MILWAUKEE, WI (December 20, 2018) – TKO Miller is pleased to announce the successful sale of Blower Application Company, Inc. (BloApCo), a Southeastern Wisconsin-based specialty manufacturer of shredders, fans, and other scrap handling and pneumatic conveying equipment, to Gen Cap America (Gen Cap) and Company management.
BloApCo designs and manufactures highly engineered solid waste and scrap handling systems and process equipment. BloApCo’s products include shredding systems, trim handling systems, material handling fans, and conveying systems primarily utilized in the paper, packaging, and corrugated industries. Headquartered in Germantown, Wisconsin, BloApCo’s products have been trusted around the globe by an industry-leading customer base since the Company was founded in 1933. Today, BloApCo maintains a steadfast commitment to providing uncontested quality and service.
“Having been BloApCo’s owners for over 30 years, it was very important for my partner, Mike Young, and me to find a buyer that was going to maintain the Company’s legacy after we retired,” said John Stanislowski, BloApCo’s President. “We not only feel that Gen Cap will be excellent stewards of what made BloApCo successful for the past 85 years, but they will also partner with existing management and invest in continued growth and development of the business.”
“BloApCo’s reputation in its markets and track record of success made it a very attractive Company to an extensive number of potential buyers,” said Tim Oleszczuk, Managing Director at TKO Miller. “Gen Cap stood out because its vision for the business and its support and relationship with current management lined up particularly well with the sellers’ objectives.”
Founded in 1988, Gen Cap America is a private investment firm headquartered in Nashville, Tennessee. Gen Cap focuses primarily on middle market family-and-founder-owned businesses in the manufacturing, distribution, and basic services sectors. Gen Cap prefers situations where they are able to invest alongside a company’s existing management team as co-owners, and work together with employees and management to continue to grow the business.
TKO Miller, LLC is an independent, advisory-focused, middle market investment bank. With over 130 years of collective transaction experience, TKO Miller provides merger and acquisition and financial advisory services for privately-held and private-equity owned businesses, with a special focus on family-and-founder-held businesses.
TKO Miller aims to bring value to clients by combining outstanding people with a results-oriented, flexible approach to transactions. Our services include company sales, recapitalizations, asset divestitures, and management buyouts. TKO Miller has a generalist focus, but has served clients in a wide range of industries, including manufacturing, business services, consumer products, and industrial products and services. For more information, visit our website www.tkomiller.com.