Ace Controls Joins Blackford Capital's PACIV Platform
Deal News | Feb 04, 2025 | Generational Equity
Generational Group has completed the sale of Ace Controls, LLC to Blackford Capital, LLC, which will integrate the company into its Industrial Automation Platform, PACIV. The acquisition aims to enhance PACIV's focus on healthcare and life sciences by bringing in Ace Controls' expertise in designing and manufacturing industrial control panels for the water, wastewater, and oil and gas sectors. Ace Controls, based in Houston, Texas, now aligns with Blackford Capital's strategy of investing in founder- and family-owned businesses in the lower middle-market. Generational Group's M&A team, led by several key figures including Michael Goss and Jacob Mangalath, successfully facilitated the deal. Blackford Capital, based in Grand Rapids, Michigan, emphasizes a hands-on approach to managing its portfolio companies, seeking opportunities primarily in the U.S. Midwest but also in Canada and Asia.
Sectors
- Industrial Automation
- Private Equity
- Mergers and Acquisitions
Geography
- United States – The deal involves entities based in the United States including Ace Controls in Texas and Blackford Capital in Michigan.
- Texas – Ace Controls, the target company, is located in Houston, Texas, highlighting the deal's regional relevance.
- Michigan – Blackford Capital, the acquiring firm, is headquartered in Grand Rapids, Michigan.
Industry
- Industrial Automation – Ace Controls specializes in industrial control panels, which are integral to industrial automation processes.
- Private Equity – Blackford Capital, a private equity firm, executed the buyout of Ace Controls, aligning with its investment focus.
- Mergers and Acquisitions – The article highlights a completed M&A transaction facilitated by Generational Group.
Financials
- – Financial terms of the acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ace Controls, LLC | Target Company | Company | A Houston-based provider of custom industrial control panels. |
| Blackford Capital, LLC | Bidding Company | Company | Private equity firm specializing in majority buyout acquisitions. |
| Generational Group | Advisor | Company | Mergers and acquisitions advisory firm for privately held businesses. |
| Michael Goss | Executive Managing Director, M&A | Person | Leader in the Generational Group overseeing the transaction. |
| Jacob Mangalath | Senior Vice President, M&A | Person | Key member of the Generational Group team executing the deal. |
| Brennon Dunbar | Vice President, M&A | Person | Supported the execution of the transaction at Generational Group. |