ShoreView and Abrasive Products & Equipment (“APE” or the “Company”) management retained BlackArch Partners to manage the sale of the Company, seeking to leverage BlackArch’s deep expertise and experience in the energy and distribution sectors.
BlackArch marketed APE to a broad range of potential buyers focused on energy and distribution sectors. Preliminary roadshow meetings with selected potential investors generated robust interest in APE’s platform and management’s growth vision.
APE was sold to Ridgemont Equity Partners, a Charlotte-based middle-market buyout and growth equity investor. Kevin Willis, CEO of APE, will continue to lead the company in partnership with Ridgemont Equity Partners.