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Private Equity
blackthornepartners.com

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Investments

5

Portfolio Exits

1

About Blackthorne Partners

Blackthorne Partners is an investment company which deals with funds and direct investments. The company tends to invest in small niche companies. For the direct investments that Blackthorne makes, the firm typically invests in growth capital. The areas in which these investments are made include professional services, and value-added distribution.

Blackthorne Partners Headquarter Location

10303 N. Port Washington Rd Suite 201

Mequon, Wisconsin, 53092,

United States

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Latest Blackthorne Partners News

🔒 Berlon Industries acquires Viola-based Lowe Manufacturing

Jan 13, 2022

By Share A Lowe auger Hustisford-based Berlon Industries, a portfolio company of Delafield-based private equity firm Blackthorne Partners, has acquired Viola-based Lowe Manufacturing. Terms of the deal were not disclosed. Lowe Manufacturing is a supplier of auger, trench and grapple attachments… Want to Read More? Paid BizTimes subscribers get unlimited access to all Insider content and much more. Learn more in our Insider FAQ . Hustisford-based  Berlon Industries, a portfolio company of Delafield-based private equity firm Blackthorne Partners , has acquired Viola-based Lowe Manufacturing .Terms of the deal were not disclosed.Lowe Manufacturing is a supplier of auger, trench and grapple attachments for skid steer loaders and other machinery. It has 36 employees.Berlon Industries manufactures high-quality buckets and attachments for skid loaders, telehandlers, and compact utility tractors.Taylor Kotke, vice president of Emory & Co. , which represented Lowe Manufacturing during their sale, said owners Richard and Mary Lowe didn’t have any children who were actively involved in the business or someone to transition ownership to. This led to their decision to sell Lowe Manufacturing. Richard Lowe will retire from the company while Mary Lowe will remain with the business.The acquisition includes the Spiral Metals, LLC, division of Lowe Manufacturing, which specializes in non-standard helicoid flighting, sectional flighting, and conveyor screws. The spiral products are used within Lowe’s attachments and sold to outside customers.“The company was originally started by Richard’s father and Richard joined in the early 1980s. He certainly put his thumbprint on the business and grew it to where it is today, but it was really a scenario where they (the Lowes) realized it was time and they wanted to see their business continue to grow,” Kotke said.There were 15 parties that expressed interest in Lowe Manufacturing through the first round bids, which Kotke said is a strong market response.“Berlon Industries and Blackthorne Partners kind of stood head and shoulders above the rest, partly because of the strategic fit as well as cultural fit. Lowe Manufacturing’s products are very complimentary to the attachments that Berlon Industries manufactures, so it allows them additional product opportunities and an additional manufacturing site. The labor base at Lowe Manufacturing is also very attractive,” Kotke said. Randy Schickert, president and chief executive officer of Berlon Industries, said the Lowe brand, the company’s people and its locations in western Wisconsin will be retained. “The Lowe brand actually has a lot of brand equity as well, so that’s one of the things they’re intending to use and keep,” Kotke said.

Blackthorne Partners Investments

5 Investments

Blackthorne Partners has made 5 investments. Their latest investment was in ManageCore as part of their Private Equity - II on December 12, 2017.

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Blackthorne Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/20/2017

Private Equity - II

ManageCore

$0.75M

No

2

11/1/2016

Private Equity

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$99M

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10

1/11/2013

Private Equity

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$99M

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10

9/20/2010

Private Equity

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$99M

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0

9/6/2010

Growth Equity

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$99M

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10

Date

12/20/2017

11/1/2016

1/11/2013

9/20/2010

9/6/2010

Round

Private Equity - II

Private Equity

Private Equity

Private Equity

Growth Equity

Company

ManageCore

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Amount

$0.75M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

2

10

10

0

10

Blackthorne Partners Portfolio Exits

1 Portfolio Exit

Blackthorne Partners has 1 portfolio exit. Their latest portfolio exit was group:basis on September 01, 2015.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/1/2015

Acquired

$99M

1

Date

9/1/2015

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

Blackthorne Partners Acquisitions

3 Acquisitions

Blackthorne Partners acquired 3 companies. Their latest acquisition was Schaefer Brush Manufacturing on June 02, 2015.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/2/2015

$99M

Acq - Fin

2

3/24/2014

Other

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$99M

$99M

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10

11/14/2012

Other

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$99M

$99M

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10

Date

6/2/2015

3/24/2014

11/14/2012

Investment Stage

Other

Other

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$99M

$99M

Note

Acq - Fin

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Sources

2

10

10

Blackthorne Partners Team

3 Team Members

Blackthorne Partners has 3 team members, including current Founder, Managing Partner, John F. Syburg.

Name

Work History

Title

Status

John F. Syburg

Founder, Managing Partner

Current

Mark Robert Zellmer

Founder

Current

Steve Balistreri

Managing Director

Current

Name

John F. Syburg

Mark Robert Zellmer

Steve Balistreri

Work History

Title

Founder, Managing Partner

Founder

Managing Director

Status

Current

Current

Current

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