Daily News: October 23, 2012

BlackArch Partners Advises Smith-Cooper on Sale to Blue Point


BlackArch Partners announced the closing of the sale of Smith-Cooper International, LLC, a portfolio company of ZS Fund LP, to Blue Point Capital Partners.

Based outside of Los Angeles in Commerce, CA, Smith-Cooper is a global producer and value-added distributor of branded, high-quality pipe, valves and fittings (PVF) targeted at mission critical applications with stringent performance requirements. The company serves a critical function in the PVF supply chain by linking high-quality, low-cost Asia-Pacific manufacturers with distributor customers while providing highly valued services that support customer sales growth, efficiency and cost reduction.

Smith-Cooper’s management team, including CEO Ron Kurstin, president Bob Cooper and EVP Ed Beetschen, will continue to lead the company and leverage Blue Point’s unique China capabilities and operating network to accelerate the growth of the business.

BlackArch Partners was retained by Smith-Cooper to serve as exclusive sellside adviser on the sale of the company. Specific terms of the transaction were not disclosed.

“BlackArch exceeded our high expectations in every way,” said Bob Horne and Nick Burger of ZS Fund. “They provided senior level attention from start to finish, and we received valuable, thoughtful advice throughout the process. BlackArch developed an in-depth understanding of Smith-Cooper’s business and did an excellent job of communicating the company’s unique attributes to the market.”

“BlackArch exemplified professionalism, solid business acumen and expertise in their field,” said Kurstin. “I was impressed by their collaborative effort and 24/7 reliability and dependability.”

ZS Fund is a private equity firm engaged in making long-term investments in successful middle-market companies.

Blue Point Capital Partners is a private equity firm managing over $800 million in committed capital.

BlackArch Partners is a middle-market investment bank offering a full spectrum of advisory services.

Previously on abfjournal.com:

NXT Capital Agents $84 Million for Blue Point Acquisition, Monday, October 22, 2012