Case Studies

Sale of Blue Sky Network to an Independent Sponsor

blue sky network

Calabasas Capital is pleased to announce the successful recapitalization of its client, Blue Sky Network, LLC, (“Blue Sky” or the “Company”) by an affiliate of Kerwood Capital Partners, LLC (“Kerwood Capital”). Blue Sky is a communications software and services company based in La Jolla, California. Blue Sky offers a proprietary cloud-based fleet management and tracking solution to a diversified client base in the airline, marine and trucking industries.

Kerwood Capital is a Los Angeles-based entrepreneurial investment firm focused on lower middle market companies. Kerwood Capital is a search fund which acquires only one company at a time and its principals operate the businesses they acquire.

The founding shareholder of Blue Sky Network retained a significant ownership stake in the company as part of the transaction. The principals of Kerwood Capital will assume primary management responsibilities. The transaction was funded by a combination of equity and debt.

David Bonrouhi, Managing Director of Calabasas Capital said, “We are honored to have had the opportunity to work with Blue Sky Network and its other advisors on this transaction. The Company has an impeccable reputation in its industry and enjoys a solid and growing base of recurring revenue, which led to a very high level of interest from many parties. Kerwood Capital stood out from the crowd with its strong industry knowledge, solid financial backing, and the integrity they demonstrated to us and the Company during the deal process.”

Disclaimer

The information contained herein is believed to be reliable, but is not guaranteed as to its accuracy or completeness. This website is provided solely for your information and convenience. This material does not constitute an offer to sell or a solicitation of an offer to buy any security.

An offer can only be made by a prospectus that contains more complete information on risks, management fees and other expenses. In order to fully understand all of the implications and risks of investing, investors should carefully read a prospectus before investing.

Investment Products and Services Are Offered Through Fallbrook Capital Securities Corp. (Member FINRA and SIPC). You may contact Fallbrook Capital Securities Corp. by calling (818) 657-6130 or going to www.fallbrookcapital.com