Blake & Pendleton Announces a Strategic Combination With Case Engineering
Chicago, IL – November 9, 2015 – Blake & Pendleton, Inc. ("B&P" or the "Company"), a portfolio company of Svoboda Capital Partners LLC ("SC"), is pleased to announce a strategic combination with Case Engineering, Inc. ("Case"). Specific terms of the transaction were undisclosed. Headquartered in Evansville, Indiana, Case is a world class provider of sophisticated compressed air and gas control systems.
"Case's talented people and proprietary solutions will strengthen our firm's capabilities and expertise," said Allen King, CEO of Blake & Pendleton, "Case and iZ Systems are highly complementary companies and this combination will allow us to better serve our customers, channel partners and employees."
Case Engineering's control technologies and iZ Systems' compressed air automation systems, pressure/flow controllers, plant auditing, and turnkey energy projects, establishes our company's position as the worldwide leader in compressed air and gas control and energy management solutions. The combined business will offer the most sophisticated compressed air solutions available. Because of Case's strong management team and highly complementary service offering, no changes are planned at either company. John Craddock will continue to lead Case.
"Case's differentiated solution makes it a market leader and Blake & Pendleton is excited to partner with the company's talented management team to leverage our collective expertise in the compressed air industry." said Rick Harpster, Managing Director at SC.
About Blake & Pendleton
Blake & Pendleton is a leading independent value-added specialty distributor of air compressors, compressed air automation systems, pumping equipment and flow control products in the Southeastern United States. B&P has over 151 employees at nine branches strategically located in Georgia, Northern Florida, Alabama, Mississippi, Eastern Tennessee, and North Carolina. For more information, please visit www.blakeandpendleton.com.
About Svoboda Capital Partners LLC
Svoboda Capital Partners LLC is a Chicago-based private equity firm with over $300 million of capital under management. Founded in 1998, SC identifies, invests in and helps build excellent businesses in its targeted business niches: business services, value-added distribution, and consumer products. SC typically makes investments of $10 to $20 million per company as the sole investor or in partnership with other private equity firms.