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Black Bay Energy Capital Announces Acquisition Of Advanced Industrial Devices From Rock Island Capital

May 17, 2022•about 3 years ago

Acquiring Company

Black Bay Energy Capital

Acquired Company

Advanced Industrial Devices

SustainabilityFinancial ServicesSoftwareNatural Resources

Description

Black Bay Energy Capital (“Black Bay”), a private equity firm focused on the North American energy sector, announced that it has acquired a majority interest in Advanced Industrial Devices (“AID” or the “Company”) from Rock Island Capital (“Rock Island”). AID is a leading provider of electric motor automation and control solutions for oil and gas and industrial applications.

Company Information

Company

Black Bay Energy Capital

About

Black Bay is a private equity firm focused on the North American energy sector. Black Bay invests equity capital alongside talented entrepreneurs that provide a differentiated product or service to their clients to help reduce costs, improve operations, and achieve ESG initiatives. The firm’s investment strategy and success stem from the more than 75 years its investment professionals have been working day-to-day with great teams and building high-growth companies. www.blackbayenergy.com

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed