Edgeview Partners is pleased to announce the sale of BFG Supply Co., the leading horticultural supplies distributor in the Midwest, to Tricor Pacific Capital, a private equity firm based in Lake Forest, Ill., and Vancouver, British Columbia.  Edgeview Partners served as the exclusive financial advisor to BFG and its majority shareholder, Indianapolis-based Cardinal Equity Partners.

Details of the transaction, which closed on Wednesday, September 15, were not disclosed.

BFG Supply Co., headquartered in Burton, Ohio, is the largest distributor of greenhouse and nursery supplies in the large Midwest growing region.  The company provides nearly 20,000 primary stock keeping units, including containers, chemicals, fertilizers and growing media, to more than 6,500 professional growers.  The company’s differentiated capabilities include vendor managed inventory, product selection advice, new product design and education, inventory planning, plant brokerage and growing environment design. 

“Edgeview ran an exemplary process and continually exceeded our expectations in terms of client service.  The Edgeview team did an excellent job communicating the strengths of BFG through a tailored sale process,” commented John Ackerman, managing director of Cardinal Equity Partners.

Rob Glockner, chief executive of BFG, stated, “We could not have asked for a more professional approach or a better advisor relationship with the management team.  Edgeview prepared thoroughly to understand the nuances of the horticultural supply chain and then effectively articulated BFG’s competitive position to the marketplace.”

Cardinal Equity Partners (www.cardinalep.com) is a private investment partnership that seeks to acquire or assist management teams in recapitalizing lower- and middle-market businesses located in the central portion of the United States.  Cardinal has a nearly 20 year history of acquiring and growing niche businesses with a long-term mission of creating value by providing growth capital and management resources to the companies acquired.  Cardinal’s capital, provided through a committed fund, is sourced from the principals of the firm as well as a roster of highly respected business executives who are available to serve as board advisors to portfolio companies. 

Tricor Pacific Capital, Inc. (www.tricorpacific.com) is a leading private equity firm that invests in profitable, well-managed, middle-market companies located in the West and Midwest regions of Canada and the United States.  Tricor currently manages approximately $1 billion in capital, and is investing its fourth fund with $555 million in committed capital.

Securities products and services were offered through registered persons associated with TCP, LLC.