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Blue River is a national leader assisting private equity firms, public corporations, and acquisitive corporations to identify, analyze, negotiate, and acquire privately held businesses.

Blue River

IS FOCUSED ON SERVING THE NEEDS OF THE MIDDLE MARKET

 

Listed below are Blue River’s current acquisition projects. If you are aware of, or represent companies that may be interested in pursuing a transaction, please contact Sara Clevenger, Principal.  All discussions will be treated with the utmost confidentiality.  Blue River’s fees are paid by its clients.

FOOD AND BEVERAGE:

Provider Of Wholesale Bakery Products – Private Equity-backed leading provider of wholesale bakery products to the foodservice and grocery channels is looking to partner with other bakeries of table breads, bagels, muffins, and related product categories. Interested in “Better-for-You”, dessert, ethnic and sweet baked good categories, as well as pre-sliced loaves with artisan qualities. Seeking bakeries located in the US with EBITDA between $500k-50MM.

DISTRIBUTION:

Mechanical / Building Insulation Distributors – Private Equity-backed value-added distributor and fabricator of insulation and complementary products for the commercial, industrial, and residential markets, is looking to acquire distributors of mechanical or building insulation and related products to contractors in the commercial, industrial, and residential markets. Seeking local/regional market leadership with strong support from OEM suppliers. Seeking businesses in the US and Canada with EBITDA of at least $1MM.

Wholesale Distributor For Foodservice Industry – Private Equity-backed leading value-added wholesale distributor of equipment, parts, and services to the foodservice and commercial kitchen industry is looking to acquire wholesale distributors and equipment service providers. Seeking to partner with healthy, profitable businesses to enter new market segments and geographies, broaden products and service offerings and expand equipment and service capabilities. Seeking businesses in the US with EBITDA of at least $1MM.

HVAC Equipment & Supplies Distribution – Private Equity-backed leading wholesale distributor of HVAC equipment & supplies looking to partner through acquisition with other distributors of HVAC products and supplies. Of high interest includes HVAC products and supplies, complementary offerings such as refrigerating and plumbing supplies with at least $3MM in annual revenues. Seeking a growth-minded partnership where current leadership and team can stay and enjoy strategic synergies as part of a collective, well diversified and forward-thinking culture.  Location: all of US. 

Pet Health Products Distribution – Private Equity-backed Strategic Buyer looking to acquire synergistic add-on acquisitions. Of interest are companies in the US or Canada with similar product offerings (vaccines, medications, supplements, grooming, health products etc.) or adjacent markets like equine and livestock. Annual revenue in the $3MM – $50MM range.

Water Treatment Testing Products – Private Equity-backed Strategic buyer looking to acquire synergistic add-on acquisitions in the value-added distribution and manufacturing of water treatment testing products. Of high interest are companies serving the industrial water treatment, food and beverage and environmental end markets. Seeking opportunities with companies producing at least $5MM in annual revenues.

Industrial Cleaning & Maintenance Supplies – Industry-leading Midwest based cleaning and maintenance products supplier is looking to expand by acquiring janitorial and cleaning supply distributors, equipment rental companies, and other industrial product and service providers in that space. Location in the U.S.

Packaging / Labeling Service – Florida based Private Equity Group looking to acquire add-on companies for a portfolio company in the packaging / labeling manufacturer and distribution sector. Of particular interest are suppliers of boxes, flexible packaging, labels and thermal transfer ribbons in OK, TX, AR, LA and surrounding geography. End market focus: Pharma, Food and Beverage, Cosmetics, Healthcare and Beauty Products, Other Consumer Product, Industrial Categories with revenue of min. $3MM, EBITDA of min. $500k.

Transmission Components and Bearings Distribution – Large Private Equity Group looking to acquire synergistic add-on companies for a portfolio company in the transmission and bearing distribution sector. Of particular interest are companies offering products like Drives, Brakes, Bushings, Clutches, Controls, Couplings & U-Joints, Gears, Linear Motion Devices, Motors, Seals. Industry focus: Food/Beverage, Bulk Materials, Chemical, Unit Handling, Steel, but also other specialty markets. Location in U.S., Canada, Mexico with revenue between $3MM – $75MM+ and EBITDA of approx. $500k – $15MM.

Dental Products Distribution – Large Private Equity Group looking to acquire synergistic add-on companies for a portfolio company in the dental products distribution sector. Of particular interest are similar companies supplying to dentists with a focus on general, ortho, pediatric, oral surgery, DSO or Government Specialty sub-segments. Companies selling into specialty and adjacent markets are also of interest. Location in U.S. with revenue of at least $3MM and EBITDA / operating income in excess of $500k.

Paint and Coatings Products & Equipment Distribution – Large Private Equity Group looking to acquire synergistic add-on companies for a portfolio company in the Automotive, Industrial and Architectural paint products & equipment distribution sector. Of particular interest are similar companies supplying into the Automotive sector. Companies selling into the Commercial/Industrial sectors are also of interest. Location in U.S. or Canada with revenue of at least $3MM.

Specialty Equipment, Restoration & Surface Preparation Equipment Distribution – Industry leading specialty contracting consumables and equipment distributor with Private Equity sponsorship is looking to acquire synergistic add-on companies. Of particular interest are companies supplying to specialty contractors in concrete surface preparation and finishing equipment and supplies, and disaster restoration equipment and supplies. Companies selling into adjacent markets including Weatherproofing, Environmental Remediation, Floor Care, Metal surface prep, Demolition markets are of interest. Location in U.S. and Canada with preference for annual revenues of at least $10MM with at least $1MM of EBITDA.

 

MANUFACTURING:

Custom Chemical Manufacturer – Private Equity-backed leading custom chemical manufacturer looking to acquire growth-driven manufacturers and suppliers providing products or technology to the Agriculture, Horticulture, and Turf & Ornamental industries. Seeking healthy companies focused on profitable growth. Preference for businesses offering products and new technologies in areas such as Adjuvants, Bio-stimulants, Micronutrient, Nutrient Efficiency, Fertilizers. Geography: western U.S. Revenue: Ideally $5MM – $20MM.

Plastic and Rubber-based Contract Manufacturer – Large Midwest based PE Firm looking to acquire add-ons for a portfolio company in the engineered molded products space, specifically in Micro, Metal Injection, Liquid Silicone Rubber, Dip, Injection, Extrusion, Compression and Transfer Molding as well as Thermoforming in the following preferred end markets: Medical, Aerospace & Defense, Electrical, Fortune 500. Geography: North America, especially Pacific Northwest and Southeast (worldwide sales).

 

BUSINESS SERVICES:

Industrial Maintenance Services – Private Equity-backed provider of industrial maintenance services is looking to acquire growth-driven companies specializing in Corrosion Prevention, and other related industrial maintenance services.

Desired core services: Coating Services, Corrosion Prevention, Leak Detection employing new technologies such as infrared camera, Emissions Monitoring utilizing new technologies, Well Plugging of oil and gas wells, Industrial Painting, Horizontal Drilling, Scaffoldings.

Seeking strong businesses with Min 2MM In Revenue and $200K-5MM in EBITDA. Geography: preferably Pennsylvania, Ohio, West Virginia, southern Michigan, and Eastern Indiana.

Leading HVAC/R Service Provider – Private Equity-backed independent self-performing HVAC/R service provider is seeking strategic acquisitions to become the top national HVAC/R platform. Seeking to expand into adjacent service offerings to better serve new and existing clients, improve performance in the current footprint, enter new market segments and geographies, and achieve a combined reputation as a top choice employer for capable technicians. Buyer will support partners both operationally and financially.

Global Services For Industrial Facilities – Leading global services specialist focused on industrial facilities looking to acquire service providers focused on Predictive Maintenance, Smart Factory Data analysis, collection and application. Also seeking Mechanical and Electrical Installation firms, Automation Systems Integrators and Programmers. Ideally, targets sell into discrete manufacturing facilities with high customer retention rates. Attributes: discrete manufacturing, ownership to stay, high retention rates, track record of growth. Preferred Geography: US and Canada. Prefer at least 10MM in annual revenues.

Commercial And Residential Services Franchisors – Private Equity-backed leading franchisor of recurring commercial and outdoor residential services seeks to acquire other leading franchisors of essential services. Looking for an established brand, strong proven concept and a repeatable business model with 5+ locations. Solid unit economics and profitable franchisees. Prefer franchisors with EBITDA of at least $500k. Interested in supporting the existing entrepreneurs, their management teams, and aggressive growth plans.

Commercial Accounts Receivable Management Services – Large Private Equity Group looking to acquire synergistic add-on companies for a new portfolio company in the commercial debt collection sector. Seeking companies in the insurance market that focus on (but not limited to) 1st and 3rd party collections, premium and deductible debt collection, subrogation recovery. Location in U.S.

Commercial Real Estate Appraisal and Assessment National Commercial Real Estate Services firm looking to acquire additional market leaders in US geography with a focus on valuation and assessment as well as specialties in the following segments: Health Care/Hospital/Assisted Living, Retirement Facilities, Mobile Home Properties, Entertainment/Hospitality/Resort Properties, Marinas, Convenience Stores/Petro/Fuel.  Additionally seeking to add new service offerings in Asset Management, Environmental Engineering / Assessment, Construction Monitoring, Tax Appeal, and others.

Underground Infrastructure Services Northeast based Private Equity Firm looking to acquire non-union company that offers pipe and structure cleaning and restoration in the water, sewer and processing plants space. Location in the U.S. (mainly Southeast, Texas, Gulf States, Midwest, Mid-Atlantic) with min. EBITDA of $4MM.

Mobility Space – Trusted company in the engineering space is looking to partner with strategically and culturally aligned businesses and startup companies that shape the evolution of mobility industries and enable cutting-edge technology. Key service areas include: Certification, SaaS, Standards, Testing, Consulting in the broad spectrum of mobility space, Data Collection, Security, Accessibility, Integration, Data Storage, and Data Transmission. For-profit companies with at least $2MM in annual revenue.  Open to multi-national/global geography. 

 

OTHER INDUSTRIES:

Specialized Tax Advisory – Leading private equity group seeking a platform investment in a strong, growth-driven specialized tax consulting services firm, emphasizing R&D tax credit services. Additionally, they are interested in investing in firms providing other tax credit and incentive offerings such as WOTC, property tax consulting, sales and use tax audits, energy efficiency tax credits, and cost segregation studies. Seeking businesses with annual revenues of at least $10MM and 20%+ profit margins, with history of consistent and profitable growth. Geography: US and Canada.

GP-led Secondary Investments – Niche lower middle market GP-led secondary private equity firm seeking to partner with independent sponsors, managers of mature funds, mezzanine lenders/SBIC funds. Strategy allows flexibility for firm’s investors to provide full or partial liquidity; options designed to deliver attractive returns for investors, today; dry powder for growth and acquisitions; a new pool of carried interest; and other benefits. Seeking investments of at least $10MM with significant flexibility in terms of designing win-win deal structure to maximize a number of situations.  

Express Car Wash Space – Market-leading company in the express car wash space is interested in partnering with strategically aligned Car Wash Operators through acquisition and partnership opportunities to build a leading platform company in the rust belt area. The company offers a unique opportunity for value enhancement and growth. The structure is designed to help sellers offload the administrative tasks of running a business, allowing the sellers to remain in a consulting or managerial capacity.  Seeking Express Car Washes with a tunnel wash, Flex Car Washes offering both express and detailing, 24-drive car washes in PA, OH WV with at least $500,000 in annual revenues. 

Home Maintenance Franchise Platform – Large international retailer of home maintenance, repair and improvement products and services is looking to partner with an operator in the Residential Plumbing, Electircal and HVAC maintenance and repair industry, with a vision to establish and lead a new and rapidly growing franchise system by leveraging the brand of this large mult-national retail brand.  Seeking operators with at least $2MM of EBITDA. Location: All of US.

 

If you are aware of any company that fits the above criteria and would be interested in a confidential dialogue, please contact Sara Clevenger:

Sara Clevenger, Principal, provides strategic direction and oversight for the firm’s Acquisition Support Investment Banking Group. Ms. Clevenger brings over 15 years of experience in Corporate Development, Mergers & Acquisitions, Commercial Real Estate Development, Portfolio and Transaction Management. Sara’s full bio is available here.

M: (412) 916-5026
O: (248) 309-3730 ext. 306
E: sclevenger@goblueriver.com