Blue Point Capital Partners is pleased to announce the sale of Sylvan, Inc. (“Sylvan”), a BPCP III portfolio company, to E3Tech<>. As a part of the transaction, Blue Point made a rollover investment in the company and is excited to continue its relationship with Sylvan, reflecting the firm’s strong confidence in the company’s future prospects.
As the first institutional investor in Sylvan, Blue Point played an integral role in transforming the business into a scalable platform for growth, significantly boosting EBITDA and positioning the company for continued success within a broad range of industries, including data centers, semiconductors, energy, material handling, automotive and industrial infrastructure.
Founded in 1956, Sylvan has built a reputation as a trusted full-service provider, offering comprehensive multi-trade solutions across commercial and industrial applications. Sylvan's extensive capabilities span piping, sheet metal, HVAC, conveyance systems, electrical systems and more. Its competencies range from large-scale design, fabrication and installation projects for new construction and renovation to ongoing maintenance services.
"Sylvan’s partnership with Blue Point has been pivotal in our growth journey,” said Sylvan CEO Rob Metz. “Their support and commitment helped us overcome challenges, seize new opportunities and build a stronger, more resilient company — all while maintaining the highest level of customer service and flawless project execution. The solid foundation we've established will continue to drive our success for years to come as we enter this next exciting phase of advancement and evolution."
Under Blue Point’s ownership, Sylvan achieved impressive milestones, including the acquisition of Great Lakes Mechanical in 2021, expanding its HVAC, commercial building services and sheet metal fabrication capabilities. In 2024, Sylvan further strengthened its platform with the acquisition of Anchor Conveyor Products and the formation of Sylvan Conveyance Group, which has scaled significantly since its inception. These strategic moves, combined with a 500% increase in Sylvan employee headcount, a doubling of locations and geographic expansion into Phoenix, Mexico and Dallas, fueled revenue growth of approximately 500%.
“Working alongside the Sylvan team has been a rewarding experience, and we are proud of what we have created together,” said Blue Point Partner Jonathan Pressnell. “Collectively, we have implemented operational enhancements, including the addition of key personnel, new services and geographies and the roll out of multiple technology enhancements, including ERP, project and safety management tools and artificial intelligence, to drive efficiency and data-driven decision making.”
As Sylvan embarks on the next chapter of its growth, Blue Point remains committed to supporting the company’s continued success and expanding its leadership in the industry.
Sylvan, Inc. is one of North America’s leading providers of multi-trade capabilities, including piping, sheet metal, HVAC, conveyance systems, electrical systems and more. The company provides full project support, including design, planning, installation, maintenance and repair services to a diversified portfolio of customers. Sylvan's broad range of end markets includes automotive, energy, government, education, data centers, consumer products, oil and gas, material handling, food and beverage, among others.
Blue Point Capital Partners is a private equity firm managing over $1.8 billion in committed capital. With nationwide resources, Blue Point’s geographical footprint allows it to establish relationships with local and regional entrepreneurs and advisors while providing the perspectives and resources of a global organization. Blue Point has over a two-decade history of partnering with lower middle-market businesses to build processes and capabilities to achieve growth. Blue Point’s portfolio is supported by its unique capabilities — which include an integrative team focused on innovative global supply chain, data & digital and human capital strategies — as well as its extensive experience, network of industry resources and focused M&A efforts. Blue Point typically invests in businesses that generate between $30 million and $300 million in revenue.
Note: Certain statements about Blue Point Capital Partners made by portfolio company executives herein are intended to illustrate Blue Point Capital Partners’ business relationship with such persons, including with respect to Blue Point Capital Partners’ facilities as a business partner, rather than Blue Point Capital Partners’ capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Blue Point Capital Partners-sponsored vehicles.
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