Blue Wolf Capital Acquires Stake in Canadian Trade Contractor State Group.

MANews-(C)2009-2018

10 April 2018 - An affiliate of New York-based private equity firm Blue Wolf Capital Partners LLC has acquired a majority stake in Canada-based trade contractor The State Group Inc. and The State Group, the company said.

Terms of the transaction were not disclosed.

Canada-based Yellow Point Equity Partners is a minority equity investor in the transaction.

Blue Wolf said State Group has developed the capacity to maintain on-site residences, provide in-house supervision and function as the internal maintenance organisation across its client base.

Blue Wolf's acquisition of The State Group is the second investment out of Blue Wolf Capital Fund IV, L.P., which closed in September 2017 at USD 541m.

This transaction marks Blue Wolf's first investment in the infrastructure and engineering and construction services sector.

The State Group Inc. and The State Group Industrial Ltd. a diversified, multi-trade contractor providing maintenance, repair and capital services to industrial clients across North America.

The State Group is a North American multi-trade industrial and specialty services contractor. The company provides comprehensive electrical and mechanical trade services in the power generation, automotive, oil and gas, communications, metals and transportation industries.

Blue Wolf Capital Partners LLC is a private equity firm that specialises in control investments in middle market companies.

Cowen acted as the exclusive financial advisor to The State Group for this transaction and Houlihan Lokey acted as the exclusive financial advisor to Blue Wolf.

Country: Canada

Sector: Construction/Real Estate

Target: The State Group Inc. and The State Group/majority stake

Buyer: Blue Wolf Capital Partners

Vendor:

Deal size in USD:

Type: LBO

Financing:

Status: Closed

Buyer advisor: Houlihan Lokey , ,

Comment: Yellow Point Equity Partners is a minority equity investor in the transaction