Equity Partners HG, formerly Heritage Equity Partners, acted as investment banker and advisor to Blissfield Manufacturing in its sale to BMG Global.
Equity Partners effectuated the going concern sale, which closed on November 21, 2016, through an Article 9 foreclosure, in cooperation with the company’s secured creditor.
Blissfield, a fourth generation family-owned business, specializes in heat transfer technology within the automotive, off-highway vehicle, commercial refrigeration and industrial equipment markets.
The company’s annual revenue was reduced by recent changes in technology that made obsolete many of the products it delivered to its larger clients.