Founded nearly 150 years ago and headquartered in Evansville, Wisconsin, Baker manufactures residential, industrial, municipal, and environmental water well equipment and accessories, as well as Haight specialized rotary gear pumps and ductile and gray iron castings.
Baker’s president and CEO Don Wesdell said: “Our partnership with Blue Sage Capital represents an exciting inflection point in Baker’s history. We are looking forward to working alongside the Blue Sage team to continue to launch new water systems and pump products, expand into new geographies, pursue strategic acquisitions, and invest in our business.”
“We could not be more excited to partner with Don and the rest of the Baker senior leadership team, who will all continue to build upon Baker’s long track record of success,” said Jonathan Pearce, partner at Blue Sage. “Baker has an impressive breadth of product offering and strong manufacturing expertise, and the vertical integration with the foundry has allowed the company to successfully navigate the challenging supply chain environment and expand market share recently. We are thrilled about this new partnership and are eager to execute on our joint strategy for growth.”
Blue Sage typically invests US$20 million–US$40 million in control buyout investments and recapitalizations of companies with US$20 million–US$125 million of revenue.
