Trending...
- Creole101 Launches Multilingual Dictionary App with 50,000+ Entries, Vocabulary Games and Haitian Cultural Resources
- Renew Integrative Health Publishes Updated Peptide Therapy Guide to Help Patients Understand Their Options
- UK Financial Ltd Announces Two-for-One Upgrade of Maya 3 to Maya 3G Token Using Chainlink Cross-Chain Technology
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
- Disney Streamer Network Establishes Creator Code of Conduct
- Heritage at Manalapan Announces Limited-Time Mortgage Rate Buydown on Select Quick Move-In Homes
- Good Organics Now at Pop Up Grocer NYC With October 30 Sampling Event
- KeysCaribbean Announces Temporarily Reduced Rates At Village at Hawks Cay Villas
- Commercial Manufacturing Validation Completed as November 10 FDA Milestone Approaches; Critical FDA Milestone Close: NRx Pharmaceuticals NAS DAQ: NRXP
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
- Electives Launches "Electives for Everyone," Making Live Expert-Led Learning Available to Every Employee
- Tax Tops the List as Wealthy Brits Plan Their Exit, La Vida Survey Finds
- KayeDinero Drops "CyberLeek" Amid GTA VI Headlines, Unveils Asheville "Barksdale" Visual
- "The Tree of Cinema" Installation Brought Film History and Its Audiences Together at TIFF 2026
- Household Staffing Named 2026 Agency of the Year by the Association of Premier Nanny Agencies
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.
Filed Under: Business
0 Comments
Latest on ncarol.com
- Renkeer Water Quality Sensors Support Efficient Operation of AI Liquid Cooling Systems
- Victor Archibong Expands ItsArchiDuh Creator Brand
- ACHC International Hospital Standards Earn ISQua EEA Accreditation
- Parade of Homes Winners Announced
- ClearSight Therapeutics Receives U.S. Patent Notice of Allowance
- Revinate launches hospitality's first data activation platform
- HLN Consulting Names Lilly Kan as Its First Chief Executive Officer
- BitTitan Accelerates Large-Scale Document Migrations with MigrationWiz
- Clearnetworx Deploys netElastic vBNG, CGNAT And netVision To Power Fiber Expansion Across Colorado's Western Slope
- Creole101 Launches Multilingual Dictionary App with 50,000+ Entries, Vocabulary Games and Haitian Cultural Resources
- Hilton Waikiki Beach Resort & Spa Introduces Level 37 Sky Lounge by Casamigos
- Self-Published Dad's Santa Book Finally Found After 3 Years on Amazon
- Meta Partnership Expanding as Omni One Orders Surge 3X -New Consumer Bundles, Defense Opportunities & AI Robotics: Virtuix Holdings: N A S D A Q: VTIX
- Citizens for West Virginia Election Integrity Urges "FOR" on Amendment 1
- Vegan Kingz Expands Direct-Import Wholesale Lineup to Help Commercial Kitchens Cut Ingredient Costs
- Acuvance Survey Finds ERP Integration Remains a Key Challenge as Healthcare Organizations Prepare for AI
- Everything Policy Unveils Their Classroom Resources Behind Every Policy Topic
- Constantine "Costa" Kapothanasis II Acquires The Lubri-Loy Company, Carrying a 77-Year-Old American Lubricant Brand Into Its Next Era
- LS2 Partners with Angels Of Dirt's "Next Chapter Racer" Series Celebrating Women and Girls in Motorsports
- Danish company biosuite introduces biotech procurement software to track outsourced R&D commitments