Trending...
- T. Jones Group's Cameron Jones Serves as Judge for the 2026 CHBA National Awards for Housing Excellence
- $29.8 Million Record Setting Q1 with Boosted Annual Guidance to $160 Million for Expanding Pre-Owned Boat Dealer: Off The Hook YS, Inc. N Y S E: OTH
- SRK Collective Media Group Launches with a Modern Approach to Media, Authority Building, and Cultural Visibility
CHARLOTTE, N.C. ~ Charlotte, N.C. - Blue Point Capital Partners has announced the successful exit of SBG Holdings, a portfolio company of BPCP III, in a sale to Charger Investment Partners. The sale marks the end of a fruitful partnership between Blue Point and SBG, which has seen significant growth and expansion under Blue Point's ownership.
SBG Holdings is the parent company of SASE Company and Bartell Global, two leading providers of consumables and equipment for concrete flooring and other hardscapes. With a comprehensive portfolio of world-class products, including diamond tooling, abrasives, chemicals, dyes, grinding machines, and floor scrapers, SBG offers solutions for every stage of the concrete flooring lifecycle.
Blue Point first partnered with SASE in 2017 as the company's first institutional investor. As part of their value creation strategy, Blue Point facilitated multiple acquisitions for SBG, including the purchase of Bartell Global in 2021. This deal successfully brought together SASE's direct-to-contractor brands with Bartell's distribution channels.
More on ncarol.com
Under Blue Point's ownership, SBG has more than doubled its workforce and expanded from two U.S. locations to 10 sites across North America, the UK, South Korea, and Singapore. This growth has allowed SBG to offer a wider range of solutions and support to contractors around the world.
Karl Moritz, CEO of SBG Holdings, expressed his gratitude for Blue Point's partnership: "Blue Point has been the right partner at the right time for SBG. Their wide range of resources and unparalleled support have enabled our team to create value across many key dimensions."
Blue Point Partner Brian Castleberry added: "We are grateful to the team for their efforts in driving growth and maximizing value for everyone involved in the sale of SBG. The platform's evolution is a testament to Blue Point's impact when we utilize our operating resources and experience in partnership with strong management teams."
The sale of SBG was advised by BlackArch Partners as M&A advisor, Perkins Coie as legal counsel, and Stout as financial and tax advisor.
More on ncarol.com
SBG Holdings, Inc. is a holding company for subsidiary trade brands that provide consumables and equipment for concrete flooring and other hardscapes. Through its industry-leading brands of SASE and Bartell Global, SBG serves surface preparation and concrete polishing contractors, distributors, and rental providers.
Blue Point Capital Partners is a private equity firm with over $1.8 billion in committed capital. With offices in Cleveland, Charlotte, Seattle, and Shanghai, Blue Point has a global reach while maintaining relationships with local entrepreneurs and advisors. With a focus on the lower middle-market, Blue Point has a history of partnering with businesses to achieve growth through innovative strategies.
Note: The statements made by portfolio company executives about Blue Point Capital Partners are intended to illustrate the business relationship between the two parties rather than Blue Point's capabilities or expertise in investment advisory services. Portfolio company executives were not compensated for their participation in this announcement.
SBG Holdings is the parent company of SASE Company and Bartell Global, two leading providers of consumables and equipment for concrete flooring and other hardscapes. With a comprehensive portfolio of world-class products, including diamond tooling, abrasives, chemicals, dyes, grinding machines, and floor scrapers, SBG offers solutions for every stage of the concrete flooring lifecycle.
Blue Point first partnered with SASE in 2017 as the company's first institutional investor. As part of their value creation strategy, Blue Point facilitated multiple acquisitions for SBG, including the purchase of Bartell Global in 2021. This deal successfully brought together SASE's direct-to-contractor brands with Bartell's distribution channels.
More on ncarol.com
- Maryland Personal Injury Firm Earns National Recognition in 2026 ELA Awards
- Robert J. Bradshaw's AYE is a Gripping Dual Reality Thriller Exploring the Increasingly Blurred Line Between Humanity and Technology
- Bangxing Silicone Revolutionizes Silicone Baby Product Partnerships: Low MOQ Support + VIP Long-Term Win-Win Programs
- SteelTree Announces Launch of Its Operational Decision Intelligence Service
- Advanced AI Capabilities Reflected by Upcoming Company Name and Stock Symbol Change for Evolving Pre-Owned Boat Dealer: Off The Hook YS: N Y S E: OTH
Under Blue Point's ownership, SBG has more than doubled its workforce and expanded from two U.S. locations to 10 sites across North America, the UK, South Korea, and Singapore. This growth has allowed SBG to offer a wider range of solutions and support to contractors around the world.
Karl Moritz, CEO of SBG Holdings, expressed his gratitude for Blue Point's partnership: "Blue Point has been the right partner at the right time for SBG. Their wide range of resources and unparalleled support have enabled our team to create value across many key dimensions."
Blue Point Partner Brian Castleberry added: "We are grateful to the team for their efforts in driving growth and maximizing value for everyone involved in the sale of SBG. The platform's evolution is a testament to Blue Point's impact when we utilize our operating resources and experience in partnership with strong management teams."
The sale of SBG was advised by BlackArch Partners as M&A advisor, Perkins Coie as legal counsel, and Stout as financial and tax advisor.
More on ncarol.com
- AI-Driven Defense Expansion, Autonomous Systems and Israeli Aerospace Manufacturing Platform: VisionWave Holdings (N A S D A Q: VWAV)
- AI Predicts the Most Likely 2026 FIFA World Cup Winner
- The AI Production Shift: Why Game Development Is Entering Its Most Accelerated Phase
- World-First AI Humanoid Robot Debuts on Cherie Barber's Ground-breaking Australian Reno Show
- New Survey Reveals America's Most Feared Bridges for Cyclists — Golden Gate Tops the List
SBG Holdings, Inc. is a holding company for subsidiary trade brands that provide consumables and equipment for concrete flooring and other hardscapes. Through its industry-leading brands of SASE and Bartell Global, SBG serves surface preparation and concrete polishing contractors, distributors, and rental providers.
Blue Point Capital Partners is a private equity firm with over $1.8 billion in committed capital. With offices in Cleveland, Charlotte, Seattle, and Shanghai, Blue Point has a global reach while maintaining relationships with local entrepreneurs and advisors. With a focus on the lower middle-market, Blue Point has a history of partnering with businesses to achieve growth through innovative strategies.
Note: The statements made by portfolio company executives about Blue Point Capital Partners are intended to illustrate the business relationship between the two parties rather than Blue Point's capabilities or expertise in investment advisory services. Portfolio company executives were not compensated for their participation in this announcement.
0 Comments
Latest on ncarol.com
- Phoenix Hip-hop Artist Rhymi Hits 23k Monthly Listeners 12 Days After Album Release
- Pediatrician Launches "Confessions of a Detective Doctor" Children's Book Series
- Integrated Maintenance Platforms Are Transforming Aircraft Operations
- T. Jones Group's Cameron Jones Serves as Judge for the 2026 CHBA National Awards for Housing Excellence
- Derek Advanced Tracking Systems Revolutionizes Asset Monitoring with Advanced Technology
- The AI Direction Deficit: TripleTen Study Finds Staff Get Told to Use AI — But Not Trained to Use It
- $29.8 Million Record Setting Q1 with Boosted Annual Guidance to $160 Million for Expanding Pre-Owned Boat Dealer: Off The Hook YS, Inc. N Y S E: OTH
- All About Technology Celebrates 25 Years of Bridging Detroit's Digital Divide
- iatroX surpasses 500,000 clinical queries and expands specialist exam coverage
- Inside-Out Hollywood: The Relentless Rise of Joseph Nybyk (AKA Joseph Neibich)
- Husband-and-Wife Photography Team Brings Personal Approach to Families Across the Triangle
- SRK Collective Media Group Launches with a Modern Approach to Media, Authority Building, and Cultural Visibility
- MSBG Corporation Acquires GridWatch US Telemetry Automation System
- TAYP Expands Athlete Exposure Platform Beyond Georgia With New Push Into Virginia and the 757
- KT Medical Staffing Expands Concierge Nursing and Private Duty Nursing Services in Orange County
- The Millennium Alliance Achieves Great Place To Work® Certification™ Amid Continued Growth
- The Millennium Alliance Appoints Former Adweek Executive Eric Hayden Shakun as Chief Financial Officer to Accelerate Next Phase of Growth
- T. Jones Group Named Finalist Across Multiple Categories at the 2026 Georgie Awards
- Rock & Roll Fan Granted Dream Experience Thanks to Donors and Grant A Dream™ Program
- The Simplest Small Business You're Probably Not Thinking About