Blue Point Capital Partners has partnered with management in the acquisition of its ninth Blue Point IV platform investment, Weaver Leather. Weaver is a provider of enthusiast brands in the equine, pet, leather crafting, arborist, livestock and construction markets. Based in Mt. Hope, Ohio, the company is a short drive from Blue Point’s Cleveland office, aligning with the firm’s strategy of establishing local partnerships.
“We are thrilled to be able to invest alongside management to support Weaver in building on its rich history of success. We were drawn to Weaver’s leading brands and niche market leadership position, along with the Company’s terrific alignment with Blue Point’s culture, value-add capabilities, enthusiast consumer investment experience and preference for local partnerships. We look forward to working alongside the talented Weaver team to execute organic and M&A driven growth initiatives,” said Blue Point partner John LeMay.
Working alongside LeMay and Geiger to complete the transaction were Blue Point partner Sean Ward, data and digital managing director Tye Howell, supply chain/asian strategies managing director Dennis Wu, senior associates Bobby Grebenc and Laurie Kong and associate Kate McLarney.
Blue Point was represented by BakerHostetler and Stout acted as the exclusive financial and tax advisor in connection with the transaction.