Blue Wolf Capital Partners LLC, a New York-based private equity firm, has acquired Colson Group, a providor of caster and wheel product services. Terms of the transaction were not disclosed.
“With its global scale and long-standing roster of blue-chip customers, Colson is the global leader in the highly stable and growing casters and wheels market. In addition, Colson’s large domestic manufacturing footprint combined with its impressive product portfolio uniquely position the company to serve the U.S. market. Over the next few years, we intend to invest significant capital to further enhance Colson’s domestic capabilities,” said Aakash Patel, principal at Blue Wolf. “We are excited to partner with Tom Blashill and his management team to accelerate long-term growth at Colson.”
As a result of the acquisition, Blue Wolf operating partner Rich Kobor will join Colson’s board of directors alongside Adam Blumenthal and Aakash Patel of Blue Wolf as well as Colson’s CEO Tom Blashill. In addition, Ray Poole will also join the board.