Blackford Capital is relocating its headquarters from Irvine, California to Grand Rapids, Michigan— the hometown of the firm’s founder Martin Stein.
The move will allow Blackford to focus on adding new platform companies in the region, said Stein in a statement. “Given that roughly 70 percent of our investments have taken place in the Midwest and the East Coast, it was a natural progression for our firm to eliminate the redundancy of two offices in California.”
The mid-market firm began its operations in 2000 with a Chicago office and later progressed west “to ensure the successful performance of some of its early investments”. The firm will keep its office in San Francisco.
Blackford targets businesses with annual revenues of between $20 million and $100 million in the manufacturing, distribution and services industry.