Trending...
- $280B Invested, Mental Health Worsens—CCHR Demands Audit and Accountability
- Muench Workshops Unveils 2026 Schedule with More Than 70 New Photo Adventures
- Gigglybot.com Launches Regional eSIMs for Globetrotting Travelers
CHARLOTTE, N.C. ~ Charlotte, N.C. - Blue Point Capital Partners has announced the successful exit of SBG Holdings, a portfolio company of BPCP III, in a sale to Charger Investment Partners. The sale marks the end of a fruitful partnership between Blue Point and SBG, which has seen significant growth and expansion under Blue Point's ownership.
SBG Holdings is the parent company of SASE Company and Bartell Global, two leading providers of consumables and equipment for concrete flooring and other hardscapes. With a comprehensive portfolio of world-class products, including diamond tooling, abrasives, chemicals, dyes, grinding machines, and floor scrapers, SBG offers solutions for every stage of the concrete flooring lifecycle.
Blue Point first partnered with SASE in 2017 as the company's first institutional investor. As part of their value creation strategy, Blue Point facilitated multiple acquisitions for SBG, including the purchase of Bartell Global in 2021. This deal successfully brought together SASE's direct-to-contractor brands with Bartell's distribution channels.
More on eTravel Wire
Under Blue Point's ownership, SBG has more than doubled its workforce and expanded from two U.S. locations to 10 sites across North America, the UK, South Korea, and Singapore. This growth has allowed SBG to offer a wider range of solutions and support to contractors around the world.
Karl Moritz, CEO of SBG Holdings, expressed his gratitude for Blue Point's partnership: "Blue Point has been the right partner at the right time for SBG. Their wide range of resources and unparalleled support have enabled our team to create value across many key dimensions."
Blue Point Partner Brian Castleberry added: "We are grateful to the team for their efforts in driving growth and maximizing value for everyone involved in the sale of SBG. The platform's evolution is a testament to Blue Point's impact when we utilize our operating resources and experience in partnership with strong management teams."
The sale of SBG was advised by BlackArch Partners as M&A advisor, Perkins Coie as legal counsel, and Stout as financial and tax advisor.
More on eTravel Wire
SBG Holdings, Inc. is a holding company for subsidiary trade brands that provide consumables and equipment for concrete flooring and other hardscapes. Through its industry-leading brands of SASE and Bartell Global, SBG serves surface preparation and concrete polishing contractors, distributors, and rental providers.
Blue Point Capital Partners is a private equity firm with over $1.8 billion in committed capital. With offices in Cleveland, Charlotte, Seattle, and Shanghai, Blue Point has a global reach while maintaining relationships with local entrepreneurs and advisors. With a focus on the lower middle-market, Blue Point has a history of partnering with businesses to achieve growth through innovative strategies.
Note: The statements made by portfolio company executives about Blue Point Capital Partners are intended to illustrate the business relationship between the two parties rather than Blue Point's capabilities or expertise in investment advisory services. Portfolio company executives were not compensated for their participation in this announcement.
SBG Holdings is the parent company of SASE Company and Bartell Global, two leading providers of consumables and equipment for concrete flooring and other hardscapes. With a comprehensive portfolio of world-class products, including diamond tooling, abrasives, chemicals, dyes, grinding machines, and floor scrapers, SBG offers solutions for every stage of the concrete flooring lifecycle.
Blue Point first partnered with SASE in 2017 as the company's first institutional investor. As part of their value creation strategy, Blue Point facilitated multiple acquisitions for SBG, including the purchase of Bartell Global in 2021. This deal successfully brought together SASE's direct-to-contractor brands with Bartell's distribution channels.
More on eTravel Wire
- Best Romantic Holidays to Ring in the New Year in İstanbul!
- Le trio français de Punk-Metal Psychédélique Joe La Truite signe un contrat de management international
- Ultimate Spades Tour Launches Groundbreaking Series From Creators Mekhi Phifer And Lawrence Adisa On Thanksgiving 2024
- Discover the Magic of Winter in Half Moon Bay, California
- Jones Sign Unveils Jones Vision LED Displays
Under Blue Point's ownership, SBG has more than doubled its workforce and expanded from two U.S. locations to 10 sites across North America, the UK, South Korea, and Singapore. This growth has allowed SBG to offer a wider range of solutions and support to contractors around the world.
Karl Moritz, CEO of SBG Holdings, expressed his gratitude for Blue Point's partnership: "Blue Point has been the right partner at the right time for SBG. Their wide range of resources and unparalleled support have enabled our team to create value across many key dimensions."
Blue Point Partner Brian Castleberry added: "We are grateful to the team for their efforts in driving growth and maximizing value for everyone involved in the sale of SBG. The platform's evolution is a testament to Blue Point's impact when we utilize our operating resources and experience in partnership with strong management teams."
The sale of SBG was advised by BlackArch Partners as M&A advisor, Perkins Coie as legal counsel, and Stout as financial and tax advisor.
More on eTravel Wire
- Gigglybot.com Launches Regional eSIMs for Globetrotting Travelers
- Cryptsoft Pty Ltd. has added support for CockroachDB in the latest release of KMIP Server SDKs
- Muench Workshops Unveils 2026 Schedule with More Than 70 New Photo Adventures
- See Our Earth Inspires Adventure and Conservation with Mountain Hats and Dad Caps
- National Survey Reveals 2 in 5 Employed Americans Think Their Benefits Will Be Impacted by the New Administration
SBG Holdings, Inc. is a holding company for subsidiary trade brands that provide consumables and equipment for concrete flooring and other hardscapes. Through its industry-leading brands of SASE and Bartell Global, SBG serves surface preparation and concrete polishing contractors, distributors, and rental providers.
Blue Point Capital Partners is a private equity firm with over $1.8 billion in committed capital. With offices in Cleveland, Charlotte, Seattle, and Shanghai, Blue Point has a global reach while maintaining relationships with local entrepreneurs and advisors. With a focus on the lower middle-market, Blue Point has a history of partnering with businesses to achieve growth through innovative strategies.
Note: The statements made by portfolio company executives about Blue Point Capital Partners are intended to illustrate the business relationship between the two parties rather than Blue Point's capabilities or expertise in investment advisory services. Portfolio company executives were not compensated for their participation in this announcement.
0 Comments
Latest on eTravel Wire
- 10 Key Points to learn about local Custom Home Builders Before Considering Houses in Huntsville, AL
- National Minority Health Association welcomes leading patient advocate, Shamekka Marty as Ambassador for Health is for EveryBODY™
- Inframark Executes Multi-Year Wastewater Operations and Maintenance Contract with Fayetteville, Arkansas
- Montreal-based Blockchain Innovator, IP-House Metafy Announces Partnership With Driver Studios For Metafy's Original, Flagship Property Wooshi World
- 6-Month High For Travel Job Placements
- Education 2.0 Conference To Address The Growing Need For Freelance Career Readiness
- Momcozy Co-Hosts a Cozy Baby Shower at Babylist Beverly Hills
- New Case Study: 37 Years of Improving Emergency Communications at Rush Copley Medical Center
- A Global Celebration of the Industry's Best Voice Over Actors - The Society of Voice Arts and Sciences Announces 2024 Nominees
- Attorney Lindsay Graves Joins Bisnar Chase's Personal Injury Litigation Team
- Krasiva Windows & Doors Expands Offerings with Andersen Window Products
- Visit Potter-Tioga Executive Director Colleen Hanson Named a Woman Making a Difference by Pennsylvania Business Central
- America's Hometown Thanksgiving Celebration Live On Wcvb Channel 5
- AltShift WP Thrilled to Welcome Two New Clients: Arista Health Care and Ryan's Roofing & Repair
- Swiss Precision Active Launches Equity Crowdfunding Campaign on StartEngine, Bringing CopperActive™ Eco Health Fabric Technology to New Markets
- PublicityBrandPR.Tv Launches, Business Website for Entrepreneurs and Professionals Offering Them Cutting-Edge Training and Personalized Coaching
- Sparkling Logic Seamlessly Integrates Machine Learning and AI into Automated Decision Making in Latest Washington Release
- Subir Chowdhury Named ASME Honorary Member
- J Street Property Services Expands with Strategic Acquisition of Hudson Peters' Property Management Division
- Omnitronics Solutions Garner Prestigious Awards