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Blackford Capital Acquires Artificial Turf Supply, Accelerates Growth Of Patio Consolidation Portfolio

Nov 30, 2022over 2 years ago

Acquiring Company

Blackford Capital

Acquired Company

Artificial Turf Supply (ATS)

Grand RapidsInvestment ManagementManufacturing

Description

Blackford Capital ("Blackford"), a leading lower middle market private equity firm, announced today the acquisition of Carlsbad, California-based Artificial Turf Supply (ATS), a manufacturer, distributor and internet-based supplier of high-quality synthetic and artificial turf products with applications across residential, commercial playground, pet and athletics in both B2B and B2C segments in the United States.

Company Information

Company

Blackford Capital

Location

Grand Rapids, Michigan, United States

About

Blackford Capital is a private equity investment firm headquartered in Grand Rapids, Michigan. Blackford Capital makes majority control investments in founder and family-owned, lower middle-market manufacturing, industrial, and distribution companies. Currently, Blackford Capital has eleven portfolio companies. Blackford and their team members have received a number of recognitions over the past several years, including M&A Adviser Private Equity Firm of the year, Corp. Magazine Small Company of the Year (Michigan), GR Chamber of Commerce Small Business of the Year (West Michigan), numerous recognitions on the Inc. 5000 fastest growing private companies list and M&A Adviser Private Equity Professional of the Year (Martin Stein).

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

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