Black Opal Equity LLC, a new private equity firm that will specializes in acquiring and actively managing established middle-market businesses in the United States, launches today.
It will invest in companies that service, or partner with, the infrastructure, essential service and government sectors in the United States.
Black Opal Equity aims to acquire companies with strong potential for organic growth, typically with annual EBITDA of between $2.5m and $20m.
Matthew Day, who leads the firm, has spent much of his career at The Macquarie Group, making private equity acquisitions in the infrastructure service and essential service sectors.
In making the announcement, Day said: “This venture provides a very unique access to infrastructure service and essential service investment opportunities – at a time when the future vision for the infrastructure backbone of America is experiencing a great deal of re-evaluation and re-investment from both the government and private sectors”.
Black Opal Equity’s strategy is to make controlling investments assuming an active, day-to-day operational role as well as providing management resources.
A group of institutional and individual investors, entrepreneurs and operators, who have acquired and grown numerous profitable middle-market businesses, form the team of the firm.
Black Opal Equity is headquartered in Jersey City, NJ.