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“We believe we found the right business partner in Valesco; one that would continue the work we spent 90 years building. At BloApCo we take great pride in manufacturing quality equipment and well-designed scrap systems to our customers. Valesco is an ideal investment partner for us. They not only understand and support our history, vision and values, but will offer key support as we continue to execute against our mission to be the best scrap system equipment manufacturer in our marketplace.”
Dan Cieslewicz – President
OPERATIONS TEAM:
Grant Norris | Mason Logan
Blower Application, LLC (“BloApCo”) manufactures and designs solid waste and scrap handling systems and processing equipment, primarily for corrugated box and packaging plants and retail distribution industry. BloApCo’s product solutions include modular shredding systems, trim handling systems, material handling fans, trim cutters and conveying systems in addition to a robust aftermarket offering or parts and refurbishment.
Valesco completed a majority buyout of the previous ownership group, partnering with the existing management team to capitalize on the Company’s long-standing market position, favorable industry tailwinds and highly achievable growth opportunities. Subordinated debt was also provided by Valesco and a revolver was provided by a senior lender who is also an investor in Valesco Fund III. Mesirow Financial, Inc. acted as exclusive financial advisor to BloApCo.