Blue Wolf Capital, Yellow Point acquire The State Group

U.S. private equity firm Blue Wolf Capital Partners has acquired a majority stake in The State Group Inc, a Toronto-based multi-trade contractor providing maintenance, repair and capital services to industrial clients across North America. No financial terms were released for the deal, which was also backed by Canadian private equity firm Yellow Point Equity Partners as a minority investor. Blue Wolf's Michael Ranson and Bennet Grill and Yellow Point's Tyler Smyrski will join the board. CEO Marc Dumont, who will continue to lead The State Group, said the deal will help the company pursue opportunities seen "in the end markets of our customer base."

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