Blackford Capital Acquisition Announced as M&A Deal of the Year by the 14th Annual M&A Advisor Awards
GRAND RAPIDS, Mich., Nov. 20, 2015 /PRNewswire/ -- Blackford Capital, a national private equity firm headquartered in Grand Rapids, Mich., today announced that its acquisition of Amtech Corporation, a leading designer and manufacturer of custom molded fiberglass and vacuum formed products, and merger with McClarin Plastics has been named M&A Deal of the Year by the 14th Annual M&A Advisor Awards.
Blackford identified McClarin, a premier contract manufacturer of large thermoformed plastic and fiberglass reinforced plastic components, as the ideal acquisition target to complement the current business. The transaction closed in March 2015, and the combined companies now offer six major production processes that address roughly 45 percent of the $35 billion U.S. composites industry.
"We are honored to be awarded the M&A Deal of the Year and continue to be excited by this transaction and the success of the merger," said Martin Stein, Blackford Capital's founder and managing director. "We have a talented team that has put years of dedicated work into this merger and acquisition process. The new company is positioned well to become a leading player in the composites market, and we are excited by the potential for job creation and the overall impact we can have on the industry."
The winners for M&A Deal of the Year, Restructuring Deal of the Year, Cross-Border Deal of the Year, Corporate/Strategic Acquisition of the Year, Deal Financing of the Year, Sector Deals of the Year, Firms of the Year, M&A Product/Service of the Year and M&A Professionals categories were announced at the 14th Annual M&A Advisor Awards Gala on Tuesday, November 17, 2015, at the New York Athletic Club.
"Since 2002, we have been honoring the leading M&A transactions, companies and dealmakers. Blackford Capital was chosen from over 690 participating companies to receive the award. It gives us great pleasure to recognize Blackford Capital and bestow upon them our highest honor for M&A firms and professionals," said David Fergusson, Co-CEO and President, The M&A Advisor. "Blackford Capital represents the best of the M&A industry in 2015 and earned these honors by standing out in a group of very impressive candidates."
For more information, and for a detailed list of all of the winners for the 14th Annual M&A Advisor awards, please visit www.maadvisor.com.
About Blackford Capital
Blackford Capital is a private equity firm based in Grand Rapids, Mich., that acquires, manages and builds middle-market manufacturing, distribution and service companies, with eight portfolio companies across the country. The firm has offices in Grand Rapids (headquarters) and Santa Monica, CA. Blackford reviewed roughly 5,000 transactions in 2014, and has closed 38 transactions in the past ten years. The firm's investment criteria includes mature, profitable businesses with revenues between $20 million and $100 million, with management teams that are either willing to remain with the company or are seeking to retire. For more information, visit www.blackfordcapital.com.
About The M&A Advisor
The M&A Advisor was founded in 1998 to offer insights and intelligence on M&A activities. Over the past seventeen years, through our research, reporting, publishing, symposiums and awards we have established the world's premier network of mergers and acquisitions, restructuring and financing professionals. To learn more visit www.maadvisor.com.
SOURCE Blackford Capital
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