Chicago, IL – November 22, 2017 – Svoboda Capital Partners (“SC”) has sold its position in Blake & Pendleton (“B&P”) in a management-led buyout transaction where CEO Allen King and the B&P management team partnered with Five Points Capital to recapitalize the business.
Headquartered in Macon, Georgia, B&P is a leading value-added distributor of air compressors, compressed air automation systems, pumping equipment, and flow control products in the Southeastern United States. The Company is a regional market leader in the compressed air market with over 14 locations across the Southeastern United States. Since 1971, the Company has served customers across a variety of end markets – manufacturing, textiles, food, automotive, agriculture, etc. – augmenting its product offering with a range of on-site and consultative technical services.
Allen King, CEO of B&P, and the rest of the management team will continue forward with the Company as majority stakeholders. “Our partnership with SC has been beneficial and enhanced the long-term growth and success of B&P,” King said. “As we move forward into the next phase, we are excited to build upon our strong foundation to continue growing our business.”
Svoboda Capital Partners originally recapitalized B&P in partnership with management in 2013. “On behalf of Svoboda Capital Partners, it has been a pleasure to work with the team at B&P. Under Allen’s leadership, the team has built a strong organization that is committed to their customers and highly respected within the industry,” said Richard Harpster, Managing Director at Svoboda Capital Partners. “We are excited for the opportunity this gives management going forward as majority owners.”
About Svoboda Capital Partners LLC
Svoboda Capital Partners LLC is a Chicago-based private equity firm with over $350 million of capital under management. Founded in 1998, SC identifies, invests in and helps build excellent businesses in its targeted business niches: business services, value-added distribution, and consumer products. SC typically makes investments of $10 to $20 million per company in partnership with management teams.
About Blake & Pendleton
Blake & Pendleton (www.blakeandpendleton.com) services customers using the latest technology in compressed air, vacuum, heat transfer, automation, pumping, and flow control equipment. Through their multi-branch network, B&P supplements its premier product offering with technical and service support for the life of equipment. B&P now has over 160 employees spread across 12 branches strategically located throughout Alabama, Georgia, Northern Florida, Mississippi, North Carolina, and Tennessee. Additional service depots allow B&P to quickly deploy its fleet of trucks and certified technicians, providing best-in-class service.