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