Black Opal Equity has launched as a Jersey City, N.J.-based private equity firm focused on U.S. middle-market businesses in the infrastructure, essential service and government sectors. Managing partner Matthew Day previously focused on infrastructure and essential services investments with Macquarie.
Black Opal Equity LLC launches today. Black Opal Equity is a unique, privately held investment firm that specializes in acquiring and actively managing established middle-market businesses in the United States.
Black Opal Equity will invest in companies that service, or partner with, the infrastructure, essential service and government sectors in the United States.
Black Opal Equity looks to acquire well-established companies with strong potential for organic growth, typically with annual EBITDA of between $2.5 million and $20 million.
Black Opal Equity is lead by Matthew Day, who has spent much of his career at The Macquarie Group, making private equity acquisitions in the infrastructure service and essential service sectors.
Black Opal Equity’s strategy is to make controlling investments in private companies and to assume an active, day-to-day operational role. As owner-operators Black Opal Equity is able to provide additional management resources as well as growth capital to help develop market-leading enterprises.
Black Opal Equity’s active participation strategy provides a unique liquidity opportunity for business owners looking to remove, or partially remove, themselves from day-to-day operations, as well as for larger businesses looking to divest of non-core divisions.
Black Opal Equity represents the capital and expertise of an accomplished group of institutional and individual investors, entrepreneurs and operators. The team has acquired and grown numerous profitable middle-market businesses, and understands the financial and operational issues faced by owners and managers of growth companies. Black Opal Equity’s active management strategy demonstrates its high level of commitment to driving its investments to success.
Mr. Stephen Clearman, Managing Partner and Founder of Kinderhook Partners, said: “We are strong believers in the value of the infrastructure service and essential service sectors. We look forward to working with Black Opal to unearth these opportunities and invest into sectors which provide the foundation of US enterprise.”
Matthew Day, Managing Partner of Black Opal Equity, said: “This venture provides a very unique access to infrastructure service and essential service investment opportunities — at a time when the future vision for the infrastructure backbone of America is experiencing a great deal of re-evaluation and re-investment from both the government and private sectors.”
About Black Opal Equity
Black Opal Equity is a unique, privately held investment firm that specializes in acquiring and actively managing established middle-market businesses in the United States. Black Opal Equity represents the capital and expertise of an accomplished group of institutional and individual investors, entrepreneurs and operators.
For more information visit http://www.blackopalequity.com