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Blackford Capital Acquires Starfire Direct

Nov 14, 2022•about 3 years ago

Acquiring Company

Blackford Capital

Acquired Company

Starfire Direct

Grand RapidsInvestment Management

Description

Blackford Capital ("Blackford"), a leading lower middle market private equity firm, announced today the acquisition of Starfire Direct, based in Temecula, California. Starfire Direct is one of the leading direct-to-consumer companies in the hearth and patio sector, with award-winning fireplace, gas fire pits and high-end custom products for both residential and commercial installations.

Company Information

Company

Blackford Capital

Location

Grand Rapids, Michigan, United States

About

Blackford Capital is a private equity investment firm headquartered in Grand Rapids, Michigan. Blackford Capital makes majority control investments in founder and family-owned, lower middle-market manufacturing, industrial, and distribution companies. Currently, Blackford Capital has eleven portfolio companies. Blackford and their team members have received a number of recognitions over the past several years, including M&A Adviser Private Equity Firm of the year, Corp. Magazine Small Company of the Year (Michigan), GR Chamber of Commerce Small Business of the Year (West Michigan), numerous recognitions on the Inc. 5000 fastest growing private companies list and M&A Adviser Private Equity Professional of the Year (Martin Stein).

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed