AUSTIN, Texas - Lower middle-market private equity firm Blue Sage Capital (“Blue Sage”) is pleased to announce the recently completed acquisition of Magnum Systems, Inc. (“Magnum”). Headquartered in Kansas City with an additional manufacturing facility in Parsons, Kansas, Magnum, through its Taylor Products and Smoot brands, is a leading designer and manufacturer of branded packaging and material handling solutions serving a diverse set of end markets, applications, and customers. The Company’s highly engineered products are designed to handle free-flowing materials that are difficult to package or convey in all types of manufacturing environments. Magnum’s products are recognized throughout the industry for their superior quality, performance, reliability and ease of use.
President and CEO of Magnum, Travis Wallace, remarked, “The Magnum management team is thrilled to partner with Blue Sage as we seek to lead the company into its next stage of growth. The Magnum brand is highly respected in the industry and with the resources and skill set Blue Sage can bring to bear, we believe the company is well-positioned for the future.”
Peter Huff, Co-Founder and Managing Member of Blue Sage, stated, “Magnum management and shareholders have built a solid business with a long track record of market leadership in the pneumatic material handling and packaging industries. We are delighted to partner with Travis Wallace and his team as we work together to accelerate the growth initiatives at the company.”
About Blue Sage
Blue Sage Capital has over $200 million in assets under management and invests in profitable, growing, lower middle-market industrial, manufacturing, service and distribution companies with revenue of $20 to $100 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 Peter Huff at 512-536-1900 or email Peter.Huff@bluesage.com.
Blue Sage was represented in the transaction by Graves Dougherty Hearon and Moody (legal), the Lockton Companies (insurance), Flieller, Kruger, Skelton & Plyler (tax), and Maxwell, Locke & Ritter (accounting).