Blue Point Capital Partners has acquired its 10th Blue Point III platform investment, FM Sylvan Inc.
“FM Sylvan represented an attractive opportunity to partner with a motivated management team looking to diversify and significantly grow the company,” Blue Point partner Sean Ward said in a statement. “As their first institutional partner, we believe that we can assist management with strategic planning, metrics development, data analytics and an add-on acquisition strategy.”
Pontiac, Mich.-based FM Sylvan is one of North America’s leading providers of industrial pipe installation and fabrication, millwright and rigging, electrical, boiler and turbine contracting services to end markets that include automotive, energy, government, education, consumer products, water treatment, material handling, and food and pharmaceutical, among others.
Blue Point intends to deepen FM Sylvan’s customer relationships and expand maintenance and service offerings. Jeff Robich, a principal with Blue Point, added that FM Sylvan is well-positioned to execute numerous organic and acquisition initiatives.