AUSTIN, Texas--(BUSINESS WIRE)--
Blue Sage Capital announced today that it sold its interest in MultiCam,
Inc. to Rosewood Private Investments. Dallas-based MultiCam is one of
the leading manufacturers of CNC cutting equipment. Its product line
includes routers, digital finishing, lasers, water jets, and plasmas
that are sold worldwide through a unique global distribution network.
Blue Sage made its initial investment in a recapitalization transaction,
partnering with founder Ken Koelling, in April 2008.
“Blue Sage was an invaluable resource in growing our company.Their
strategic input and guidance allowed us to fundamentally transform what
we do by systematically undertaking new product development, recruiting
and creating aligned interests with a top-flight management team, and
generally inculcating a performance-oriented, metrics-driven culture.They were outstanding partners,” said Koelling.
Blue Sage co-founding partner, Jim McBride, allowed, “We appreciate
the trust Ken placed in us and were privileged to steward MultiCam over
this exciting phase of the Company’s evolution.Our operating
partner and president, Kris Hanchette, led the charge, leveraging his 17
years of experience with MultiCam to drive revenue and profit to new
Blue Sage was represented in the transaction by Deloitte Corporate
Finance (Tom Spivey) and Graves Dougherty Hearon and Moody (Thomas
Blue Sage Capital recently closed its second fund, Blue Sage Capital II,
L.P. Blue Sage invests in profitable, growing, lower middle-market
industrial, manufacturing, service and distribution companies with
revenue of $20 to $100 million and EBITDA of $5 to $10 million. Of
particular interest are opportunities to partner with founders as the
first round of institutional capital in a recapitalization transaction
and companies that enjoy leadership positions in niche industries.
For questions or inquiries, please contact Jim McBride at 512-536-1900
or email Jim.McBride@bluesage.com.
Blue Sage Capital
Jim McBride, 512-536-1900
Source: Blue Sage Capital