Blackford Capital Acquires Snowhite Hospitality

March 22, 2017

Blackford Capital, a Grand Rapids-based private equity firm, announced its investment in Addison, Illinois-based Snowhite Textile and Furnishings (Snowhite Hospitality). The transaction (debt financed by West Suburban Bank) brings in industry veteran Greg Kadens as CEO while founder Dick Kapadia remains involved; Blackford intends to grow Snowhite's FF&E design, procurement, and project management capabilities for the hospitality market.

Buyers
Blackford Capital
Targets
Snowhite Textile and Furnishings, Inc. (Snowhite Hospitality)
Location
Illinois, United States
Transaction Type
Buyout

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