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Buyout PE

Blackford Capital

Blackford Capital acquires controlling stakes in established, profitable businesses, from Grand Rapids, MI, USA. It states a focus on software & internet, industrials & manufacturing and transportation & logistics.

Capital raised$104macross 3 SEC-filed vehicles
Most recent fund2021filing since 2020
HeadquartersGrand Rapids, MI, USA
Largest single fund$35m

Stated investment criteria

What Blackford Capital says it buys

Read from Blackford Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

Revenue it states$20m to $200m1
EBITDA it states$3m to $20m1
Founded20103
People listed on its team page182

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. Blackford Capital states that it takes majority or outright ownership. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Blackford Capital to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Blackford Capital has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed3
Total capital raised$104m
Largest single vehicle$35m
Filing history2020 to 2021
Smallest accepted commitmentNone stated
Filed fromMICHIGAN

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Blackford Capital is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised13 · $126m gross
SEC adviser numberCRD 298823

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Recorded transactions

Buying and selling

Deals in which Blackford Capital is named as buyer or seller in the transaction archive. 1 recorded exit, most recently in 2022.

CompanySideCounterpartyYearConsideration
Quality Aluminum ProductsSoldGibraltar Industries2022$54m

Compiled from a transaction archive of 10,204 recorded deals. Most private transactions are never disclosed, so this is a sample of a firm’s activity rather than a complete record of it.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

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Comparable investors

Similar mandates

Other buyout pe investors active in software & internet.