Blue Point Completes Sale of Sylvan to E3Tech
Deal News | Mar 18, 2025 | Blue Point Capital Partners LL
Blue Point Capital Partners has announced the sale of its portfolio company Sylvan, Inc. to E3Tech. Despite the sale, Blue Point is making a rollover investment to maintain its relationship with Sylvan, reflecting strong confidence in the company's future. As Sylvan's first institutional investor, Blue Point has significantly boosted Sylvan's EBITDA, transforming it into a scalable growth platform that functions across multiple industries such as data centers, semiconductors, energy, and automotive. Founded in 1956, Sylvan has developed a solid reputation as a comprehensive multi-trade service provider, notably expanding capabilities through strategic acquisitions under Blue Point's ownership. The company's achievements include acquiring Great Lakes Mechanical in 2021 and forming Sylvan Conveyance Group in 2024, which saw Sylvan's workforce multiply by 500%, expansion into new geographies, and revenue increase by 500%. As Sylvan embarks on its next growth chapter, Blue Point remains committed to supporting its continued success.
Sectors
- Private Equity
- Industrial Services
- Construction
Geography
- United States – Blue Point Capital Partners and Sylvan, Inc. operate within the United States, and Sylvan's geographic expansion includes U.S. locations such as Phoenix and Dallas.
- Mexico – Sylvan expanded its operations geographically to include Mexico.
Industry
- Private Equity – Blue Point Capital Partners is a private equity firm actively involved in the acquisition and management of portfolio companies, including Sylvan, Inc.
- Industrial Services – Sylvan, Inc. operates as a full-service provider in multiple industries, including HVAC, piping, and electrical systems.
- Construction – Sylvan's involvement in large-scale design, fabrication, and installation projects aligns with the construction industry.
Financials
- $1.8 billion – Total committed capital managed by Blue Point Capital Partners.
- 500% increase – Revenue growth achieved by Sylvan under Blue Point's ownership.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Blue Point Capital Partners | Selling Company (Vendor) | Company | A private equity firm with a significant role as Sylvan's first institutional investor. |
| Sylvan, Inc. | Target Company | Company | A leading provider of multi-trade capabilities across various sectors. |
| E3Tech | Bidding Company (Buyer) | Company | The acquirer of Sylvan, Inc. |
| Rob Metz | CEO | Person | CEO of Sylvan, Inc. who commented on the partnership with Blue Point. |
| Jonathan Pressnell | Partner at Blue Point | Person | Partner at Blue Point Capital Partners, commenting on the successful partnership with Sylvan. |
| Megan Kneipp | Managing Director, Business Development | Person | Managing Director of Business Development at Blue Point Capital Partners. |