Austin, TX – 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.”
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 levels.”
Blue Sage was represented in the transaction by Deloitte Corporate Finance (Tom Spivey) and Graves Dougherty Hearon and Moody (Thomas Queen).
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.