Magnum Systems, a portfolio company of Gen Cap America, has been acquired by Blue Sage Capital
Prestwick is pleased to announce the sale of Magnum Systems, Inc. to Blue Sage Capital. Prestwick acted as the exclusive advisor to Magnum and its private equity shareholder, Gen Cap America. The terms of the transaction were not disclosed.
Magnum is a designer and manufacturer of packaging and material handling systems for dry bulk solid and powder materials. Magnum has developed a full range of value-added equipment solutions that address the specific needs and performance requirements of customers in a variety of markets, including agriculture, food, chemical, industrial, and plastics, among others. Through its Taylor Products brand, Magnum provides packaging solutions, including bag weighing, filling and unloading equipment, as well as robotic and automated packaging solutions. Through its Smoot brand, Magnum offers a full spectrum of custom pneumatic conveying systems that are used to efficiently transport dry bulk solids within a facility over long distances.
Founded in 1988, Gen Cap America (“GCA”) is a private investment firm headquartered in Nashville, Tennessee. GCA specializes in acquisitions and recapitalizations of middle market businesses. GCA’s primary objective is to partner with owners and management teams who have a willingness to operate and grow successful businesses.
Founded in 2003, Blue Sage is an Austin, Texas-based private equity firm with over $300 million under management that specializes in growth, recapitalization and buyout financings of smaller middle-market companies. Blue Sage targets established, profitable businesses with a history of growth. Blue Sage invests across a variety of industries, with each initial investment in a company ranging from $10 million to $20 million.