Bluehenge Announces Significant Investment in PACCAR Winch
Bluehenge Capital Partners (Bluehenge) is excited to announce an investment in PACCAR Winch, a manufacturer of hydraulic winch, hoist and drive systems, offering comprehensive parts and service solutions for industrial applications across diverse industries and end users. This investment will support the majority buyout of PACCAR Winch by The Black Phoenix Group, a manufacturing-focused independent sponsor.
Headquartered in Broken Arrow, OK, the PACCAR Winch family encompasses the BRADEN, CARCO and Gearmatic brands, renowned for their reliability and industry trust since 1924. The company excels in innovation, engineering and service, and delivering essential products to customers and end users throughout the industrial ecosystem.
Bluehenge Capital Partners, along with Patriot Capital, provided debt and equity capital to facilitate the acquisition of the company by the Black Phoenix Group from PACCAR (Nasdaq: PCAR), a global leader in the design and manufacturing of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF brands.
Bryce Fisher and Mark Pickett, partners at The Black Phoenix Group, said, “We are thrilled to welcome PACCAR Winch into The Black Phoenix Group family. The Company’s strong market position and commitment to quality aligns perfectly with our investment strategy to acquire leading American businesses led by excellent management teams.” Albert Alexander, Director at Bluehenge, commented “We are excited to be a part of the next phase of the company’s growth and look forward to enabling the management team and the Black Phoenix Group to pursue growth initiatives as a standalone entity.”
The investment from Bluehenge will facilitate a smooth transition to new ownership while maintaining the high standards of product excellence and innovation that PACCAR Winch is known for. Bluehenge is also pleased to establish new partnerships with both Patriot Capital and the Black Phoenix Group.
About Bluehenge Capital Partners
Bluehenge Capital Partners is a Baton Rouge, Louisiana-based private equity and private credit investment firm offering creative capital solutions for lower middle-market businesses across various industries. In partnership with the US Small Business Administration, Bluehenge has raised over $420 million of capital in pursuit of its strategy. The Bluehenge team has a long history providing capital for buyouts, acquisitions, and growth to companies across a nationwide footprint. For additional information, please visit bluehenge.com.
About PACCAR Winch
PACCAR Winch stands at the forefront of industrial winch, hoist and drive system manufacturing, renowned for setting industry standards in quality and performance since its inception in 1924. Under its brands—BRADEN, CARCO and Gearmatic—PACCAR Winch produces durable, application-driven solutions for a diverse range of sectors including utility, oil & gas, construction, military and more. For more information, please visit paccarwinch.com.
About The Black Phoenix Group
The Black Phoenix Group is a Chicago-based private investment firm that partners with established businesses in the niche manufacturing, industrial technology and related value-added services and distribution spaces in developed American cities and their surrounding communities. The Black Phoenix Group is a trust-based organization that helps companies reach their potential, generates exceptional returns for investors, and positively impacts the communities in which they invest. For more information, please visit https://www.blackphoenixgroup.com/.
About Patriot Capital
Patriot Capital utilizes a disciplined investment strategy developed over many years that focuses on capital preservation, consistent earnings growth, and income generation. Patriot has successfully invested in and managed over 160 companies, through varying periods of economic expansion and contraction. Patriot also understands and employs successful strategies and tactics needed to guide companies through these periods. For more information, please visit: https://patriot-capital.com/
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