Colson Group Announces Strategic Acquisition by Blue Wolf Capital Partners
Colson Group, a global leader in caster and wheel product solutions, announced its acquisition by Blue Wolf Capital Partners LLC (“Blue Wolf”).
“We are excited to partner with Blue Wolf, a firm that shares our philosophies and vision for Colson Group. While our strong global brands and experienced team attracted substantial investor attention, Blue Wolf differentiated themselves. Their expertise and deep understanding of industrial businesses and customer channels will be a tremendous asset in our plans for operational and service excellence,” said Tom Blashill, CEO, Colson Group. “Blue Wolf appreciates the work completed so far in our global transformation and their skillset and strategy will help accelerate it with further investments in domestic manufacturing, service technologies, and product solutions that continue to separate us from the competition.”
Blue Wolf is a New York-based private equity firm that builds stronger businesses by combining financial and operational discipline with Environmental, Social, and Governance (ESG) principles. The firm works closely with management to create value at companies in specialty sectors including niche manufacturing, industrial & engineering services, forest & building products and healthcare services.
“Our experience building best-in-class industrial manufacturing companies positions Blue Wolf well to support Colson Group in accelerating growth and enhancing its current market position and manufacturing strategy,” said Adam Blumenthal, managing partner, Blue Wolf Capital Partners. “We are excited to partner with Tom Blashill and the Colson Group management team to provide the necessary capital and resources to drive long-term growth opportunities for the company and its customers. We look forward to building on Colson Group’s rich legacy of product solutions and long-standing business relationships with our commitment to organizational and operational excellence.”
Former owner Sentinel Capital Partners sold Colson Group to Blue Wolf after acquiring the company in 2012. Prior to Sentinel, the company was held by Robert Pritzker who acquired the Colson caster brand in 1953 and built it into the worldwide caster leader that is now Colson Group.
For more information, visit https://colsongroup.com.
Share on Socials!
Dorner Exhibiting its Packaging, Automation and Sanitary Conveyors in Booth C-1455 at PACK EXPO 2021
Sign up to receive our industry publications for FREE!