Blue Sage Capital Exits Ashbrook

AUSTIN, Texas – Blue Sage Capital is pleased to announce it has completed the sale of Ashbrook Simon-Hartley to Swedish corporate buyer Alfa Laval. Blue Sage was the majority controlling shareholder of Ashbrook.

Headquartered in Houston, Texas, Ashbrook is an industry leader in liquid and solid separation technologies for the wastewater industry. The company provides highly efficient and cost effective solutions for dewatering and process system requirements for large customers. Ashbrook has a global presence with offices in the United States, the United Kingdom, Chile, and Brazil.

Blue Sage Capital invested in Ashbrook in 2005 and completed two follow-on acquisitions that materially expanded the company’s product offering. The private equity firm partnered with Ashbrook’s management team to achieve continued growth and increased profitability throughout Blue Sage's ownership. Bob Williams, President of Ashbrook, said “We were able to partner with an outstanding team at Blue Sage. Blue Sage provided active operational expertise, and we grew the business together. We are enthusiastic about the future with Alfa Laval.”

“This transaction is exciting for all parties and delivers strong returns to our investors,” said Peter Huff, Co-Founder and Managing Member at Blue Sage Capital. “We wish Ashbrook continued success with the Alfa Laval team.”

Raymond James served as exclusive financial advisor to Ashbrook Simon-Hartley and its owners including Blue Sage Capital in connection with this transaction.

About Blue Sage Capital

Blue Sage Capital is an Austin, Texas-based private equity firm founded by Peter Huff and Jim McBride. Blue Sage specializes in growth, recapitalization and buyout financings of smaller middle-market companies based in Texas and the Southwest. Most of Blue Sage’s investments are in established, profitable companies with $5-100 million of revenue and $2-8 million of cash flow at the time of investment. Blue Sage invests in a variety of industries, with each initial investment in a company ranging from $5-15 million.

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Please contact Peter Huff of Blue Sage Capital at 512.431.4237 for any requests for comments or questions.

About Alfa Laval

Alfa Laval is a leading global provider of specialized products and engineering solutions based on its key technologies of heat transfer, separation and fluid handling. The company’s equipment, systems and services are dedicated to assisting customers in optimizing the performance of their processes. Alfa Laval’s worldwide organization works closely with customers in nearly 100 countries to help them stay ahead in the global arena. Alfa Laval is listed on Nasdaq OMX, and, in 2011, posted annual sales of about SEK 28.6 billion (approx. 3.2 billion Euros). The company has today about 16,000 employees.

About Raymond James Financial, Inc.

Raymond James Financial (NYSE-RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its four principal wholly owned broker/dealers, Raymond James & Associates, Raymond James Financial Services, Morgan Keegan & Co, Inc. (branded as Raymond James | Morgan Keegan) and Raymond James Ltd., have more than 6,000 financial advisors serving over 2 million accounts in more than 2,500 locations throughout the United States, Canada and overseas. In addition, total client assets exceed $360 billion, of which approximately $40 billion are managed by the firm’s asset management subsidiaries.