Blue Sage invests in All-State

Blue Sage Capital has made an investment in Des Moines, Iowa-based All-State Industries, a manufacturer of non-metallic components for OEMs. No financial terms were disclosed.

PRESS RELEASE

AUSTIN, Texas–(BUSINESS WIRE)–Blue Sage Capital is pleased to announce its recently completed investment in All-State Industries, Inc. (“All-State”). Headquartered in Des Moines, Iowa with six manufacturing facilities located throughout the Midwest and Texas, All-State is a leading manufacturer of non-metallic components for OEMs across a diverse range of end markets. The Company was founded in 1974 by Bob Pulver and has a demonstrated history of partnering with its customers to design and manufacture solution-oriented products that are used for sealing, acoustics, thermal management, motion control, instrumental panel and impact absorption applications.

All-State’s CEO, Scott Pulver, commented, “We are excited about our partnership with Blue Sage and look forward to the next phase of our company’s growth. Blue Sage has an excellent track record of investing in family-owned manufacturing businesses, and we plan to leverage their strategic and financial resources in order to further expand All-State’s reach and capability set within non-metallics. We plan to invest in additional capacity, pursue targeted acquisitions and enter new end markets, while maintaining the highest level of product quality and service levels for our customers.”

Peter Huff, Co-Founder and Managing Member of Blue Sage, stated, “We are thrilled to announce our partnership with All-State. This business fits squarely within our strategy of partnering with family-owned companies that are leaders in their niche industries. Highlighted by the Company’s impressive growth trajectory over the past two decades, All-State is a premier provider of innovative engineered products for the industrial economy, and we look forward to working with the Company’s management team to execute upon our shared vision for growth.”

All-State is Blue Sage’s ninth and final platform investment from Blue Sage Capital II, L.P. and the inaugural platform investment from Blue Sage Capital III, L.P.

About Blue Sage
Blue Sage Capital is an Austin, Texas-based private equity firm that has invested in profitable, growing, lower middle-market companies since 2002. Blue Sage has over $300 million of assets under management and partners with founders, families and management teams as the first round of institutional capital for businesses that enjoy leadership positions in niche manufacturing, environmental solutions or specialty services industries. Blue Sage typically invests $20 million to $40 million in control buyout investments and recapitalizations of companies with $20 million to $125 million of revenue.