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Michigan extruder Custom Profile sold to private equity firm

By: Rhoda Miel

August 21, 2012

GRAND RAPIDS, MICH. (Aug. 21, 5 p.m. ET) — Extruder Custom Profile Inc. has been purchased by a private equity group that is making the Grand Rapids-based company the first firm in its new investment fund.

Blackford Capital, also based in Grand Rapids, announced the acquisition for an undisclosed amount on Aug. 21.

Custom Profile, with manufacturing in Grand Rapids and Juarez, Mexico, also has in-house tooling and assembly. The company makes parts for the office furniture and appliance industries. It has 165 employees and says it has regularly outperformed competitors with year-over-year growth in both revenue and earnings for 18 of its 20 years in operation.

Custom Profile founder, CEO and President Sam Nicholas will remain with the company as president and CEO, working with a board of directors from Blackford. The existing management team will also remain at the firm.

Custom Profile is the first company in Blackford’s Michigan Equity Investment Fund, which is focused on investments within the state of Michigan. Blackford has investments through other funds specializing in mid-sized manufacturing, distribution and service companies.

Mercantile Bank of Michigan and Convergent Capital Partners assisted in financing the purchase. Stout Risius Ross Advisors LLC was an advisor in the sale.