Stellus Provides Financing in Support of Blue Sage Capital’s Acquisition of Baker Manufacturing Co.Jul 12, 2022
Houston, TX – July 12, 2022 – Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing and an equity co-investment to support Blue Sage Capital’s (“Blue Sage”) acquisition of Baker Manufacturing Company, LLC (“Baker” or the “Company”).
Founded in 1873 and headquartered in Evansville, WI, Baker is a vertically integrated manufacturer of water well equipment and accessories for residential, industrial, municipal, and environmental end-markets, in addition to pumps for the viscous fluid transfer market and short-run castings for general industrial markets. Baker pioneered the pitless well adapter and, over its 150-year operating history, has established itself as the provider of choice in the water well industry.
Jonathan Pearce, Partner at Blue Sage, said, “We appreciate Stellus’ thoughtfulness in providing a flexible financing structure enabling us to grow the Baker business. We look forward to a strong partnership with Stellus going forward.”
Gavin Roseman, Managing Director at Stellus, added, “We believe Baker is the gold standard in its industry and represents a strong base for continued innovation and market expansion. We are proud to support Blue Sage and look forward to building our relationship with the Blue Sage and Baker teams.”
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