Blue Wolf Capital Partners

Blue Wolf Capital Partners LLC is an American private equity firm based in New York City, New York, founded in 2005 by Adam Blumenthal and Josh Wolf-Powers.[2] Blue Wolf’s investments include companies in the health care, forest and building products, energy services, and industrial and engineering services sectors.[3] The firm manages more than $1.5 billion in capital.[1]

Blue Wolf Capital Partners LLC
Private
IndustryPrivate Equity
Founded2005
HeadquartersNew York, New York
Key people
Adam Blumenthal, Founder and Managing Partner
ProductsLeveraged buyout, Growth capital, Special situations
Total assets$1.5 billion[1]
Websitewww.bluewolfcapital.com

Investment Strategy

Blue Wolf Capital Partners was co-founded in 2005 by Adam Blumenthal, who previously served as first deputy comptroller for New York City and managed American Capital Ltd.[4][5] Blue Wolf utilizes Environmental, Social, and Governance (ESG) principles and integrates them into its value creation strategies.[6] The firm has invested in companies with annual revenue of more than $50 million and enterprise values of $500 million.[3][7] Its most recent fund of $540 million was raised in October of 2017.[8]

Investments

In 2008, Blue Wolf acquired two laundries from Chicago hospitals, merging them into Healthcare Laundry Systems and selling in 2011 after increasing volume by 70%.[2][9] Through this investment the firm won the 2011 Small Market Deal of the Year award from Buyouts Magazine.[10] The firm had previously won the same award in 2008 for its investment in Montauk Energy Capital.[11]

In 2017, Blue Wolf invested $20 million to revive a sawmill in Glenwood, Arkansas that had declared bankruptcy during the Great Recession. The company joined the portfolio as Caddo River Forest Products and directly created 130 jobs.[3][12] In May 2018, the firm sold Caddo River sawmill and Suwannee sawmill to Conifex Timber.[13]

In April 2018, Blue Wolf announced a merger between two of its home-based care providers – Great Lakes Caring and National Home Health Care — with Jordan Health Services, to create one of the largest providers of home-based care in the nation. The new company serves over 63,000 patients on a daily basis and employs over 31,000 caregivers throughout 15 states.[14][15]

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References
  1. Leach, Kamaron (23 October 2017). "Blue Wolf raises new PE fund, following StateServ purchase". Mergers & Acquisitions.
  2. Yerak, Becky (3 December 2008). "N.Y. fund awash with area hospital laundry". Chicago Tribune. Retrieved 3 July 2018.
  3. Cooper, Laura (27 November 2017). "LBO Profile: Blue Wolf Embraces Complexity in a Regulated World". The Wall Street Journal. Retrieved 6 May 2018.
  4. "Adam Blumenthal '89". Yale School of Management. 14 August 2017.
  5. "Adam M. Blumenthal". Bloomberg L.P. 6 May 2018.
  6. "Barking up a new sustainability tree". Private Equity International. 21 February 2018.
  7. "Company Overview of Blue Wolf Capital Partners LLC". Bloomberg L.P. 6 May 2018. Retrieved 6 May 2018.
  8. "Blue Wolf Capital Partners Raises $540M For Oversubscribed Fourth Fund". FINalternatives. 23 October 2017. Archived from the original on 12 June 2018. Retrieved 6 May 2018.
  9. Ivanova, Irina (10 April 2014). "Private capital transformed health care—outside NY". Crain's New York. Retrieved 3 July 2018.
  10. "Blue Wolf Wins Small Market Deal Award for HLS Investment". American Laundry News. 27 June 2012. Retrieved 3 July 2018.
  11. Primack, Dan (2 September 2008). "Blue Wolf Bites Into $100 Million". PE Hub. Retrieved 3 July 2018.
  12. "Arkansas town sees more jobs with sawmill revival". Capital Press. 9 June 2017. Retrieved 6 May 2018.
  13. "Conifex buying U.S. sawmills for $258 million to add 50 per cent more capacity". Financial Post. 15 May 2018. Retrieved 3 July 2018.
  14. "Great Lakes Caring, National Home Health Care, and Jordan Health Services Merge to Become Leader in Home-Based Care". Business Wire. 10 April 2018. Retrieved 6 May 2018.
  15. Mullaney, Tim (10 April 2018). "Great Lakes, Jordan, National Home Health Merge to Create Powerhouse Provider". Home Health Care News. Retrieved 6 May 2018.
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