Rock Hill Capital exits Blackhawk Specialty Tools
Rock Hill Capital Group announced today it had sold its ownership in Blackhawk Specialty Tools, LLC to Blackhawk management and Bain Capital, LLC. Bain Capital is a private equity company that focuses on companies in the small-to-lower middle market. Blackhawk Specialty Tools oil and gas services provider with a focus on well construction technology.
Rock Hill Capital made their initial investment in Blackhawk in 2010. The investment was intended to provide the firm with capital to widen its market presence 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. We enjoyed our relationship with the Blackhawk team and could not have asked for better partners. We wish them continued success," Randall Hale, the managing director and founder of Rock Hill Capital, said.
Billy Brown, CEO of Blackhawk, added, "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. They were a steady hand during some exciting times and I would highly endorse them as an investment partner to others."