“We are thrilled to be able to invest alongside management to support Weaver in building on its rich history of success. We were drawn to Weaver’s leading brands and niche market leadership position, along with the Company’s terrific alignment with Blue Point’s culture, value-add capabilities, enthusiast consumer investment experience and preference for local partnerships. We look forward to working alongside the talented Weaver team to execute organic and M&A driven growth initiatives,” said Blue Point Partner John LeMay.
Blue Point’s resources will support management in executing a growth strategy centered on continued product line innovation and expansion, further development of digital marketing capabilities and pursuit of acquisitions. In particular, Blue Point’s Data & Digital and supply chain capabilities will help drive marketing, branding, sourcing and product initiatives. Blue Point will also leverage its M&A capabilities to support Weaver—a true niche market category leader—to build on its successful track record of strategic acquisitions.
“Building on Weaver’s already-proven brands and broad product offering, we believe there is an excellent foundation for a successful partnership. Together with management, we have identified numerous opportunities to leverage various elements of the Blue Point value creation toolkit,” said Blue Point Principal Charley Geiger. “Simply having the opportunity to partner with the Weaver team and be part of the Company’s next chapter is exciting.”
Blue Point was represented by BakerHostetler and Stout acted as the exclusive financial and tax advisor in connection with the transaction.