BlackArch Partners announcedthe sale of Point Blank Holding Corp., an affiliated portfolio company of Sun Capital Partners, Inc. to JLL Partners, Inc. Point Blank, headquartered in Pompano Beach, FL, is the worldwide leader in the development and commercialization of protective solutions for the military, law enforcement and corrections markets. The purchase by JLL and partnership with Point Blank’s management team will provide the Company with the platform to continue to develop state-of-the-art lifesaving technologies, expand its geographic reach and pursue strategic acquisitions.
BlackArch was retained by Point Blank to serve as the company’s exclusive investment bank. The Point Blank transaction builds upon BlackArch’s experience and significant momentum in the aerospace, defense & government services (ADGS) sector representing market leading businesses.
Daniel Gaston, Point Blank’s Chief Executive Officer, commented, “BlackArch worked tirelessly to lead a differentiated sale process that effectively positioned our strong track record and attractive growth profile. I’ve worked with a lot of investment bankers over the years and BlackArch has earned my highest recommendation.”
Point Blank is the largest manufacturer of ballistic protective products in the world.
Sun Capital Partners is a global private equity firm focused on identifying companies’ untapped potential and leveraging its deep operational and financial resources to transform results.
JLL is a leading private equity investment firm based in New York. Founded in 1988, JLL manages more than $3 billion in equity capital and its investors include major university endowments, state pension funds, charitable foundations, corporate pension funds and other institutions.
BlackArch Partners is a leading middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies and diversified corporations.