Black Lake Capital, LLC (“Black Lake”) is pleased to announce that its portfolio company SpinnakerSCA was acquired by Publicis Sapient (“Sapient”), the digital business transformation company of Publicis Groupe (“Publicis”).
SpinnakerSCA is a leading supply chain services firm providing supply chain management consulting, supply chain planning, and supply chain execution services. Formed in 2021 through the merger of SCApath and Spinnaker, SpinnakerSCA offers a comprehensive suite of services aimed at enhancing the supply chain performance of its diverse customer base.
“Black Lake supported our growth and helped us to seamlessly integrate two mergers while retaining our talented employees through these transitions. Because of Black Lake’s investment, we were able to address a broader set of supply chain challenges and opportunities. Our combination with Sapient will build on these strengths,” said John Sharkey, CEO of SpinnakerSCA.
“The relationship we built with Black Lake and their investment partner Source Capital was critical to our success. I am excited to see the new opportunities available to our team members on the Sapient platform,” added SCApath Founder Evan McCaig.
Black Lake is a private investment firm empowering the founders of technology-enabled business to achieve their goals. Since its founding in 2013, Black Lake has completed 15 transactions in cybersecurity, software development, systems integration, managed services, supply chain, and technology distribution. Black Lake targets industry leaders, headquartered in the US and Canada with $2-12M in annual cash flow.
Sapient is a digital business transformation company. Sapient partners with global organizations to help them create and sustain competitive advantage in a world that is increasingly digital. Sapient is the digital business transformation hub of Publicis Groupe with 20,000 people and over 50 offices worldwide.
Black Lake partnered with Source Capital, LLC, a private equity firm that invests in lower middle-market companies across a range of industries, in its acquisition of SpinnakerSCA. Source Capital’s investment strategy targets growing companies with greater than $2 million of EBITDA. Since its founding in 2002, Source Capital has made 23 equity platform investments, 39 add-on acquisitions, and 28 debt investments.
Houlihan Lokey served as the exclusive sellside financial advisor to Black Lake and Source in the transaction. The terms of the transaction were not disclosed.
About Black Lake Capital
Black Lake Capital is a private investment firm partnering with technology and innovation-enabled businesses. From 100% buyouts to equity recapitalizations with majority or substantial minority positions, Black Lake has the flexibility to meet the needs of growing businesses. On our ten-year history, we have completed 14 transactions in cybersecurity, software development, systems integration, managed services, supply chain, and technology distribution Please visit our website, www.blacklakecap.com, for more information.
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Black Lake Capital is a private investment firm partnering with technology and innovation-enabled businesses generating $2-12M in annual cash flow. Since 2013, we have completed 14 transactions in cybersecurity, software development, systems integration, managed services, supply chain, and technology distribution.
