Trending...
- Robert DeMaio, Phinge CEO to Speak at 30th IIPLA 2026 on Securing IP, User Data & Digital Sovereignty via Verified App-less Tech. Attend the Live Q&A!
- Steve Thompson Launches StickyHealth to Tackle the Retention Gap in the Growing GLP 1 Market
- Patented Foodservice Products Company with Strong Gross Margins and Substantial Two-Year Revenue Growth Hits Market for $1.6 Million
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
- Lake Norman Philharmonic - Free Community Concert
- Amaris Mint® Confirms UK Availability of Swedish-Made BioBoost Daily Nutrition Range
- Sea Tales Strengthens U.S. Leadership Team as Retail Expansion Accelerates
- Patented Foodservice Products Company with Strong Gross Margins and Substantial Two-Year Revenue Growth Hits Market for $1.6 Million
- Robert DeMaio, Phinge CEO to Speak at 30th IIPLA 2026 on Securing IP, User Data & Digital Sovereignty via Verified App-less Tech. Attend the Live Q&A!
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
- Dividend Stacker Launches Free Calendar and Alerts for High-Yield ETF Payouts
- Paul Ohana - From Beverly Hills Salon Chair To Beauty Founder Celebrity Hair Expert
- Ubora Thrive AI Welcomes Ubuntu Holistic Counseling as Strategic Business Ambassador
- ChargeOn Announces Conversational Payment Management Solution
- King Larry Steps Into His Moment With Music, Major Performances and a Story Built on Persistence
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
- Work 365 Deepens TD SYNNEX Integration with Automated Azure Billing
- KayeDinero Puts Asheville's River In Sound With Single "French Broad," Now Available for Preorder
- RAS AP Consulting Signals Growth of Managed AP Governance With Digital Expansion, Pipeline Activation, and Trademark Filing Ahead of Esker All Access
- Vegan Kingz Unveils Upgraded Digital Platform to Streamline Commercial Foodservice & Wholesale Ordering
- Steve Thompson Launches StickyHealth to Tackle the Retention Gap in the Growing GLP 1 Market
- Qscription Technologies Appoints Dr. Kimberly Beavers as Founding Clinical Advisor
- When Hope Feels Gone, Death2life Is Still Here!
- Sebastian Stroeller Publishes "The MAP Language Canon" — The Complete Practitioner's Guide to Structural Conversation
- OneVizion Appoints Zebra Technologies CIO Matt Ausman to Board of Directors
- GLADYS Magazine Celebrates their 18 Year Anniversary!
- New Townhome Building Released at Heritage at South Brunswick, Offering Private Perimeter Setting and Water Views
- Comics Veteran on Return of Teenage Mutant Ninja Turtles Characters, 3-D Projects, Collaboration with Original 'Star Wars' Toy Engineer
- Flexible Plan Investments Announces Retirement of Executive Vice President Renée Toth
- Sensory Education launches new neuro-affirming psychoeducation book, Sensory Diversity
- Break the Resume Mold: Career Valet Changes How Executives Hunt for Jobs
- Who Is KayeDinero? Asheville Artist Answers With New Singles K-Mart, Grace and Been Famous
- James Dooley Named King of AEO at Ceremony in Leigh, England
- Calling all healthcare process experts: Share your ideas at #HSPI2027 in Orlando
- Media Alert: Availability of Awadagin Pratt for Interviews
- Central Bag Company Partners with WYSIWYG Marketing and Launches a Modern Industrial Website