BB&T Capital Markets Serves as Financial Advisor to C&M Conveyor, Inc. in its Sale to CapitalWorks, L.L.C.
On May 31, 2018, C&M Conveyor, Inc. (“C&M” or the “Company”), a portfolio company of Blue Sage Capital, L.P. (“BSC”), was acquired by funds managed by CapitalWorks, L.L.C. (“CapitalWorks”). BB&T Capital Markets served as financial advisor to C&M.
About the Companies
Headquartered in Bloomington, Indiana and founded in 1982, C&M is the leading designer, manufacturer, and installer of turnkey automated material handling and conveyor solutions to the Company’s industrial and commercial customers, particularly in the corrugated box industry.
Founded in 2003, Blue Sage Capital, L.P. is a leading Austin, Texas-based private equity firm specializing in growth, recapitalization, and buyout financings of small middle-market companies.
Founded in 1999 and headquartered in Cleveland, Ohio, CapitalWorks, L.L.C., is a Midwestern and family-focused private equity firm that invests in lower middle-market companies primarily in manufacturing, value-added distribution, and business services sectors. CapitalWorks is currently managing its fourth fund.
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About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.