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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:

Automotive Refinish & Industrial Coatings and Supplies – Leading distributor of automotive refinish and industrial coatings and supplies, servicing collision repair centers, automotive dealerships, fleet, and multi-shop operators, is looking to acquire similar distributors in the automotive and industrial paint, refinishing industry, and adjacent segments to drive additional growth through transaction-based partnerships. Buyer is looking to expand its geographic footprint, increase market penetration, broaden service offerings and further its distribution capabilities. This is an opportunity to leverage buyer’s national coverage and reach for cross-selling opportunities, as well as access capital to further invest in organic growth and strategic acquisitions. Seeking businesses in the US with EBITDA of at least $1MM and at least $5MM in Annual Revenue.

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 / Laboratory Products & Testing Services – Private Equity-backed Strategic buyer looking to acquire synergistic add-on acquisitions in the value-added distribution, manufacturing of water treatment testing product and laboratory and testing services. 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.

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.

Power 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.

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:

Durable Medical Equipment Rentals – Private Equity-backed leading provider of durable medical equipment rental services to the hospice care segment is looking to acquire similar high-quality businesses in the durable medical equipment rental market that serve hospices or other end markets such as senior living and long term care. Acquirer seeks to partner with strong businesses with a growing customer base and excellent market reputation. Seeking businesses in CA, NV, AZ, NM, CO, UT, OR, WA with track record of consistent profitability and growth with high margins.

Engineered Components: Magnetic, Cable Assembly, RF/Microwave Components – Private Equity-backed value-added supplier of custom engineered, premium, cable and connectivity solutions for critical, high-cost, failure applications is looking to partner with engineered components suppliers in end marketing including defense, metals, industrial automation, aerospace, medical, rail & transit and other ruggedized environments. Example product categories of high interest include Transformers/Planar Transformers, Sensors, Isolators, Amplifiers, EM Shielding and other categories.

Machine Tool Metrology Equipment and Services – Leading value-added distributor and service provider for advanced machining, measuring, and automation equipment is looking to partner with distributors of goods and/or services in the Machine Tool, Metrology and Automation segments. Acquirer’s vision is to become Midwest’s leading source for quality machine tools and metrology solutions by advancing the precision manufacturing industry with knowledge and comprehensive offerings.

Provider Of Industrial Roller Coatings – Provider of elastomeric, polyurethane, ceramic and metal matrix coverings, as well as electrically heated rollers and composite shafts, cores, cylinders and sleeves, is looking to partner with strong, growing provider of industrial roller coatings and adjacent services. Acquirer has become the partner of choice for companies seeking to join a leading organization with long-lasting tradition, scale, substantial service offering, and significant resources dedicated to Capex, marketing, quality control, and ongoing business development.

 

BUSINESS SERVICES:

Managed Service Provider – Private Equity-backed leading IT Managed Service Provider for small and mid-sized businesses is looking to partner with strategically and culturally aligned providers of IT managed services across the mid-Atlantic and southern states, to achieve the next level of growth, support a broader client footprint, and leverage best practices while sharing economies of scale. Buyer is focused on value enhancement and growth, rather than cost reduction. Seller will gain access to best-in-class sales forces and offshore support capabilities, which will be used selectively to support customers more cost-effectively, providing a competitive advantage.

 Accounting, Tax And Valuation Firms – Leading private equity firm seeks to build a premier professional services firm serving the Office of the CFO. Its team is looking to partner with best-in-class accounting (non-audit) as well as tax and valuation firms to solve challenging client problems and accelerate growth. Focused on value enhancement and growth, not cost reduction. World-class operating executives support its portfolio companies in their growth and value-creation objectives.

Industrial Air Filtration Products – Family of leading filtration brands with innovative technologies in attractive niche applications is looking to acquire companies offering finished filter products and related products/materials and emerging technologies. Industry Focus: HVAC Filters, Commercial and Industrial systems, Medical Devices. Industries Served: Medical, Industrial, Commercial, Data Centers. Seeking businesses in the US and Canada with EBITDA of approx. $1MM.

Testing And Certification Services – Private Equity-backed leader in the healthcare compliance and testing market is seeking strategic partnerships with companies providing testing and certification services within the Controlled Environment and/or Medical Gas industries. Acquirer’s goal is to grow its presence in core geographies, further expand its footprint and enhance its service offerings and add to its team of leaders and its robust network of highly trained technicians.

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 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.

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:

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, Electrical 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 multi-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