Svoboda Capital Partners Exits Blake & Pendleton

Chicago, IL - November 22, 2017 - Svoboda Capital Partners ("SC") has sold its position in Blake & Pendleton ("B&P") in a management-led buyout transaction where CEO Allen King and the B&P management team partnered with Five Points Capital to recapitalize the business.

Headquartered in Macon, Georgia, B&P is a leading value-added distributor of air compressors, compressed air automation systems, pumping equipment, and flow control products in the Southeastern United States. The Company is a regional market leader in the compressed air market with over 14 locations across the Southeastern United States. Since 1971, the Company has served customers across a variety of end markets - manufacturing, textiles, food, automotive, agriculture, etc. - augmenting its product offering with a range of on-site and consultative technical services.

Allen King, CEO of B&P, and the rest of the management team will continue forward with the Company as majority stakeholders. "Our partnership with SC has been beneficial and enhanced the long-term growth and success of B&P," King said. "As we move forward into the next phase, we are excited to build upon our strong foundation to continue growing our business."

Svoboda Capital Partners originally recapitalized B&P in partnership with management in 2013. "On behalf of Svoboda Capital Partners, it has been a pleasure to work with the team at B&P. Under Allen's leadership, the team has built a strong organization that is committed to their customers and highly respected within the industry," said Richard Harpster, Managing Director at Svoboda Capital Partners. "We are excited for the opportunity this gives management going forward as majority owners."