Bluehenge Capital Partners Announces Investment in Iberville Companies

Bluehenge Capital Partners is pleased to announce its recently closed investment in Iberville Companies, LLC.  This was the first investment made by Bluehenge’s newest fund, Bluehenge Capital SBIC II, LP.  Founded in 1981 and based in Baton Rouge, LA, Iberville is a leading provider of industrial insulation and related specialty contracting services throughout the U.S. 

Bluehenge provided subordinated debt to support a management-led buyout and recapitalization of the company.  First Horizon Bank’s Baton Rouge team provided senior debt financing for the transaction. With the existing management team intact, Iberville is prepared to exploit organic growth opportunities while continuing to service existing clientele.  

Albert Alexander who, along with Sean Martin, lead Bluehenge’s investment team on this transaction, stated “Iberville’s blue-chip customer base is indicative of its reliable, safety-conscious operations. We are excited to partner with a business right in our backyard and believe the company is well positioned to deliver on its strategic vision.”  

About Bluehenge Capital Partners

Bluehenge Capital Partners is a Baton Rouge, LA-based private equity and private credit investment firm offering creative capital solutions for lower middle-market businesses across various industries. With 27 years of experience together and over $350 million of assets under management, the Bluehenge team provides capital for buyouts, acquisitions, and growth to management teams across a nationwide footprint. For additional information, please visit

About Iberville Companies

Iberville Companies is one of the largest and fastest growing providers of industrial insulation, fireproofing, heat tracing and other services to a wide variety of industries, including power generation, pulp and paper, refining, natural gas processing and chemical manufacturing.  The company employs over 700 employees across its various office locations in Baton Rouge, La Porte, TX, and Theodore, AL.  For additional information, please visit