Blue Sage Capital invests in All-State Industries

Blue Sage Capital has made an investment in West Des Moines, Iowa-based All-State Industries, a provider of custom, highly-engineered nonmetallic components. No financial terms were disclosed. Lincoln International was the investment banking representative for All-State on the deal.


Lincoln is pleased to announce that Blue Sage Capital, an Austin, Texas-based private equity firm, has invested in All-State Industries.

Based in West Des Moines, Iowa, All-State Industries, Inc. (All-State) is a leading provider of custom, highly-engineered nonmetallic components.

All-State boasts a broad set of production capabilities and product categories, including acoustic & thermal insulation, cast polyurethane, die cut, machined plastics, vacuum forming and value-added services. The company’s products are sold to a variety of blue-chip customers across numerous end markets, including agricultural, construction, military, utility vehicles and recreational vehicles. All-State is a family-owned business that has developed a strong reputation after 45 years of operation.

Lincoln International acted as the exclusive investment banking representative for All-State, working closely with the company’s management team throughout the marketing, negotiation and due diligence phases of the transaction.