Lower middle-market private equity firm Blue Sage Capital has completed its acquisition of Magnum Systems.
Headquartered in Kansas City, with an additional manufacturing facility in Parsons, Kansas, Magnum, through its Taylor Products and Smoot brands, is a designer and manufacturer of branded packaging and material handling solutions.
The company’s products are designed to handle free-flowing materials that are difficult to package or convey in all types of manufacturing environments.
President and CEO of Magnum, Travis Wallace, says: “The Magnum management team is thrilled to partner with Blue Sage as we seek to lead the company into its next stage of growth. The Magnum brand is highly respected in the industry and with the resources and skill set Blue Sage can bring to bear, we believe the company is well-positioned for the future.”
Peter Huff, co-founder and managing member of Blue Sage, says: “Magnum management and shareholders have built a solid business with a long track record of market leadership in the pneumatic material handling and packaging industries. We are delighted to partner with Travis Wallace and his team as we work together to accelerate the growth initiatives at the company.”
