FOR IMMEDIATE RELEASE
COLSON GROUP ANNOUNCES STRATEGIC ACQUISITION BY BLUE WOLF CAPITAL PARTNERS
Aligned philosophies and vision for increasing customer value and accelerating global growth
OAKBROOK TERRACE, IL., March 1, 2021 — Colson Group, a global leader in caster and wheel product solutions, today 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,” stated Tom Blashill, CEO of 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. 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 of 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.
About Colson Group (www.ColsonGroup.com): Colson Group, a global leader in caster and wheel products, creates and drives solutions that move lives forward. World renowned brands provide specialized mobility for every industry and market. A leading product portfolio and proprietary global value chain deliver unparalleled efficiencies and support. With over 1,600 employees across 30 global facilities, Colson Group is committed to its customers’ success, ensuring proper products are selected or designed from the start, and always keeping the end-users’ safety, efficiency, and happiness in mind.
About Blue Wolf Capital Partners: Blue Wolf Capital Partners LLC is a private equity firm that specializes in control investments in middle market companies. Leading by experience, and with a commitment to excellence, Blue Wolf transforms companies strategically, operationally and collaboratively. Blue Wolf manages challenging situations and complex relationships between business, customers, employees, unions, and regulators to build value for stakeholders. For additional information, please visit www.bluewolfcapital.com.