News & Press

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 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.

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

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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

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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

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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

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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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Feb 8, 2021

Blue Wolf Capital Announces Investment in Vicksburg Forest Products

February 8, 2021 – NEW YORK – Today, Blue Wolf Capital Partners LLC (“Blue Wolf”), a New York-based private equity firm, announced its investment in Vicksburg Forest Products, LLC (“VFP” or “the Company”), a manufacturer of Southern Yellow Pine lumber products that operates a sawmill facility in Vicksburg, Mississippi. Terms of the transaction were not disclosed.

VFP’s sawmill produces a diverse mix of dimensional and specialty lumber products. In 2018, the family-owned and operated company underwent a large-scale transformation to convert from a hardwood mill to a softwood mill.

Building upon this transition, VFP recently announced the planned expansion of its operations, which includes a new high-speed chip-n-saw line, two new continuous dry kilns and a variety of other infrastructure projects. Blue Wolf’s investment will support the Company in this expansion that aims to more than double lumber production capacity to approximately 180 million board feet annually and add approximately 60 new jobs. In addition to Blue Wolf’s investment, the Company has received federal, state and local grants and incentives to support this expansion. The project is under construction with completion anticipated in the summer of 2021.

VFP’s Owner and Manager Billy Van Devender and the current management team will continue to lead the business going forward. As a result of the investment, Charlie Miller and James Shovlin of Blue Wolf will join the Company’s Board of Directors.

“As active investors in the U.S. South forest products sector for over a decade, we recognized VFP as a best-in-class facility with high-quality equipment and infrastructure already in place, making it an ideal candidate for expansion. Located in one of the most robust wood baskets in the U.S. South, the mill is well-positioned for growth with convenient access to both an abundant supply of raw materials and major throughfares to access its customers,” said Charlie Miller, Partner at Blue Wolf Capital. “We are excited to support Billy and VFP’s highly-regarded management team in expanding operations and driving long-term growth for the business.”

“Given our track record investing in sawmills in rural communities across the U.S. South and our recent experience restarting a mill in the region, the opportunity to partner with Billy and his team on this expansion made VFP an ideal investment for Blue Wolf,” added Adam Blumenthal, Managing Partner of Blue Wolf Capital. “We look forward to partnering with the VFP team in enhancing operations and governance to best meet the needs of their growing customer base in this robust market.”

“As we embark on this next phase of growth, we are thrilled to partner with Blue Wolf, a firm that has a deep track record and network across the forest products industry. Blue Wolf’s experience working hand-in-hand with local governments and communities like ours combined with their understanding of our customers and long-term vision make them a great partner for us,” said Billy Van Devender, Owner and Manager of VFP. “With this partnership in place, we remain focused on expanding our business to become one of the most diverse mills in the Southeast to best support our customers.”

Raymond James Ltd. acted as financial advisor to VFP in connection with the transaction.

About Vicksburg Forest Products, LLC
Vicksburg Forest Products, LLC is headquartered in Jackson, Mississippi and offers customers a wide variety of dimensional and specialty lumber products through its sawmill operations located in Vicksburg, Mississippi. The Company’s facility underwent a large-scale transformation in 2018 and VFP is now embarking on its next phase of growth, with significant upgrades throughout the mill that will expand production capacity to 180 million board feet by the summer of 2021. Family-owned and operated, VFP is Page 2 of 2 dedicated to its employees who are passionate about delivering unmatched, high-quality lumber from a world-class manufacturing facility.

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

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Jan 25, 2021

The State Group Names Michael Lampert as Chief Executive Officer

NASHVILLE, Tenn. – January 25, 2021 – Today, The State Group Inc., a leading multi-trade industrial contractor providing quality maintenance, repair and construction services, announced the appointment of Michael Lampert as Chief Executive Officer, effective immediately. Mr. Lampert brings over 20 years of senior leadership experience across the manufacturing, construction and service industries.

Founded in 1961, The State Group operates 20 offices throughout the United States and Canada. The company employs over 1,200 construction professionals and support staff and performs over 2 million man-hours annually of construction, retrofit, maintenance, and emergency services. In April 2018, The State Group was acquired by Blue Wolf Capital Partners, a New York-based private equity firm, and Yellow Point Equity Partners, a Vancouver-based private equity firm.

“I’m excited to join The State Group, a company that has built an impressive track record as a leader in the industrial and engineering services sector and a trusted long-term partner for many Fortune 100 companies,” said Michael Lampert, CEO of The State Group. “I’m looking forward to working closely with the management team to continue to provide best-in-class service to our clients while growing the business.”

Prior to joining The State Group, Mr. Lampert served as the President and CEO of GrayWolf Industrial, a specialty construction, maintenance and fabrication provider. During his tenure at GrayWolf Industrial, he also held the roles of Chief Operating Officer and Chief Financial Officer, overseeing all operations including sales, estimating, execution, safety, quality and human resources. Previously, he also served as the President of Integrated Energy Technologies, a turbine component manufacturing company that was founded as a result of CitiGroup Venture Capital’s acquisition of the Evansville Division of Rolls Royce Aerospace.

“We are pleased to welcome Michael to The State Group as he not only brings decades of experience leading companies across the industrial sector, but he also has a demonstrated track record of driving growth while working closely with private equity partners,” said Arthur Cabrera, Executive Vice President and CFO of The State Group. “I’m excited to work alongside Michael as we continue to grow our business while upholding the highest safety and quality standards that we are known for across our projects.”

“Michael’s expertise integrating sales, engineering, manufacturing and finance coupled with his experience in high value manufacturing positions him well to drive success at The State Group,” said Marc Dumont, former CEO and current board member at The State Group. “We are excited to have Michael joining the leadership team and are confident his background will be a tremendous value-add to the company.”

About The State Group
The State Group is a leading North American multi-trade industrial and specialty services contractor. Established in 1961, the company provides comprehensive electrical and mechanical trade services to Fortune 100 companies in the power generation, automotive, oil and gas, communications, metals and transportation industries. The State Group performs over two million man-hours annually of retrofit, maintenance, construction and emergency services and maintains a tooling and equipment inventory to support its skilled workforce. The company has offices across the United States and Canada and is ISO 9001:2015 registered. For more information, please visit www.stategroup.com.

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

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Nov 24, 2020

Petrosmith Acquires Wellflex Energy Solutions

ABILENE, Texas & FORT WORTH, Texas — Petrosmith, a leading provider of production equipment and oilfield tubular goods, has acquired the assets of Wellflex Energy Solutions, LLC (“Wellflex” or the “Company”), a leading engineering, procurement and construction management company.

Wellflex, headquartered in Fort Worth, Texas, utilizes the latest in design technology to assist in detailed engineering, fabrication and project management to provide customers with the most efficient, fit for purpose equipment.

Chris Thomas, CEO of Petrosmith, said, “We believe Wellflex’s design and project management solutions are best-in-class and will be in high demand as the energy sector gets back on track. Combining the Wellflex process with Petrosmith’s quality fabrication and services will provide our operators and customers an efficient and effective process to reduce facility expenses as the market returns. We are excited to add the Wellflex team to Petrosmith as we steer the company towards long-term success.”

“Our successful sale to Petrosmith is a testament to our team’s collective effort to be the best in providing high quality, design, engineering, fabrication and construction management for our customers,” said Nick Klaus, President of Wellflex. “We’re excited to join Petrosmith as we begin the next chapter of Wellflex’s growth and success.”

“The addition of Wellflex provides an exciting opportunity to partner with a company aligned with our own values in prioritizing quality of service,” said Michael Duffy, President of Petrosmith. “Wellflex has a strong brand built on a foundation of nearly 15 years of high-quality service.”

About Petrosmith
Founded in 1983 as Smith Pipe of Abilene, Petrosmith is dedicated to efficiently designing and manufacturing high-quality, innovative and reliable products for the oil and gas industry. Smith Pipe of Abilene transitioned to Petrosmith to better reflect the variety of offerings and expanded footprint in the industry. Petrosmith is a service-oriented, technologically advanced company, dedicated to time-honored traits of efficiency and high quality in the design and manufacture of products for today’s and tomorrow’s oil and gas industry. For more information, visit petrosmith.com.

About Wellflex Energy Solutions, LLC
Wellflex Energy Solutions was founded in 2006 in the heart of the Barnett Shale during one of the most innovative periods in energy industry history. Wellflex was created to deliver quality products on time and improve efficiencies of pad site construction, providing solutions from a standard bare vessel to a fully customized ModFlex™ pad site. With over 100 years of production and process equipment experience, Wellflex is an industry leader in modular production equipment solutions. For more information, visit wellflex.com.

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Oct 21, 2020

Blue Wolf Capital Announces Expansion of Investment Team and Promotion of Joshua Cherry-Seto

Four Strategic Hires Support Continued Portfolio Growth

Shashank Patel Rejoins the Firm as Principal

Joshua Cherry-Seto Promoted to Managing Director

October 21, 2020, NEW YORK – Blue Wolf Capital Partners (“Blue Wolf”), a New Yorkbased private equity firm, today announced the expansion of its investment team with four strategic hires: Shashank Patel, Greg Singer, Ethan Cooper and David Meyers. Blue Wolf has also promoted Chief Financial Officer and Chief Compliance Officer Joshua Cherry-Seto to Managing Director.

Shashank Patel rejoins the firm as a Principal after working at Apax Partners and Providence Equity. He first joined Blue Wolf in 2011 and was previously involved in Blue Wolf’s investments in American Builders Supply, Snappy and Twin Rivers, among others

In addition, Greg Singer, a recent MBA graduate from The Wharton School at the University of Pennsylvania and formerly a Private Equity Associate at Nautic Partners, joins the firm as a Senior Associate; Ethan Cooper, formerly an Analyst in the Middle Market Group at Lazard, joins the firm as an Associate; and, David Meyers, formerly an Investment Banking Analyst in the Restructuring Group at Perella Weinberg Partners, also joins the firm as an Associate.

Joshua Cherry-Seto has been promoted to Managing Director, reflecting his role in managing a wide variety of tax, legal, structuring, compliance and capital raising issues across the portfolio, as well as the commitment he has demonstrated to the firm’s ESG strategy since joining Blue Wolf in 2013. He will continue to remain Chief Financial Officer and Chief Compliance Officer.

“We are thrilled to add such a talented group of experienced individuals to our growing investment team – Shashank, Greg, Ethan and David will each play a critical role in supporting both new and existing investments across our portfolio,” said Adam Blumenthal, Managing Partner of Blue Wolf Capital. “As we navigate this period of economic disruption, our team’s expansion not only reflects the continued growth of our investment pipeline in this environment, but it also ensures we are well-positioned to take advantage of the unique secular trends we expect to see accelerate in each of our investment verticals over the coming year.”

“I am very excited to rejoin the Blue Wolf team at a time when the firm’s long-standing ESGdriven approach to value creation is more vital to investors and to society than perhaps ever before,” said Shashank Patel, Principal at Blue Wolf Capital. “Working with Adam, Jeremy, Charlie, Bennet and other members of the Blue Wolf investment team was an important part of my career early on and I could not be more excited to be back at the firm today.”

Most recently, Blue Wolf announced the sale of Pharmaceutical Strategies Group’s marketleading 340B business to Omnicell after a nine-year investment, reflecting the firm’s long-term ESG-driven approach to creating value. Last year, Blue Wolf also expanded its investment portfolio with the acquisitions of Fox Rehab, ClearSky Health, Kirlin Design Build, and RHA Health Services.

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Oct 2, 2020

Blue Wolf Capital Closes on Sale of Pharmaceutical Strategies Group’s 340B Business to Omnicell

PSG’s market-leading 340B Link business is being sold for $225 million nine years after Blue Wolf’s initial investment

PSG built an innovative program providing significant funding to safety net hospitals

Investment reflects Blue Wolf’s long-term, ESG-driven approach

October 2, 2020, NEW YORK – Today, Blue Wolf Capital Partners (“Blue Wolf”), a New York-based private equity firm, announced the completion of the sale of Pharmaceutical Strategies Group’s 340B business (“PSG”) to Omnicell, Inc. (NASDAQ:OMCL), a leading provider of medication management solutions and adherence tools for health systems and pharmacies. PSG’s 340B Link business is being acquired for $225 million, and the sale marks the exit of Blue Wolf’s last portfolio company in Blue Wolf Capital Fund II. Additional terms of the transaction were not disclosed.

Blue Wolf invested in PSG in 2011 in a rapidly changing healthcare environment. Building on vast regulatory expertise, and backed with Blue Wolf’s capital, PSG partnered with safety net hospitals to implement solutions to set up and administer a recently expanded federal program known as 340B, which today delivers a $14 billion annual lifeline from drug manufacturers to America’s rural and urban safety net hospitals. Blue Wolf’s long-term investment and focus on human capital and organizational transformation helped PSG become the industry leader in this vital part of America’s healthcare infrastructure.

“With our government and hospitals facing enormous financial pressure during the COVID-19 crisis, the value of funding from the 340B program enabled by PSG’s 340B Link solutions to hospitals that care for America’s most vulnerable population has been demonstrated more clearly than ever before. We’re incredibly proud to have partnered with David Borden and PSG to build this important business,” said Adam Blumenthal, Managing Partner at Blue Wolf. “PSG’s growth over the last nine years illustrates the benefit of being a long-term partner. It also showcases how we use our ESG lens to create value both for our investors and for society. This is an exciting time for the PSG business, and we see Omnicell as an ideal partner for its next phase of growth.”

“Blue Wolf has been a tremendous partner for PSG and has provided us with the necessary support and resources every step of the way as we built our 340B business,” said Dave Borden, Chief Executive Officer of PSG. “The Blue Wolf team’s knowledge of the complexities of the pharmaceutical marketplace and the broader healthcare value chain were essential in building this business, and we look forward to further expanding upon this growth with Omnicell.”

About Pharmaceutical Strategies Group (PSG)
For more than 25 years, Pharmaceutical Strategies Group (PSG), based in Plano, Texas, has been relentlessly advocating for clients as they navigate the complex and ever-changing challenges of drug cost management. PSG’s innovative consulting and technology solutions, including the proprietary data and analytics platform, Artemetrx, deliver actionable insights with exceptional financial and clinical value. As the largest independent pharmacy benefit consulting firm in the U.S., PSG functions as a strategic partner to self-insured employers, health plans, brokers, coalitions, and health systems, generating more than $4.8 billion in drug cost savings each year. For more information, please visit www.psgconsults.com.

About Omnicell
Since 1992, Omnicell has been committed to transforming the pharmacy care delivery model to dramatically improve outcomes and lower costs. Through the vision of the Autonomous Pharmacy, a combination of automation, intelligence, and technology-enabled services, powered by a cloud data platform, Omnicell supports more efficient ways to manage medications across all care settings. Over 6,000 facilities worldwide use Omnicell automation and analytics solutions to help increase operational efficiency, reduce medication errors, deliver actionable intelligence, and improve patient safety. More than 40,000 institutional and retail pharmacies across North America and the United Kingdom leverage Omnicell’s innovative medication adherence and population health solutions to improve patient engagement and adherence to prescriptions, helping to reduce costly hospital readmissions. To learn more, visit www.omnicell.com.

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