Blackstreet Capital Management Mergers and Acquisitions Summary

Private Equity Firm Profile

Blackstreet Capital Management’s most common sectors for investment areconsumer services (9%) and healthcare services (9%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (52%) and divestiture (14%). In total, Blackstreet Capital Management has invested in 14 US states and 5 different countries. Its largest (disclosed) acquisition occurred in 1999 when it acquired IX Europe for $135M.

The Firm’s most common exit type is trade sale (34%). Blackstreet Capital Management’s largest (disclosed) exit occurred in 2012 when it sold Cadum International SA for $260M.

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M&A Summary

  • M&A Total Activity61
    • M&A Buy Activity37
    • M&A Sell Activity24
  • Total Sectors Invested 24
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 18

Blackstreet Capital Management LLC

7250 Woodmont Ave, Suite 210,
Chevy Chase, Maryland 20814
United States
(240) 223-1330
www.blackstreetcapital.com
info@blackstreetcapital.com

Blackstreet Capital is a private equity firm focused on control buyouts of under-performing corporate orphans with $25 to $150 million in revenue. Industries of interest include niche manufacturing, distribution, specialty retail, education and training, healthcare services and devices, and restaurants. Blackstreet invests up to $15 million of equity capital in businesses valued up to $75 million. Blackstreet's average holding period is three to five years. Blackstreet Capital(formerly Milestone Capital Management was founded in 2003 and is based in Bethesda, Maryland.


Investment Criteria

Sectors of Interest: Agriculture, Apparel/Textiles, Building Materials, Business Services, Communications, Construction, Consumer Products, Consumer Services, Distribution, Education, Financial Services, Food, Franchising, Healthcare Services, Manufacturing, Marketing, Media, Medical Products, Publishing, Restaurants, Retail

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Divestiture, Growth Capital, Special Situations/Distressed, Acquisition Financing, Secondary Buyout

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue 25 150
Target EBITDA - -
Investment Size - 15
Enterprise Value - 75
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.2/yr) # 36 1 - - - - 37
vol $712M $712M
Sell (0.0/yr) # 24 - - - - - 24
vol $524M $524M
  61

Most Recent M&A

Company Date Value Type
Innovasium Red Apple Stores, Inc. 2021-05-06 - Add-on Acquisition
Mississauga, Ontario · www.redapplestores.com
Cartesian, Inc. 2019-08-22 - Add-on Acquisition
Boston, Massachusetts · www.cartesian.com
Northern Brewer LLC 2019-07-11 - Divestiture
Roseville, Minnesota · www.northernbrewer.com
DAI Investment Inc. 2017-08-29 - Unknown
Randolph, Massachusetts
Swift Spinning, Inc. 2017-01-01 - Add-on Acquisition
Columbus, Georgia · www.swiftspinning.com
Starad, Inc. 2016-12-13 6M USD Add-on Acquisition
New York, New York · www.christopherradko.com
Premier Care in Bathing 2016-11-10 - Sold to Management
South Daytona, Florida · www.premiercareblog.com
Ice World Maryland LLC 2016-09-30 - Growth Capital
, Maryland
Premier Care in Bathing 2016-06-14 - Secondary Buyout
South Daytona, Florida · www.premiercareblog.com
American Combustion Industries, Inc. 2016-02-24 - Sold to Management
Brentwood, Maryland · www.aciindustries.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Healthcare Services - - 3 (8%) 82M (12%)
Apparel/Textiles - - 3 (8%) -
Consumer Services - - 3 (8%) -
Building Materials - - 2 (5%) 129M (18%)
Restaurants - - 2 (5%) 121M (17%)
Energy Services and Equipment - - 2 (5%) 69M (10%)
Financial Services 1 (17%) - 2 (5%) 46M (6%)
Leisure - - 2 (5%) 43M (6%)
Business Services 1 (17%) - 2 (5%) -
Retail 2 (33%) - 2 (5%) -
Communications - - 1 (3%) 135M (19%)
Education - - 1 (3%) 87M (12%)
Agriculture - - 1 (3%) -
Construction - - 1 (3%) -
Consumer Products - - 1 (3%) -
Digital Media - - 1 (3%) -
Environmental - - 1 (3%) -
Food - - 1 (3%) -
Machinery - - 1 (3%) -
Media - - 1 (3%) -
Medical Products - - 1 (3%) -
Plastics - - 1 (3%) -
Software 1 (17%) - 1 (3%) -
Test/Measurement Equipment 1 (17%) - 1 (3%) -
Total 6 - 37 $712M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 4 (67%) - 18 (49%) -
  Maryland - - 3 (8%) -
  South Carolina 1 (17%) - 2 (5%) -
  Massachusetts 1 (17%) - 2 (5%) -
  Pennsylvania 1 (17%) - 1 (3%) -
  Minnesota 1 (17%) - 1 (3%) -
  Kentucky - - 1 (3%) -
  Illinois - - 1 (3%) -
  Georgia - - 1 (3%) -
  Florida - - 1 (3%) -
  Colorado - - 1 (3%) -
  Utah - - 1 (3%) -
  Texas - - 1 (3%) -
  Ohio - - 1 (3%) -
  Missouri - - 1 (3%) -
United Kingdom 1 (17%) - 11 (30%) 408M (65%)
France - - 5 (14%) 82M (13%)
Switzerland - - 2 (5%) 135M (22%)
Canada 1 (17%) - 1 (3%) -
  Ontario 1 (17%) - 1 (3%) -
Domestic 4 (67%) - 18 (49%) -
Cross-border 2 (33%) - 19 (51%) 626M (100%)
Total 6 - 37 $626M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 1 (17%) - 19 (51%) 462M (74%)
Divestiture 1 (17%) - 5 (14%) -
Secondary Buyout - - 4 (11%) 163M (26%)
Special Situations/Distressed 2 (33%) - 4 (11%) -
Add-on Acquisition 2 (33%) - 2 (5%) -
Acquisition Financing - - 1 (3%) -
Consolidation - - 1 (3%) -
Growth Capital - - 1 (3%) -
Total 6 - 37 $626M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 8 (33%) 458M (87%)
Trade Sale 7 (29%) 66M (13%)
Secondary Sale 3 (13%) -
Sold to Management 3 (13%) -
Unknown 2 (8%) -
IPO 1 (4%) -
Total 24 $524M

Deal Values

buy # Total
$100M to $1B 2 $265M
< $100M 7 $448M
TOTAL $712M
Largest IX Europe plc
$135M (1999-07-01)
sell # Total
$100M to $1B 2 $360M
< $100M 3 $164M
TOTAL $524M
Largest Cadum International SA
$260M (2012-04-27)

M&A Connections

Deals
Acquired from
Investor(s)
11%
4 (11%)
Strategic(s)
14%
5 (14%)
Exited to
Investor(s)
13%
3 (13%)
Strategic(s)
33%
8 (33%)

Investor Summary

Investor Type

Private Equity Firm

Size

Small

PE Assets

200M USD

Established

2003

Specialist/Generalist

Generalist

Leadership

Murry Gunty

Founder & Managing Partner

Robert Dragonette

CFO

Kevin Kuby

Managing Director

David Hartman

Principal

Patricia LaBorde

General Counsel

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