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Blue Point Capital sells Smith-Cooper

December 1, 2017

By: Adam Burroughs

Cleveland-based Blue Point Capital Partners has sold its interest in Smith-Cooper International, exiting the value-added designer, producer and distributor of branded valves, fittings and pipe.

New York-based Tailwind Capital picks up Smith-Cooper in the deal, the terms of which were not disclosed.

Smith-Cooper was a portfolio company in Blue Point II, the firm’s $400 million, lower middle-market buyout fund started in 2006. Blue Point recapitalized Smith-Cooper, which acquired and integrated its first add-on, Fire Protection Products Inc., during its ownership.

“Smith-Cooper provided a great opportunity for Blue Point to support management with a number of operating improvements, including Asian supply chain management, pricing optimization and analytical tools to enable data-driven decision making,” Blue Point partner Juli Marley said in a statement. “The leadership team focused on several key initiatives, which improved profitability and operational efficiency, allowing us to continue to invest in the business and the team to build a true platform ready to support additional growth.”