HVAC Breaking News / News

March 9, 2012: Blue Wolf to Acquire Standex Air Distribution Products

March 9, 2012
/ Print / Reprints /
/ Text Size+
NEW YORK — Blue Wolf Capital Partners LLC, a New York-based private equity firm, announced that Blue Wolf Capital Fund II L.P., through an affiliate, has entered into an agreement with Standex International Corp. to acquire Standex’s Air Distribution Products Group (SADP), a leader in the design and manufacture of galvanized steel duct products for residential and light commercial buildings. Blue Wolf will acquire substantially all of the assets and assume certain operating liabilities of SADP. Terms were not disclosed.

The company’s executive management team, led by CEO Tom Smid, will remain with SADP and are investing in the company alongside Blue Wolf. Headquartered in Philadelphia, SADP operates five facilities in the United States and offers products to more than 500 customers throughout the nation.

Michael Ranson, Blue Wolf partner, said, “We are excited about the opportunity to invest in SADP, an industry leader with deep customer relationships across the country, and a top-class management team. Together we will put Blue Wolf’s proven operational focus to work as we actively pursue a broad range of opportunities — including investing in key growth areas such as human capital, customer relationships, capital equipment, and information systems — to grow this dynamic organization and further strengthen the company’s leadership position.”

Smid said, “The acquisition of the Air Distribution Products Group by Blue Wolf affords our business many exciting opportunities. We now have a financial partner who is eager to invest in enhancing our systems and growing our business both organically and through broadening our presence in the air distribution market. Blue Wolf’s vision and support, coupled with our market knowledge and relationships, create a strong team focused on value creation for our customers and growth.”

For more information, visit www.blue-wolf.com.

Publication date: 03/05/2012

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.


NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts



NEWS 04-14-14 cover

2014 April 14

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe


Which statement on service calls best applies to your business?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con