Blue Sage Capital Invests in Baker Manufacturing Company


AUSTIN, Texas, July 12, 2022–(BUSINESS WIRE)–Blue Sage Capital is pleased to announce its recently completed investment in Baker Manufacturing Company, LLC (“Baker” or the “Company”). Founded nearly 150 years ago and headquartered in Evansville, WI, Baker manufactures residential, industrial, municipal, and environmental water well equipment and accessories, as well as specialized rotary gear pumps and ductile and gray iron castings. Over a long arc of time, Baker has carved out a leadership position in several niche markets and established a portfolio of well-known products, including pioneering the pitless well adapter.

Baker’s President and CEO, Don Wesdell, commented, “Our partnership with Blue Sage Capital represents an exciting inflection point in Baker’s history. We are looking forward to working alongside the Blue Sage team to launch new water systems and pump products, expand into new geographies, pursue strategic acquisitions, and invest in our business.”

Jonathan Pearce, Partner at Blue Sage, stated, “We could not be more excited to partner with Don and the rest of the Baker senior leadership team, who will all continue to build upon Baker’s long track record of success. Baker has an impressive breadth of product offering and strong manufacturing expertise, and the vertical integration with the foundry has allowed the company to successfully navigate the challenging supply chain environment and expand market share recently. We are thrilled about this new partnership and are eager to execute on our joint strategy for growth.”

Blue Sage was represented in the transaction by Queen Saenz + Schutz PLLC (Legal), Cherry Bekaert (Accounting, Tax, IT), and USI Insurance Services (Insurance).

Baker was represented by Kroll Securities, LLC (Financial Advisor) and McDermott Will & Emery LLP (Legal).

About Blue Sage

Blue Sage Capital is an Austin, Texas-based private equity firm that has been investing in profitable, growing, lower middle-market companies since 2002. Blue Sage currently has over $400 million of assets under management and seeks to partner with founders, families and management as the first round of institutional capital for businesses that enjoy leadership teams in niche manufacturing, environmental solutions, or specialty services industries. Blue Sage typically invests $20 million to $40 million in control buyout investments and recapitalizations of companies with $20 million to $125 million of revenue.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220712005293/en/

Contacts

Jonathan Pearce or Joe Haddad
512-536-1900

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