William Blair acted as the exclusive financial advisor to Boyne Capital Partners (Boyne) in connection with the raising of its single-asset continuation fund to acquire Pilot Energy (Pilot) from BCM Fund I, LP (Fund I) and other shareholders. The transaction closed in late December, and was anchored by New 2ND Capital as the sole lead investor, with additional commitments provided by syndicate investors, and Boyne’s existing limited and general partners.
View a press release for the transaction here.
About the Companies
Boyne is a Florida-based private equity firm focused on investments in lower middle market companies, specifically companies with revenues of less than $100 million and with EBITDA of $3 million to $15 million. Founded in 2006, Boyne has successfully invested in a broad range of industries, including healthcare services, consumer products, manufacturing, and business & financial services. Beyond financial resources, Boyne provides industry and operational expertise to its portfolio companies and partners with management to drive company performance and growth. Boyne specializes in providing the capital necessary to fund corporate growth and facilitate owners and shareholders' partial or full exit. For additional information, please visit www.boynecapital.com.
Based in San Diego, CA, Pilot provides energy procurement advisory services, and electric utility billing services for commercial & industrial customers and community choice aggregation. Pilot offers clients custom-tailored services that can lower utility costs, reduce commodity price-related risks, and provide greater procurement flexibility than utility-based suppliers or traditional electricity retailers. For more information, please visit www.pilotenergy.com.
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