Blue Sage Capital recognized for business investments

Nov 26, 2013
Austin Business Journal

The U.S. Small Business Administration has named Blue Sage Capital the 2013 Small Business Investment Company of the Year


Last year, the Austin-based investment firm completed two successful exits for its portfolio companies, heavy-equipment maker Ashbrook Simon-Hartley Ltd. and R360 Environmental Solutions. Blue Sage also closed its second fund at $150 million, 50 percent above its target amount, officials announced Monday


Blue Sage Capital, which was founded in 2003, invested more than $115 million in 13 small businesses through its first fund. Of the six businesses Blue Sage has realized to date, the firm increased revenue by 30 percent. It also grew the number of its employees by 46 percent, creating nearly 400 new jobs, according to Co-Founder and Managing Member Peter Huff


Additionally, Mergers & Acquisitions named Blue Sage Capital its seller of the year for the firm’s investment in R360 Environmental Solutions. The firm posted a return of more than 63 times the capital it initially invested in R360’s predecessor company. Last year, R360 was bought by The Woodlands-based Waste Connections Inc. (NYSE: WCN) for more than $1.3 billion


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