Parallel49 Exits BFG Supply
Parallel49 Equity announces the sale of BFG Supply (“BFG”) to Incline Equity Partners, a Pittsburgh-based private equity firm. BFG is a market leading distributor of consumable supplies serving professional growers, such as commercial greenhouses and nurseries, as well as lawn & garden centers. Headquartered in Burton, Ohio, BFG’s product line covers thousands of consumable items such as chemicals, fertilizers, containers, growing media, seeds as well as greenhouse structures and equipment. Fund IV acquired BFG in September 2010 in partnership with management. During its 9-year investment, Parallel49 completed three add-on acquisitions, enhanced the Company’s executive leadership, and entered new markets, more than doubling the revenue of BFG over the course of its hold.
Metronome Partners, LLC acted as exclusive financial advisor to BFG and Paul Hastings LLP provided legal representation.