Charlesbank Capital Partners Acquires Empire Today from H.I.G. Capital

Blackford Capital Acquires Empire Distributing (Patio Consolidation Platform Add-on)

October 15, 2024

Building Products

Blackford Capital, a lower middle-market private equity firm, has acquired Empire Distributing, a hearth and outdoor living products distributor based in Arcade, New York. The deal is an add‑on to Blackford's Patio Consolidation Platform and is intended to broaden the platform's product breadth, distribution channels and geographic reach across the Northeast and Midwest US; terms were not disclosed.

Revelstoke Capital Partners Acquires Majority Stake in Empire Portfolio Group Holdings

January 6, 2021

Healthcare Services

Revelstoke Capital Partners, a Denver-based private equity firm, acquired a majority interest in Empire Portfolio Group Holdings, a leading Orangetheory Fitness franchisee and area representative. The investment will fund Empire's de-novo studio growth across the country and support strategic acquisition opportunities while founder and CEO Adam Krell retains a substantial ownership stake and remains CEO.

PNC Riverarch Capital Acquires Empire Group from Kian Capital Partners

February 7, 2020

Manufacturing

PNC Riverarch Capital has acquired Empire Group, a Raleigh, North Carolina–headquartered wholesale distributor of commercial foodservice equipment and OEM parts, from Kian Capital Partners. Terms were not disclosed; under Kian's ownership Empire expanded to seven locations, served 5,500+ customers and materially grew revenue and EBITDA.

Charlesbank Capital Partners Acquires BOX Partners

December 14, 2021

Packaging

Charlesbank Capital Partners has acquired BOX Partners, a family-owned, technology-enabled wholesaler of packaging, shipping and industrial supplies headquartered in Elgin, Illinois. The deal—funded with equity and debt and marking the company's first outside equity—positions BOX to expand product categories, geographies and e-commerce capabilities; Neil Thomas will become CEO and the company's co-founder and president will step down.

H.I.G. Capital Affiliate Acquires Pegasus Home Fashions

August 19, 2021

Manufacturing

H.I.G. Capital, through one of its affiliates, completed the acquisition of Pegasus Home Fashions, a leading U.S. poly-filled pillow manufacturer headquartered in Elizabeth, New Jersey. H.I.G. plans to support Pegasus's growth initiatives, including brand expansion, channel development and strategic add-on acquisitions while the existing management team remains in place.

Bigge Crane Acquires Majority Stake in Empire Crane Company

April 8, 2023

Construction

Bigge Crane and Rigging Co. acquired a majority stake in Empire Crane Company, creating a coast-to-coast alliance that expands Bigge's 'Perfect Fleet' availability on the East Coast. The partnership gives Empire customers access to Bigge's inventory, dealer pricing and priority ordering from major crane manufacturers while enabling geographic expansion into the Gulf, Mountain and West Coast regions.