Houston, TX (August 6, 2013) – Rock Hill Capital Group (“Rock Hill”) today announced that it has finalized the sale of its ownership position in Blackhawk Specialty Tools, LLC (“Blackhawk”) to Bain Capital, LLC and Blackhawk management on August 1st.
Rock Hill invested in Blackhawk in February 2010 to provide the company with growth capital to expand its markets and product offerings. “We are pleased to have had the opportunity to work with the Blackhawk team and its CEO Billy Brown through an exciting and dynamic growth period for the company,” said Randall Hale, founder and managing director of Rock Hill. “We enjoyed our relationship with the Blackhawk team and could not have asked for better partners. We wish them continued success.”
“Rock Hill was instrumental in helping our company and our management team grow successfully as we entered new markets, expanded our product lines and broadened our customer base,” said Billy Brown. “They were a steady hand during some exciting times and I would highly endorse them as an investment partner to others.”
About Rock Hill Capital
Rock Hill Capital, headquartered in Houston, TX, is a private equity firm that invests in small-to-lower middle market companies located in the South and Southeast U.S. with enterprise values of up to $75 million. Rock Hill focuses on industrial and energy service companies and value-added distribution businesses. Take a deeper look at Rock Hill Capital and what makes our investments so successful by visiting www.rockhillcap.com.
About Blackhawk Specialty Tools
Blackhawk was founded by Billy Brown, Dean Robichaux, Ron Robichaux and Lawrence Brown in 2008 and is headquartered in Houston, TX with additional operations in Houma, LA. Blackhawk offers proprietary wellbore construction equipment, including cement heads and complementary cementing products. Blackhawk designs, assembles, rents and sells its technologically advanced equipment for offshore and onshore use by major integrated oil and gas companies, large independent oil and gas companies, and foreign national oil and gas companies operating primarily in the United States, Gulf of Mexico and in select international markets. For more information about Blackhawk, www.BlackhawkST.com.
Stacey G. Wells