We thank you for your generosity and continued commitment to our hometown.”

Blue Wolf acquired Colson Group in February 2021, including its manufacturing facility in Jonesboro, Arkansas. In 2022, Colson built a new, 135,000 square foot facility on a 25-acre site located in Northeast Arkansas’s newest industrial park. Colson has 170 employees at its Jonesboro and Monette locations. Blue Wolf’s investments in Arkansas also include Caddo River Forests Products, Twin Rivers Paper Company, Conifex, and Carthage Forest Products.

About Blue Wolf Capital Partners

Blue Wolf 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 or regulatory presence, financial or operational distress or the opportunity to use ESG-informed strategies.

For more information on Blue Wolf, visit their website at www.bluewolfcapital.com.

Contacts
Kate Spaziani
kate@bluewolfcapital.com

Feb 8, 2023

Blue Wolf Capital Acquires Sterling Site Access Solutions

February 08, 2023 – NEW YORK – Blue Wolf Capital Partners (“Blue Wolf”), a New York-based private equity firm, announced today that it has acquired Sterling Site Access Solutions (“Sterling” or the “Company”), a leading, vertically-integrated provider of temporary ground protection and site access services.

Founded in 1949, Sterling is one of the largest providers of mission critical site access solutions in North America. The Company offers a comprehensive suite of products and services including site planning and design, mat rentals and sales, site preparation, mat installation, and final mat removal and site restoration. Sterling operates through two manufacturing facilities in Phoenix, Illinois and Lufkin, Texas, as well as distribution yards across the U.S. Midwest, South and Northeast. The Company serves blue-chip customers in the power transmission and distribution, civil infrastructure, and energy sectors.

“As a leader in the growing market for site access solutions, Sterling has earned a reputation for quality and reliability,” said Aakash Patel, Partner at Blue Wolf Capital. “With its turnkey products and services and industry-leading production capacity, the Company is uniquely positioned to support critical infrastructure projects across North America. We are very excited to partner with Sterling to expand upon the Company’s capabilities and accelerate growth over the next several years.”

“We are pleased to be partnering with Blue Wolf to build on Sterling’s long history of innovative solutions and outstanding customer service,” said Carter Sterling, CEO of Sterling. “Since my family started this business more than 70 years ago, we have grown into an industry leader that provides safe, efficient, environmentally friendly jobsite solutions to our customers. As we enter this next phase of our journey, Sterling will benefit from Blue Wolf’s deep bench of investment and operating professionals and significant industry experience.”

“Sterling is a great fit for Blue Wolf’s portfolio,” said James Shovlin, Principal at Blue Wolf Capital. “Through our industrial sector expertise, we have a deep understanding of Sterling’s supply chain and end markets. We see a significant opportunity to collaborate with Carter and the Sterling leadership team to drive value creation through commercial and operational enhancements.”

Terms of the transaction were not disclosed.

About Sterling Site Access Solutions

Sterling is a leading North American site access contractor providing ground protection products and turnkey access solutions, including site planning & design, mat rentals & sales, site preparation, mat installation, and final mat removal & site restoration. Sterling serves a blue-chip customer base, including asset owners and general contractors in the power transmission & distribution, civil infrastructure, and energy end markets, helping them protect the environment and ensure workers’ safety on their jobsites. Sterling is committed to engineering innovative new products and services for the North American ground protection industry. For additional information, please visit Sterling’s website at https://www.sterlingsolutions.com/.

About Blue Wolf Capital

Blue Wolf Capital is a private equity firm that invests in buyouts, recapitalizations, and growth capital opportunities in middle market companies. The firm focuses on making control investments and works collaboratively to generate returns through operational and strategic experience. Blue Wolf manages challenging situations and complex relationships between business, customers, employees, unions, and regulators with the goal of building value for stakeholders. For additional information, please visit www.bluewolfcapital.com.

Contacts
Kate Spaziani
kate@bluewolfcapital.com

Joele Frank, Wilkinson Brimmer Katcher
Steve Frankel / Ed Trissel / Arielle Rothstein
212.355.4449

Jan 3, 2023

Blue Wolf Announces Promotions

January 03, 2023 – NEW YORK – Blue Wolf Capital Partners LLC (“Blue Wolf”), a New York-based private equity firm, today named Natalie Marjancik as a Partner of the firm, announced the promotions of James Shovlin to Principal and David Meyers and Jordan Fong to Senior Associate and expanded Kate Spaziani’s role to Director of Government Affairs and Communications.

“We are delighted to welcome Natalie as our newest Partner and to recognize the significant value she brings to the firm and its portfolio companies,” said Jeremy Kogler, Managing Partner at Blue Wolf. “We also are pleased to extend well-deserved promotions and role expansions to four team members, James, Kate, David and Jordan. Over the past year, thanks to our team’s collective experience, market knowledge and core competencies, Blue Wolf has successfully navigated a challenging global environment. We are proud of our performance and look forward to continued success.”

“I am honored to take on this expanded role and join Blue Wolf’s talented, long-standing group of partners,” said Ms. Marjancik. “Since first becoming acquainted with Blue Wolf nearly a decade ago, I’ve been impressed by the depth and investment discipline of the team, and I look forward to continue building on the firm’s proven track record of investment and operational excellence.”

Ms. Marjancik joined Blue Wolf in March 2022 as Managing Director, Capital Markets, bringing significant expertise in complex, multi-dimensional financing strategies. Prior to joining Blue Wolf, Ms. Marjancik spent almost 13 years at Lincoln International focusing on capital and debt advisory. During her time there, Ms. Marjancik served as a key advisor to corporate and private equity clients, including Blue Wolf, on the structuring and arranging of debt financings across multiple sectors, including, among others, industrials, consumer, business services and healthcare. She also assessed and rendered opinions on companies’ debt capacities and various corporate transactional matters, including financing terms and structures available to borrowers. Prior to that, Ms. Marjancik practiced corporate law at Shearman & Sterling LLP, where she advised on domestic and cross-border capital raising transactions, mergers, acquisitions, divestitures and joint ventures.

Ms. Marjancik received a B.S. with honors from Purdue University, a M.B.A. with honors from the Booth School of Business at the University of Chicago and a J.D., magna cum laude, from Boston University School of Law.

Mr. Shovlin joined Blue Wolf in 2015 and most recently served as Vice President. Currently, he serves on the Board of Directors of Blue Wolf portfolio companies C&C Forest Products, The State Group, Vicksburg Forest Products, and Welch & Rushe. Prior to joining the firm, Mr. Shovlin was an Analyst in the Restructuring group at Guggenheim Securities. He received a B.S. in Economics with concentrations in Accounting and Finance from the Wharton School at the University of Pennsylvania.

Ms. Spaziani joined Blue Wolf in 2021 as Director of Government Affairs. Prior to joining the firm, she spent more than seven years at the NewYork-Presbyterian hospital system, serving as Vice President of Communications, External Affairs, and Federal Relations, and worked in both the US House and Senate as a senior staff member. Ms. Spaziani received a B.A., magna cum laude, from Duke University and a J.D., cum laude, from Georgetown University Law Center.

Mr. Meyers joined Blue Wolf in 2020 and most recently served as an Associate. Previously he was an Analyst in the Restructuring group at Perella Weinberg Partners. Mr. Meyers received a Bachelor of Commerce with First Class Honors in Investment Management from McGill University.

Mr. Fong joined Blue Wolf in 2021 and most recently served as an Associate. Prior to joining the firm, he was an Analyst in the Industrials Mergers & Acquisitions investment banking group at Rothschild & Co. Mr. Fong received a B.A. in Economics from Hamilton College.

About Blue Wolf Capital Partners
Blue Wolf Capital is a private equity firm that invests in buyouts, recapitalizations, and growth capital opportunities in middle market companies. The firm focuses on making control investments and works collaboratively to generate returns through operational and strategic experience. Blue Wolf manages challenging situations and complex relationships between business, customers, employees, unions, and regulators with the goal of building value for stakeholders. For additional information, please visit www.bluewolfcapital.com.

Contacts
Kate Spaziani
kate@bluewolfcapital.com

Joele Frank, Wilkinson Brimmer Katcher
Steve Frankel / Ed Trissel / Arielle Rothstein
212.355.4449

Sep 8, 2022

Blue Wolf Capital Names Eve Mongiardo Chief Financial Officer

September 7, 2022 – NEW YORK – Blue Wolf Capital Partners LLC (“Blue Wolf”), a New York-based private equity firm, today announced that Eve Gerriets Mongiardo will be joining the firm’s senior leadership team as Chief Financial Officer (“CFO”) and Chief Compliance Officer, overseeing financial reporting, investor relations and compliance. Ms. Mongiardo, a financial and audit committee expert with over 30 years of private equity experience, most recently served as Blue Wolf’s Interim CFO.

“With the closing of Fund V, Blue Wolf continues to build a team with unparalleled talent and expertise, demonstrating our capacity to effectively manage the portfolio and deliver outstanding outcomes,” said Adam Blumenthal, Chairman and Managing Partner at Blue Wolf. “Eve will be a tremendous asset to Blue Wolf given her deep financial and operational experience, and I am thrilled to welcome her to our leadership team.”

“Eve is a seasoned executive in financial management with extensive experience in complex business environments,” said Jeremy Kogler, Managing Partner at Blue Wolf. “Since joining the firm earlier this year, Eve already has made considerable contributions to our organization, and I am delighted she will be officially joining Blue Wolf as we manage a growing investment portfolio.”

“I am so pleased to join Blue Wolf where the strategy, culture and differentiated investment approach have resulted in a strong growth trajectory and investment portfolio,” said Ms. Mongiardo. “I look forward to leveraging my experience and contributing to the future growth of the firm.”

Ms. Mongiardo is a senior executive with decades of experience leading successful initiatives and optimizing financial management processes. Prior to joining Blue Wolf, she provided consulting and advisory services, including CFO advisory services, best practice, operational excellence review and capital raising initiatives. Ms. Mongiardo spent 12 years with Irving Place Capital, where she was a Partner. Previously she held a senior role at Soros Private Funds Management and also worked for Goldman Sachs. She started her career at Deloitte, where she spent four years in the auditing practice.

Ms. Mongiardo is a Certified Public Accountant and received a B.S. from Lehigh University and a M.B.A. from New York University Stern School of Business.

About Blue Wolf Capital Partners

Blue Wolf Capital Partners LLC is a private equity firm that specializes in control investments in middle market companies. Leading by experience, and with a commitment to excellence, Blue Wolf transforms companies strategically, operationally and collaboratively. Blue Wolf manages challenging situations and complex relationships between business, customers, employees, unions, and regulators to build value for stakeholders. For additional information, please visit www.bluewolfcapital.com.

Contacts

Kate Spaziani
kate@bluewolfcapital.com

Joele Frank, Wilkinson Brimmer Katcher
Steve Frankel / Ed Trissel / Arielle Rothstein
212.355.4449

Oct 22, 2021

Blue Wolf Capital to Acquire CIVCO Radiotherapy from Roper Technologies

October 22, 2021 – NEW YORK – Blue Wolf Capital Partners LLC (“Blue Wolf”), a New York-based private equity firm, today announced it has entered into an agreement to acquire CIVCO Radiotherapy, a global leader of radiotherapy patient positioning and immobilization equipment, from Roper Technologies, Inc. (NYSE: ROP).

With a nearly 40-year operating history and a track record of quality and reliability, CIVCO Radiotherapy serves a blue-chip customer base of academic and community hospitals, cancer centers and OEM manufacturers. CIVCO Radiotherapy is headquartered in Iowa and operates globally in 90+ countries.

Jeremy Kogler, Partner at Blue Wolf Capital, said, “We are incredibly pleased to partner with CIVCO Radiotherapy’s leadership team to further strengthen the company’s longstanding leading position in mission-critical radiotherapy products. We look forward to many years of continued growth at CIVCO Radiotherapy.”

“We are pleased to have found a trusted partner in Blue Wolf with the skills, expertise and capital to support our significant growth goals and mission of improving outcomes for patients and healthcare providers worldwide,” said Nat Geissel, current President of CIVCO Radiotherapy, who will be named CEO of the company at transaction close. “Blue Wolf has a track record of successfully managing businesses. I’m confident their team will help to enhance our production capabilities and distribution efficiencies to meet the needs of patients and healthcare providers globally.”

“CIVCO Radiotherapy is a leader in the provision of radiotherapy positioning equipment,” said Shashank Patel, Principal at Blue Wolf Capital. “The company has a rich history of improving the patient experience and clinical outcomes for cancer patients globally. We believe CIVCO Radiotherapy is well positioned to further help clinicians offer more targeted and accurate treatment to patients as innovations in the radiotherapy space continue. We look forward to working with Nat and his team to build on its mission of improving outcomes and quality care for patients.”

The transaction is expected to close by the end of the year. Terms of the transaction were not disclosed.

About CIVCO Radiotherapy
Founded in 1982, CIVCO Radiotherapy has a nearly 40-year track record of designing and manufacturing radiotherapy patient positioning and immobilization devices that are critical to the provision of safe, quality cancer treatment to patients. The company has approximately 115 employees, serving customers across 90+ countries. CIVCO Radiotherapy corporate headquarters and production facilities are located in Iowa. For more information, please visit www.civcort.com.

About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that specializes in control investments in middle market companies. Leading by experience, and with a commitment to excellence, Blue Wolf transforms companies strategically, operationally and collaboratively. Blue Wolf manages challenging situations and complex relationships between business, customers, employees, unions, and regulators to build value for stakeholders. For additional information, please visit www.bluewolfcapital.com.

Contacts
Jenny Zhu
jenny@bluewolfcapital.com
212.488.3686

Joele Frank, Wilkinson Brimmer Katcher
Steve Frankel / Ed Trissel / Arielle Rothstein
212.355.4449

View / Download PDF of Article

Oct 5, 2021

Blue Wolf Capital Named in Inc.’s 2021 List of Founder-Friendly Investors

NEW YORK, October 5, 2021 – Blue Wolf Capital Partners LLC (“Blue Wolf”), a New York-based private equity firm, today announced it was named to Inc.’s third annual Founder-Friendly Investors list, honoring the private equity and venture capital firms with the best track record of success backing entrepreneurs.

“Entrepreneurship is at the heart of Blue Wolf and we are proud to partner with innovative leaders to transform their businesses, bring key stakeholders together and generate value,” Adam Blumenthal, Managing Partner of Blue Wolf. “We are honored to be recognized and believe it is a reflection of our outstanding team and their ability to work collaboratively with founders and management teams across our portfolio companies.”

“Supporting an entrepreneur’s vision and driving growth is more than just a financial investment. It’s about building a relationship and supporting the founders beyond that initial year. These private equity firms treat the founders like partners,” says Scott Omelianuk, editor-in-chief of Inc. media. Since Blue Wolf’s founding 15 years ago, it has established a distinctive catalyst-driven approach to building stronger businesses, focused on combining financial and operational discipline with environmental, social, and governance principles. Working hand-in-hand with management teams, Blue Wolf takes a collaborative investment approach that is both value-generating and values-driven, which has translated to its proven track record of transforming businesses to create sustainable value for stakeholders and investors.

Blue Wolf demonstrated its ability to drive value for founder-owned businesses with the formation and ultimate successful sale of the Mulch and Soil Company earlier this year. Blue Wolf formed the Mulch and Soil Company in 2018 through a merger of Forestry Resources and later K&B Landscapes – two founder-owned businesses based on Florida – with the mulch division from Suwannee Lumber Company. Under Blue Wolf’s leadership prior to the sale, the Mulch and Soil Company became one of the Southeast region’s leading manufacturers of premium mulch and soil products.

According to Inc., the final Founder-Friendly Investors list recognizes firms that entrepreneurs can trust and collaborate with while receiving the financial support they need to help accelerate growth. The firms selected have a successful track record of remaining actively involved in the businesses after their investment.

To compile the list, Inc. went straight to the source: entrepreneurs who have sold to private equity. Founders filled out a questionnaire about their experiences partnering with private equity firms and shared data on how their portfolio companies have grown during these partnerships.

To see the complete list, go to: https://www.inc.com/founder-friendly-investors/2021. The October 2021 issue of Inc. magazine is available online now at https://www.inc.com/magazine and will be on newsstands beginning October 5, 2021.

About Inc.
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community they need to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

The Founder-Friendly Investors list of 2021 recognition presented herein is awarded by Inc., a thirdparty that is not affiliated with Blue Wolf, requested nominees provide them with a certain number of entrepreneur references, and Inc. independently assessed the nominees based on responses to a questionnaire by such entrepreneur references. The number of nominees reviewed for this recognition was not disclosed to Blue Wolf, and therefore, it and the percentage of nominees receiving the recognition, cannot be disclosed herein. Inc.’s recognition is not indicative of Blue Wolf’s future performance and does not reflect the experience of, or any rating by, Blue Wolf’s investors. Blue Wolf paid an application fee to participate in this process. For more information regarding this recognition, please see the linked publication.

Contacts
Jenny Zhu
jenny@bluewolfcapital.com
212.488.3686

Joele Frank, Wilkinson Brimmer Katcher
Steve Frankel / Ed Trissel / Arielle Rothstein
212.355.4449

View / Download PDF of Article

Aug 23, 2021

Blue Wolf Capital Names Mike Sutter as Operating Partner

AUGUST 23, 2021, NEW YORK – Blue Wolf Capital Partners LLC (“Blue Wolf”), a New York-based private equity firm, today announced that Mike Sutter will be joining the firm as an Operating Partner focused on Blue Wolf’s investments in the industrials sector. Mr. Sutter most recently served as Chief Executive Officer of Airtech Vacuum Inc., a leading global designer and manufacturer of vacuum pumps, blowers and vacuum and compressor systems.

“One of Blue Wolf’s key differentiators is our team’s industry and operating expertise, and I am pleased to build on this talent with the addition of an industrial manufacturing veteran like Mike,” said Adam Blumenthal, Managing Partner of Blue Wolf. “Mike has a track record of success in improving operating performance and driving organic and inorganic growth, having led a variety of businesses throughout his career in the sectors in which we operate. He also brings a background in talent development and union environments, both of which are important to Blue Wolf’s ESG principles. I’m confident Mike will draw on his years of relevant experience as he works to support our industrial portfolio companies.”

Prior to his most recent role, Mr. Sutter served as President, Chief Executive Officer and as a Director of Chromalox, during which time Chromalox, then private, was successfully sold by a private equity firm to a publicly traded company. Before then, Mr. Sutter held leadership roles at ITT in the Industrial Process Division. Earlier in his career, Mr. Sutter was an executive at Flowserve, among other industrial companies. In these positions, he has focused on areas such as strategic planning, sales and operations management, global supply chain management, lean management and talent development.

Mr. Sutter stated, “Blue Wolf has a stellar track record and a reputation for removing complex operational barriers and driving significant value across its investments. I’m truly excited to be joining Blue Wolf as an Operating Partner and am eager to collaborate with Blue Wolf’s investment team and portfolio company management as the firm continues to grow its presence in the industrials sector.”

Aakash Patel, a Principal at Blue Wolf who concentrates on the firm’s investments in the industrials sector, added, “It’s an exciting time to be investing in and partnering with industrial manufacturing and distribution businesses. Mike is known for his ability to foster operational and organizational excellence, and his skillset is well-aligned with our investment approach. I look forward to working alongside him in his new role.”

About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that specializes in control investments in middle market companies. Leading by experience, and with a commitment to excellence, Blue Wolf transforms companies strategically, operationally and collaboratively. Blue Wolf manages challenging situations and complex relationships between businesses, customers, employees, unions, and regulators to build value for stakeholders. For additional information, please visit www.bluewolfcapital.com

Contacts
Jenny Zhu
jenny@bluewolfcapital.com
212.488.3686

Joele Frank, Wilkinson Brimmer Katcher
Steve Frankel / Ed Trissel / Arielle Rothstein
212.355.4449

View / Download PDF of Article

Jun 23, 2021

Blue Wolf Capital Announces Sale of Novo Building Products

June 23, 2021, NEW YORK – Blue Wolf Capital Partners (“Blue Wolf”), a New York-based private equity firm, today announced that it has entered into a definitive agreement to sell Novo Building Products LLC (“Novo”) to Hardwoods Distribution Inc. (TSX:HDI) (“HDI”), one of North America’s largest distributors of architectural grade building products to the residential, repair and remodel, and commercial construction industries.

Headquartered in Zeeland, MI, Novo is an industry leading manufacturer and value-added distributor of mouldings, millwork, stair parts and other specialty building products to national home retail centers and building material dealers throughout the United States and parts of Canada and Mexico.

Blue Wolf acquired Novo in 2016 from Tenon Limited, a New Zealand-based public company, and has since worked with the Novo team to execute on a value creation plan focused on achieving operational efficiencies and diversifying the company’s customer base and product portfolio through organic growth and M&A. In 2019, George Judd, a Strategic Advisor to Blue Wolf with a successful track record as a building products industry executive, was appointed CEO of Novo. His leadership greatly accelerated the value creation plan and has positioned Novo for long-term growth.

“This transaction represents an outstanding outcome for Blue Wolf and our LPs, as well as for Novo and its stakeholders, including its employees,” said Adam Blumenthal, Managing Partner of Blue Wolf. “Our experience with Novo demonstrates the value that Blue Wolf brings in transaction execution and as an owner. Our investment involved a highly complex carve-out from a publicly traded, international corporation. Over the course of the last five years, we leveraged our experience in the building products sector and effectively utilized our operating resources to advance the company’s position as an industry leader. I want to thank the entire Novo management team and the company’s more than 1,400 employees for their immense contributions in these efforts. We look forward to following Novo in its next phase of growth as it joins forces with HDI.”

“Under George’s leadership, the Novo management team executed a set of strategic initiatives that expanded the company’s footprint, diversified its product offering and improved its operational performance, creating a substantially larger, more diversified and more efficient enterprise,” added James Shovlin, Vice President of Blue Wolf.

Mr. Judd said, “Today marks an exciting day for Novo, and underscores the great progress we have made in partnership with Blue Wolf to significantly improve the company’s operational and financial performance and build upon its leadership position in the specialty building products sector. I am confident that HDI is the ideal long-term owner for Novo and expect that our employees will benefit from new opportunities as part of HDI’s larger platform. In addition, I am optimistic about the growth opportunities that lie ahead for Novo and HDI. Our complementary portfolio of product offerings will deliver significant value to our customers and other stakeholders.”

Transaction Details
The transaction is expected to close in late July or early August 2021, subject to completion of all necessary regulatory approvals and satisfaction of all closing conditions under the definitive agreement.

Rothschild & Co is serving as financial advisor and Holland & Knight is serving as legal advisor to Blue Wolf in connection with this transaction.

About Novo Building Products
Novo Building Products is a value-added distributor and manufacturer of specialty building products. Novo supplies mouldings, stair parts, doors, and other specialty millwork products to customers throughout the United States and in parts of Canada and Mexico. Novo operates out of 14 facilities, primarily in the Eastern and Midwestern U.S., Florida and Texas. The company’s divisions include Empire Moulding & Millwork, Southwest Moulding & Millwork, Ornamental Decorative Millwork, LJ Smith Stair Systems and Novo Direct.

Contacts
Jenny Zhu
jenny@bluewolfcapital.com
212.488.3686

Joele Frank, Wilkinson Brimmer Katcher
Steve Frankel / Ed Trissel / Arielle Rothstein
212.355.4449

View / Download PDF of Article

May 4, 2021

Blue Wolf Capital Announces Sale of The Mulch and Soil Company

May 4, 2021, NEW YORK – Blue Wolf Capital Partners (“Blue Wolf”), a New York-based private equity firm, today announced that it has sold The Mulch and Soil Company, LLC (“the Company”), a leading manufacturer and distributor of mulch and soil products across the Southeast region of the United States. Terms of the transaction were not disclosed.

Blue Wolf formed The Mulch and Soil Company in 2018 by carving out the mulch division from Suwannee Lumber Company, a former Blue Wolf portfolio company, and merging it with Forestry Resources, Inc. and later K&B Landscapes, two founder-owned businesses in Florida. Under Blue Wolf’s leadership, the Company became one of the Southeast region’s leading manufacturers of premium mulch and soil products with a network that now spans four manufacturing facilities and 165 employees across Florida.

“The Mulch and Soil Company is a quintessential Blue Wolf investment, which involved a complex carveout and integration of three companies and demonstrates the value of our niche sub-sector specializations,” said Adam Blumenthal, Managing Partner of Blue Wolf. “By carving out Suwannee’s mulch division; integrating two founder-run businesses; and recruiting a best-in-class management team comprised of industry veterans, we built a strong platform of scale that is now well-positioned for longterm growth in one of the most attractive U.S. markets for landscape products.”

“Our experience investing in the forest products sector in the U.S. South combined with our expertise in organizational transformations and human capital management enabled us to support The Mulch and Soil Company from its inception through its evolution into the robust platform it is today,” added James Shovlin, Vice President at Blue Wolf. “We are proud to have partnered with Mark West and the entire management team, and we look forward to following the company’s continued evolution in this next phase of its growth.”

“In 2018, Blue Wolf recognized the incredible potential to create and scale a regional leader in landscape products – and with their support, The Mulch and Soil Company has grown into one of Florida’s leading manufacturers and distributors of mulch and soil products. Over the years, Blue Wolf has served as a true partner and their operational expertise has played a critical role in enabling us to successfully integrate three distinct companies and cultures into one cohesive workforce and network of plants across the state,” said Mark West, CEO of The Mulch and Soil Company. “We are excited about the growth opportunities that lie ahead as we continue to expand our platform and meet the growing demand for our products.”

Brown Gibbons Lang & Company LLC served as financial advisor and Robinson Bradshaw served as legal advisor to Blue Wolf in connection with the transaction.

About The Mulch and Soil Company
The Mulch and Soil Company is a manufacturer and distributor of mulches, premium soils, decorative bark, and other ground cover products to lawn and garden retailers and commercial landscapers. Headquartered in Fort Myers, Florida, the company operates a network of manufacturing and distribution locations from which it serves customers throughout the southeastern United States. For additional information, please visit www.themulchsoilco.com.

Media Contacts
Jenny Zhu
jenny@bluewolfcapital.com
212.488.3686

Kate Sylvester
ksylvester@sloanepr.com
212.446.1860

View / Download PDF of Article

Mar 1, 2021

Blue Wolf Capital Acquires Colson Group

March 1, 2021 – NEW YORK – Today, Blue Wolf Capital Partners LLC (“Blue Wolf”), a New York-based private equity firm, announced its acquisition of Colson Group (“Colson” or “the Company”), a global leader in caster and wheel product solutions. Terms of the transaction were not disclosed.

Colson is one of the largest manufacturers and distributors of casters and wheels in the world, with over 1,600 employees across 30 global facilities in 14 countries. With a large and diverse customer base that includes several Fortune 500 corporations, Colson offers the most comprehensive suite of caster and wheel solutions in the industry. The Company’s products are used in a wide variety of applications across end-markets such as medical, industrial, logistics, retail and e-commerce.

“With its global scale and long-standing roster of blue-chip customers, Colson is the global leader in the highly stable and growing casters and wheels market. In addition, Colson’s large domestic manufacturing footprint combined with its impressive product portfolio uniquely position the company to serve the U.S. market. Over the next few years, we intend to invest significant capital to further enhance Colson’s domestic capabilities,” said Aakash Patel, Principal at Blue Wolf. “We are excited to partner with Tom Blashill and his management team to accelerate long-term growth at Colson.”

“Our track record of transforming industrial manufacturing companies into best-in-class businesses combined with our experience optimizing and strengthening global supply chains position us perfectly to support Colson in the next phase of its evolution. We will seek to unlock value at Colson by both leveraging their strong existing foundation and by utilizing Blue Wolf’s unique skillset,” added Adam Blumenthal, Managing Partner of Blue Wolf Capital. “By implementing our ESG investment framework, we will focus on driving growth at Colson through operational, commercial and organizational enhancements. We look forward to working with the Company on this exciting journey.”

“We are pleased to be partnering with Blue Wolf to build upon the market-leading reputation Colson has developed over its 100+ year history. Not only does Blue Wolf have a successful track record investing in industrial manufacturing businesses, but they also have a team of highly experienced operating professionals who will work alongside us and add value to our management team as we drive further efficiencies in the Company,” said Tom Blashill, CEO of Colson Group. “As we enter this new chapter, Blue Wolf’s support will best position Colson to continue to deliver the innovative products, unmatched customer service and supply chain excellence necessary to support our growing global customer base.”

As a result of the acquisition, Blue Wolf Operating Partner Rich Kobor will join Colson’s Board of Directors alongside Adam Blumenthal and Aakash Patel of Blue Wolf as well as Colson’s CEO Tom Blashill. In addition, Ray Poole, who retired after more than a 25-year career at United Technologies during which he served as CFO of the Carrier Residential and Fire & Security Global Fire Product divisions and most recently, was the Senior Vice President of Operations and CFO for Emcor Facilities Services, will also join the Board.

About Colson Group
Colson Group, a global leader in caster and wheel products, creates and drives solutions that move lives forward. World renowned brands provide specialized mobility for every industry and market. A leading product portfolio and proprietary global value chain deliver unparalleled efficiencies and support. With over 1,600 employees across 30 global facilities, Colson Group is committed to its customers’ success, ensuring proper products are selected or designed from the start, and always keeping the end-users’ safety, efficiency, and happiness in mind. For more information, visit www.ColsonGroup.com.

Media Contact
Kate Sylvester, ksylvester@sloanepr.com; 203-736-7821

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