BlackArch Partners announced the recapitalization of VP Holding, Inc., a former portfolio company of Fort Point Capital, by Audax Private Equity.

Van Pool, headquartered in Wilbraham, Massachusetts, is a leading provider of transportation services for special needs and homeless students in Massachusetts, Connecticut and New Hampshire.  Since Fort Point’s investment in 2014, the Company more than doubled revenue and EBITDA, extending its geographic footprint from its original Western and Central Massachusetts core, while completing two accretive add-on acquisitions.

BlackArch was retained by Fort Point Capital and management to serve as the Company’s exclusive financial advisor. 

Christina Pai, Partner at Fort Point Capital, commented:  “Every transaction process is an adventure and we were certainly pleased to have BlackArch as our trusted advisor and partner for this transaction.  The BlackArch team had a relentless, ‘whatever it takes’ mentality towards deal execution, conveying all of the positive attributes of the Van Pool platform and explaining the specialized, niche industry in which Van Pool operates.  BlackArch was instrumental in driving an excellent outcome for Van Pool’s shareholders, while finding the best partner to help our management team execute on their vision.  We look forward to working with BlackArch in the future.”

Rick Jones, Chief Executive Officer at Van Pool, added:  “We are very pleased to have had such a great partnership with Fort Point Capital and are appreciative for the professionalism and thorough knowledge of the BlackArch Partners team to guide us through this complex process.  We look forward to a great future of continued growth, executing on our mission to positively and significantly contribute to the success of our students, schools and communities.”