Market Overview

Blue Sage Capital and Hanover Partners Invest in Ligchine International Corporation

Share:

Blue Sage Capital and Hanover Partners are pleased to announce their
recently completed investment in Ligchine
International Corporation
 ("Ligchine"). With primary manufacturing
facilities in Darien, WI and an additional office in Floyds Knobs, IN,
Ligchine is a globally-recognized, leading designer, manufacturer and
marketer of laser-guided boom operated concrete screeds. The Company
produces a diverse range of models under the ScreedSaver™ banner, and
Ligchine's products provide best-in-class concrete floor flatness and
levelness results for its customers.

Ligchine's co-founders, Gary and Peter Ligman, commented, "We are
excited to partner with Blue Sage and Hanover to accelerate our
Company's growth trajectory. Both Blue Sage and Hanover have a strong
track record leveraging their strategic and financial resources to help
founder-owned businesses reach their full potential. We believe the
investment will enable us to reach more customers while elevating our
already top service levels." Ligchine's sales and distribution reach all
corners of the world.

Eric Weiner, Partner at Blue Sage, stated, "Ligchine is the prototypical
Blue Sage investment. Ligchine is a family business with significant
market leadership and multiple avenues for growth." John Palmer,
Principal at Hanover, added, "Ligchine continues Hanover's nearly
25-year tradition of investing in engineered product manufacturers
serving niche markets. We look forward to supporting the Company's
impressive growth and scaling its sales worldwide."

For questions or inquiries, please contact Eric
Weiner
at 512-536-1900 or email eric.weiner@bluesage.com.

Blue Sage and Hanover were represented in the transaction by Queen Saenz
+ Schutz PLLC and Perkins Coie LLP (Legal), Lockton Companies
(Insurance), Asenti Diligence Partners, LLP (Accounting) and Flieller,
Kruger, Skelton & Plyler PLLC (Tax).

About Blue Sage Capital

Blue Sage Capital is an Austin, Texas-based private equity firm
specializing in growth, recapitalization and buyout financings of small
middle market companies. With over fifteen years as a team and over $200
million in assets under management, we have extensive experience
transitioning founder-run businesses and seek companies with leadership
in their niche. Most of Blue Sage's investments are in established,
profitable companies with $20 million to $100 million of revenue and $3
million to $12 million of cash flow. Blue Sage invests in a variety of
industries, with each initial investment typically ranging from $10
million to $20 million.

About Hanover Partners

Founded in 1994, Hanover Partners is a private equity firm with offices
in Portland, OR and San Francisco, CA. Hanover invests in lower
middle-market manufacturers of proprietary, highly-engineered products,
including makers of industrial equipment, test & measurement products,
and niche branded consumer products. Within these sectors, the firm
focuses on companies with $1.5 million to $8 million of operating
income. With the addition of Ligchine International Corporation,
Hanover's current portfolio of companies consists of seven companies
located across the United States.

View Comments and Join the Discussion!