Blackford Capital (Blackford), a lower middle market private equity firm, has closed the sale of portfolio company Mopec Group, a supplier of equipment, consumables, and services for pathology and anatomy professionals, to PE firm Waud Capital Partners (WCP).
Chicago-based WCP, focuses on growth-oriented middle-market investments in the healthcare and software & technology sectors.
Founded in 1992 and headquartered in Madison Heights, Michigan, Mopec provides products and solutions for the advancement of diagnostic accuracy, safety, research, education, and the treatment of disease.
Varnum served as legal counsel for Blackford Capital and Mopec. Piper Sandler & Co acted as exclusive financial advisor to Blackford Capital and Mopec. Kirkland & Ellis served as legal counsel for Waud Capital. Stout Capital served as financial advisor to Waud Capital. Terms of the transaction were not disclosed.
