Blue Sage Exits C&M Conveyor

Blue Sage Capital announced today that it closed on the sale of C&M Conveyor, Inc. to CapitalWorks, LLC, a Cleveland-based private equity firm.

Based in Bloomington, Indiana, C&M Conveyor designs, engineers, manufactures and services turnkey automated material handling and conveying systems, serving as a value-added and critical partner to its industrial and commercial customers, particularly in the corrugated box industry. Blue Sage made its initial investment in C&M Conveyor in July 2006.

Blue Sage and other stakeholders were represented in the transaction by BB&T Capital Markets.

About Blue Sage

Blue Sage is an Austin, Texas-based private equity firm specializing in growth, recapitalization and buyout financings of small middle market companies. With over fifteen years as a team and over $200 million in assets under management, we have extensive experience transitioning founder-run businesses and seek companies with leadership in their niche. Most of Blue Sage’s investments are in established, profitable companies with $20 million to $100 million of revenue and $3 million to $12 million of cash flow. Blue Sage invests in a variety of industries, with each initial investment typically ranging from $10 million to $20 million.

For questions or inquiries, please contact Jim McBride at 512-536-1900 or email