Blue River
Listed below are Blue River’s historical acquisition projects for MANUFACTURING
Industrial Engineered Products – A dynamic private equity firm with an entrepreneurial focus is seeking to build a national engineered products solutions platform by complementary acquisitions of companies offering engineered solutions, with emphasis on Industrial Engineered Products, MRO services, and OEM collaborations. Targeting end markets including Industrial Automation, Motion Control, Fluid Power, and Flow Control.
Key Investment Criteria:
- Offerings of Interest: Industrial engineered products, OEM collaborations, MRO services
- End Markets Served: Industrial Automation, Motion Control, Fluid Power, Flow Control
- Geography: United States
- Financial Profile: $15MM–$20MM in EBITDA
Manufacturers of Engineered Products – Private equity-backed holding company with four strategically aligned business units focused on precision stampings and assemblies, spherical rod end bearing assemblies, aircraft instrumentation and engineered components. Seeking complementary manufacturers of engineered components. Offers flexible deal structures and values operators who wish to stay involved.
Key Investment Criteria:
- Offerings of Interest: Precision stampings, bearing assemblies, instrumentation, engineered components
- End Markets Served: Aerospace/Defense, Automotive, Medical, Agricultural
- Geography: United States
- Financial Profile: At least $1MM in EBITDA
Manufacturer of Specialty High Performance Coatings – Private equity-backed manufacturer of specialty high performance coatings for industrial, OEM, and MRO market segments seeks complementary acquisitions of strategically aligned brands that share its dedication to innovation, premium quality, and service.
Key Investment Criteria:
- Offerings of Interest: Specialty coatings, performance coatings, OEM/MRO-targeted brands
- End Markets Served: Industrial, OEM, MRO segments
- Geography: North America
Power Generation and Transmission – Private equity fund seeks family or founder-owned company in the power generation and transmission sector. Plans to integrate manufacturing, distribution, and services into a best-in-class platform. Targets companies providing components, assemblies, or services including grid equipment repair and maintenance.
Key Investment Criteria:
- Offerings of Interest: Power generation components, assemblies, distribution, maintenance services
- End Markets Served: Power generation and transmission
- Geography: Midwest, Mid-Atlantic, Texas, East Coast
- Financial Profile: $3MM–$15MM in EBITDA
Durable Medical Equipment Rentals – Private equity-backed provider of durable medical equipment rental services to the hospice care segment. Looking to acquire similar businesses in the western U.S. with strong market reputation and profitable growth.
Key Investment Criteria:
- Offerings of Interest: Durable medical equipment rental
- End Markets Served: Hospice, senior living, long-term care
- Geography: CA, NV, AZ, NM, CO, UT, OR, WA
Engineered Components – Private equity-backed value-added supplier of custom engineered cable and connectivity solutions for high-reliability environments is looking to partner with engineered component suppliers. Product categories of interest include transformers, sensors, RF/microwave components, shielding, and other ruggedized solutions.
Key Investment Criteria:
- Offerings of Interest: Magnetic components, cable assemblies, RF/microwave components, sensors, amplifiers, EM shielding
- End Markets Served: Defense, Metals, Aerospace, Industrial Automation, Medical, Rail & Transit
- Geography: North America
Machine Tool Metrology Equipment and Services – Leading distributor and service provider for machining, metrology, and automation equipment seeks partners in these segments. Strategy is to become Midwest’s top provider of precision solutions through comprehensive offerings.
Key Investment Criteria:
- Offerings of Interest: Machine tools, metrology equipment, automation systems
- End Markets Served: Precision manufacturing, industrial automation
- Geography: Midwest United States
Industrial Roller Coatings – Provider of elastomeric, ceramic, polyurethane, and metal matrix coverings and heated rollers seeks strong partners offering industrial roller coatings and adjacent services. Acquirer emphasizes scale, quality, and reinvestment capacity.
Key Investment Criteria:
- Offerings of Interest: Industrial roller coatings, heated rollers, composite shafts and sleeves
- End Markets Served: Industrial manufacturing, printing, packaging
- Geography: North America
Industrial Engineered Products – Private equity firm focused on MRO-centric industrial engineered product businesses seeks acquisitions. Interest lies in companies aligned with OEMs, offering significant partnership value and growth through operational support and transparency.
Key Investment Criteria:
- Offerings of Interest: Industrial engineered products, OEM-related components, MRO support
- End Markets Served: Industrial MRO, OEM supply chains
- Geography: United States
Automotive Aftermarket – Manufacturing and Distribution – Private equity firm with deep experience in automotive aftermarket seeks to acquire U.S.-based companies with $8MM+ EBITDA. EV alignment a plus, not a requirement. Focus areas include replacement parts, performance upgrades, electronics, fluids, tools, and accessories.
Key Investment Criteria:
- Offerings of Interest: Aftermarket parts, upgrades, accessories, tools, fluids
- End Markets Served: Automotive aftermarket
- Geography: United States
- Financial Profile: Minimum $8MM EBITDA
Custom Chemical Manufacturer – PE-backed chemical manufacturer seeks acquisitions in the Agriculture, Horticulture, and Turf & Ornamental industries. Focused on growth-oriented businesses offering advanced technologies.
Key Investment Criteria:
- Offerings of Interest: Adjuvants, Bio-stimulants, Micronutrients, Nutrient Efficiency, Fertilizers
- End Markets Served: Agriculture, Horticulture, Turf & Ornamental
- Geography: Western Untied States
- Financial Profile: $5MM–$20MM revenue (EBITDA not specified)
Plastic and Rubber-based Contract Manufacturer – Seeking add-ons in engineered molded products including micro, metal injection, silicone, dip, extrusion, compression, and transfer molding. Preference for companies serving high-spec markets.
Key Investment Criteria:
- Offerings of Interest: Micro molding, Silicone Rubber, Metal Injection, Extrusion, Thermoforming
- End Markets Served: Medical, Aerospace & Defense, Electrical, Fortune 500
- Geography: North America (esp. Pacific NW, Southeast); worldwide sales acceptable
Human Hygiene Industry – PE-backed hygiene platform seeks add-ons in hand hygiene technologies or services. Interest in infection prevention products serving food processing and industrial hygiene.
Key Investment Criteria:
- Offerings of Interest: Hand hygiene technology, infection control products, sanitation services
- End Markets Served: Food Processing, Healthcare, Industrial Facilities
- Geography: United States., Canada, Europe
- Financial Profile: Minimum $500K EBITDA
Precision Machining Manufacturer – Midwest PE firm seeks CNC machine shops with advanced capabilities (beyond basic milling/turning). Focused on precision components in high-spec end markets.
Key Investment Criteria:
- Offerings of Interest: Advanced CNC machining, high-precision components
- End Markets Served: Aerospace, Space, Medical, Telecom, Industrial Automation, Robotics
- Geography: NC, SC, FL, GA, AZ, TX, CT, MA, MN, WI, CA, WA
- Financial Profile: $3MM–$10MM revenue (sweet spot: $4MM–$8MM); Min. $500K EBITDA
Medical Device Manufacturing – Global innovator in polymer technologies seeks acquisitions of complex medical device manufacturers. Interested in niche manufacturing capabilities with scale.
Key Investment Criteria:
- Offerings of Interest: Medical device manufacturing, complex polymer solutions
- End Markets Served: Healthcare, Life Sciences
- Geography: Americas (HQ); Global acceptable
- Financial Profile: $50MM–$500MM revenue
Engineering Solutions & Controls Manufacturing – Midwest PE firm seeks add-ons to a platform in HVAC electrical components. Targets include OEM and aftermarket suppliers in industrial systems.
Key Investment Criteria:
- Offerings of Interest: Electrical components, controls manufacturing for HVAC and industrial use
- End Markets Served: HVAC, Refrigeration, Irrigation, Welding, Water Heating, Pool & Spa, Vehicle Charging
- Geography: North America
- Financial Profile: Minimum $500K EBITDA
Process Equipment / Controls – Holding company seeks to acquire firms making powder/bulk handling equipment or process cooling technology. Seeking businesses serving diverse industrial markets.
Key Investment Criteria:
- Offerings of Interest: Material handling equipment, process cooling systems
- End Markets Served: Food Processing, Chemical, Pharmaceuticals, Agriculture
- Geography: United States
- Financial Profile: $5MM–$50MM revenue
Metals Forming – PE group backing a seasoned exec seeks metal forming companies using machining, stamping, forging, etc. Non-ferrous material capabilities are a plus.
Key Investment Criteria:
- Offerings of Interest: CNC machining, stamping, EDM, ECM, net shape forging, metal parts & components
- End Markets Served: Medical, Electronics, Aerospace, Defense, Telecom
- Geography: Eastern United States
- Financial Profile: Minimum $2MM EBITDA
VMS Manufacturing/Distribution – PE fund with $2.4B capital seeks platform investment in vitamins, minerals, supplements (VMS). Preference for contract manufacturers, distributors, and MLMs.
Key Investment Criteria:
- Offerings of Interest: VMS manufacturing, distribution, multi-level marketing
- End Markets Served: Nutritional Products, Wellness, Consumer Health
- Geography: United States or Canada
- Financial Profile: Minimum $3MM EBITDA
Test and Measurement Product Manufacturing/Services – PE-sponsored science & tech company seeks add-ons in safety testing, sensors, and diagnostics. Focus on critical applications in regulated environments.
Key Investment Criteria:
- Offerings of Interest: Safety Testing Equipment, Sensors, Data Acquisition Systems, Diagnostics, FEA tools
- End Markets Served: Life Sciences, Industrial Safety, Diagnostics, Automotive, Aerospace
- Geography: United States, Canada, Europe (Global acceptable)
- Financial Profile: Minimum $3MM EBITDA
Fluid Management Product and Services Company – Large private equity firm seeks to acquire U.S. or Canadian companies involved in fluid management manufacturing or services. Areas of interest include water treatment, lubricants, boiler systems, and fluid-related consulting.
Key Investment Criteria:
- Offerings of Interest: Boiler & water heaters, chemicals, lubricants, fluid-related systems & services
- End Markets Served: Water Treatment, Environmental Services, Manufacturing, Utilities
- Geography: United States or Canada
- Financial Profile: $1MM–$25MM EBITDA
Food Equipment Manufacturing – Diversified public holding company seeks family-run or privately held U.S./Canada-based food equipment manufacturing companies with meaningful scale.
Key Investment Criteria:
- Offerings of Interest: Food processing and kitchen equipment manufacturing
- End Markets Served: Food Service, Commercial Kitchens, Food Processing
- Geography: United States or Canada
- Financial Profile: Minimum $10MM EBITDA
Precision Components – PE-backed manufacturer and distributor of precision machined components seeks acquisitions to grow within or beyond agricultural and industrial equipment sectors.
Key Investment Criteria:
- Offerings of Interest: Precision machined components, manufacturing, distribution
- End Markets Served: Agricultural Equipment, Industrial Equipment
- Geography: Untied States or Canada
- Financial Profile: Minimum $1MM EBITDA; Revenue $5MM+
Rail Product Manufacturing/Services – Public holding company seeks large, family-run rail product manufacturing or service firms. Strategic focus on essential infrastructure sectors.
Key Investment Criteria:
- Offerings of Interest: Rail components, rail infrastructure equipment and services
- End Markets Served: Rail Infrastructure, Transportation
- Geography: United States or Canada
- Financial Profile: Minimum $10MM EBITDA
Precision Plastics and Advanced Materials Manufacturing – Eastern U.S.-based PE firm seeks acquisitions for a precision plastics and advanced materials platform. Key focus on defense, aerospace, and medical end markets.
Key Investment Criteria:
- Offerings of Interest: Precision plastics machining, advanced materials, fabrication
- End Markets Served: Medical, Aerospace, Defense
- Geography: United States or Canada
- Financial Profile: $5MM–$50MM revenue
Specialized Chemical Manufacturers – PE firm seeks niche chemical manufacturers and distributors with strong market positions and defensible niches across North America.
Key Investment Criteria:
- Offerings of Interest: Specialty chemical manufacturing and distribution
- End Markets Served: Chemical, Industrial, Specialized Materials
- Geography: North America
- Financial Profile: $3MM–$15MM EBITDA
Manufacturing Companies – Private family investor seeks profitable Southeastern Michigan-based manufacturers of non-automotive products. Job shop operations are not of interest.
Key Investment Criteria:
- Offerings of Interest: General manufacturing (excluding job shop operations)
- End Markets Served: Non-automotive sectors, general manufacturing
- Geography: Southeastern Michigan
- Financial Profile: $2MM–$15MM revenue; profitable
Custom Engineered Composite Solutions – A leading material science company adept at developing highly engineered components for various applications to solve complex problems is actively pursuing strategic acquisitions to expand its market-leading presence.
Key Investment Criteria:
- Offerings of Interest:Laminates, Fiberglass Reinforced Plastic, Cast Resin, and Other Composite Solutions, Fabrication of Highly Engineered Components, Differentiating Process Technologies.
- End Markets Served:Defense, Aerospace, Medical, High Voltage, Electrical, Infrastructure, Nuclear.
- Geography: North America
- Financial Profile: $1MM to $5MM in EBITDA, $10MM to $25MM in annual revenues.
Others:
- Add-on
- Platform search, Minimum of $2MM EBITDA
- Platform search, Minimum of $2MM EBITDA
- Filter manufacturing platform search, Minimum of $2MM EBITDA
Sara Clevenger, Partner & Buy-Side Practice Leader, 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
