Oct. 5, 2022: Allied Industrial Partners Announces Largest Investment To-Date
Plus, Blackford merges interior design portcos, and Levine Leichtman acquires agribusiness data company
Read the top headlines from Wednesday, October 5, 2022 below:
Blackford Merges Interior Design PortCos to Form Design Environments
Blackford Capital, a lower-middle market private equity firm, announced the formation of Design Environments, an interior design company resulting from the merger between portfolio companies Boston Trade Interior Solutions, Design Environments and ID Collaborative. The new company operates across Atlanta, Boston, Chicago, San Francisco, and North Carolina, and will be headed by CEO Jim Goergen, who comes to the company from Martin Furniture.
“The full integration of these portfolio companies under an exceptional leadership team will have an immediate impact for their customers,” stated Paul Doyle, managing director of Blackford Capital. “Design Environments has talent that crosses markets and industries, and the company is now extremely well-positioned for growth.”
Levine Leichtman Acquires Agribusiness Data Solution Provider
Levine Leichtman, a private equity firm based in Los Angeles, announced in a press release its acquisition of AGDATA, a provider of data solutions for agribusinesses and animal health companies. The investment follows Vista Equity Partners’ exit from AGDATA. In a statement, Levine Leichtman senior managing director Josh Kaufman said the company “serves attractive end-markets that benefit from macro tailwinds including population growth, a growing need for crop efficiency, and increased spending on food and pets.” The company also supports agribusinesses’ need for heightened supply chain visibility, inventory management, sales and marketing. The private equity firm will fuel continued growth for AGDATA by expanding its suite of data services.
Related content: Agtech Presents an Opportunity for Patient Investors that Embrace the Niche
Allied Industrial Partners Makes Largest Investment To-Date with Recycling Acquisition
Allied Industrial Partners is expanding its waste management portfolio with the investment in Wall Recycling, a North Carolina-based business providing solid waste management and recycling services for commercial, municipal and industrial waste generators. Allied Industrial Partners said in its announcement that it plans to grow the business through introducing new services and technology to meet rising demand for recycling and environmental services from corporate and government end-customers.
According to the private equity firm’s announcement, Wall Recycling is its largest investment to-date, and marks its second platform in the waste and recycling industry, following its investment in Waste Eliminator last June, and subsequent add-on acquisitions in July.
