Blue Point Capital Partners Exits Smith-Cooper International

CHARLOTTE, N.C., Nov. 28, 2017 -- Blue Point Capital Partners announced today that it has sold its interest in Smith-Cooper International (“Smith-Cooper”) to Tailwind Capital.  Smith-Cooper was a portfolio company in Blue Point II, which is the Firm’s 2006 vintage lower middle-market buyout fund with commitments of $400 million.  Sale terms were not disclosed.

Smith-Cooper (www.smithcooper.com) is a value-added designer, producer and distributor of branded valves, fittings and pipe under the SCI®, Sharpe® and FPPI® brands.  The Company provides over 15,000 MRO SKUs to more than 2,000 customers across diverse end markets.  Blue Point recapitalized Smith-Cooper in October 2012.  While under Blue Point’s ownership, Smith-Cooper acquired and integrated its first add-on acquisition with Fire Protection Products, Inc.  

“Smith-Cooper provided a great opportunity for Blue Point to support management with a number of operating improvements, including Asian supply chain management, pricing optimization and analytical tools to enable data driven decision making,” said Juli Marley, a Partner with Blue Point.  “The leadership team focused on several key initiatives which improved profitability and operational efficiency, allowing us to continue to invest in the business and the team to build a true platform ready to support additional growth.  We are extremely proud of the team and the value that they have created.  We wish them well as they embark on the next stage of Smith-Cooper’s growth plan.”

“Blue Point took a thoughtful approach to our partnership, providing resources and strategic support to enable us to execute our growth strategy,” said Jason Hild, CEO of Smith-Cooper.  “We sincerely appreciated Blue Point’s collaboration and multiple dimensional support for our investments in the management team, operational infrastructure and both organic and acquisition-based growth initiatives.  Having further strengthened the Company’s foundation, we are excited to continue executing our growth strategy in partnership with Tailwind.” 

Blue Point Capital Partners (www.bluepointcapital.com) is a private equity firm managing over $825 million in committed capital.  With offices in Cleveland, Charlotte, Seattle and Shanghai, Blue Point’s geographical footprint allows it to establish relationships with local and regional entrepreneurs and advisors, while providing the resources of a larger, global organization.  The Blue Point group has a 27-year track record of partnering with companies in the lower middle-market to facilitate growth and transformative change.  It is one of only a few middle market private equity firms with a presence in both the United States and China, which provides a distinct advantage for its portfolio companies.  Blue Point typically invests in manufacturing, distribution and service businesses that generate between $20 million and $200 million in revenue.

For more information, contact:

BLUE POINT CAPITAL PARTNERS
Juli Marley
Partner
Blue Point Capital Partners, LLC
201 South Tryon Street, Suite 850
Charlotte, NC 28202
(704) 347-8842
[email protected]

SMITH-COOPER
Jason Hild
Chief Executive Officer
Smith-Cooper International, LLC
2867 Vail Avenue
Commerce, CA 90040
(323) 890-4455