Blue Point Capital buys Russell Food Equipment

Blue Point Capital Partners has acquired Russell Food Equipment Ltd. via a recapitalization. Financial terms weren’t announced. Vancouver, British Columbia-based Russell is a distributor, manufacturer and service provider of foodservice equipment and supplies in Canada.

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Blue Point Capital hires Red Ventures exec as principal

Blue Point Capital Partners has hired Brian Castleberry as a principal in the Charlotte office. He was most recently a vice president at Red Ventures. He previously worked as a vice president at Blue Point. The firm also promoted Jeff Robich and Ben Newman to vice president roles.

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Blue Point exits Callison Architecture

Blue Point Capital Partners has sold its stake in Callison Architecture to ARCADIS. No financial terms were disclosed. Based in Seattle, Callison is an architecture and interior design firm.

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ARCADIS to buy PE-backed Callison

ARCADIS has agreed to acquire Callison, a portfolio company of Blue Point Capital Partners. No financial terms were disclosed for the transaction, which is expected to be completed in the third quarter of this year. Harris Williams & Co. is serving as financial advisor to Callison. Based in Seattle, Callison is an architecture and interior design firm.

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Blue Point Capital adds-on Onamac Industries to Selmet

Blue Point Capital Partners has acquired Onamac Industries, Inc., which makes machined components for the aerospace and defense industries. Onamac is the first add-on for Blue Point’s portfolio company Selmet, a maker of titanium castings to global aerospace and defense industries, which the firm acquired as a platform investment in 2011.

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Blue Point recaps eyewear company Hilsinger

Blue Point Capital Partners said Tuesday that it has recapitalized The Hilsinger Company. No financial terms were disclosed. Headquartered in Plainville, Mass., Hilsinger is a maker and distributor of eyewear products and accessories.

Blue Point recaps OrthoLite

Blue Point Capital Partners has recapitalized OrthoLite. Company management also participated in the transaction. Financial terms weren’t announced. Amherst, Mass.-based OrthoLite supplies comfort insoles and related shoe components to branded footwear company. BB&T Capital Markets provided financial advice to OrthoLite.

CDIB Capital Closes Smith-Cooper Deal

CDIB Capital International Corporation, the international private equity investment arm of China Development Financial Holdings Corporation, has closed on an investment in Smith-Cooper International, alongside strategic partner Blue Point Capital Partners. Formed in 1993, Smith-Cooper is a producer of pipe, valves and fittings to a wide range of customers and end markets.

BB&T Capital Partners Backs Blue Point Acquisition

BB&T Capital Partners has invested $12.5 million in equity to support the acquisition of Smith-Cooper International by Blue Point Capital Partners. Based in Commerce, California, Smith-Cooper International is a producer of high quality pipe, valves and fittings.

Quality Synthetic Rubber Sold to Lexington Precision Corporation

Quality Synthetic Rubber (QSR), a leading provider of custom molded synthetic rubber components has been sold to Lexington Precision Corporation, a portfolio company of Industrial Growth Partners. QSR was a portfolio company of Blue Point Capital Partners. Harris Williams & Co. acted as the exclusive advisor to QSR. PRESS RELEASE Harris Williams & Co., a […]

Blue Point Capital Partners Recaps Alco Manufacturing

Blue Point Capital Partners has recapitalized Elyria, Ohio-based Alco Manufacturing, a provider of close tolerance precision-machined steel components. Blue Point Capital Partners is a lower middle market private equity firm. KeyBank and Prudential Capital provided debt financing for the deal. Terms of the deal were not released.

Blue Point Capital Partners Exits Packers Holdings

Blue Point Capital Partners has exiting its stake in Packers Holding, selling the company to Harvest Partners. The sale yielded a 6x return for the middle market private equity firm. Specific terms of the sale to Harvest Partners were not released. Blue Point invested in Packers Holdings from its $400 million fund, Blue Point Capital Partners II L.P. Packers Holdings is a provider of outsourced cleaning and sanitation services to the food processing industry.

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