OFFICIAL PRESS RELEASE
BLK BOX Fitness, a leading manufacturer of strength and conditioning equipment, today announced that it has secured a significant equity investment from Cordovan Capital Management, a Belfast-based private equity firm.
This investment marks an exciting new chapter for BLK BOX, which has been steadily growing its global customer base and expanding its product offerings. The funding will be used to support the company’s continued expansion into new markets, invest in research and development, and enhance its UK-based manufacturing capabilities.
The investment will see Daniel Anderson of Cordovan and experienced investor-director Keith McDermott join BLK BOX’s board of directors.
“This investment from Cordovan will be instrumental in driving our next phase of growth,” said Ben Stocks, Managing Director of BLK BOX. “We are excited to partner with Cordovan and leverage their experience and expertise to further expand our global footprint and develop innovative products that meet the needs of our customers.”
“We are thrilled to welcome BLK BOX to our dynamic and growing portfolio of SMEs,” said Daniel Anderson, a Founding Partner of Cordovan’s investment fund. “The company’s strong track record of growth and its commitment to innovation make it an ideal partner for Cordovan. We are confident that our investment will help BLK BOX achieve its full potential.”
BLK BOX is headquartered in Newtownabbey, Northern Ireland, and employs over 80 people. The company’s products are sold to a wide range of customers worldwide, including PureGym, Irish Rugby, and Manchester United.
About Cordovan Capital Management
Cordovan Capital Management is a Belfast-based private equity firm that invests in growing businesses across the UK and Ireland. The firm has a strong track record of supporting companies in a variety of industries, including manufacturing, technology, and healthcare. Cordovan provides its portfolio companies with investment capital, strategic guidance, and operational support to help them achieve their growth objectives. The investment in BLK BOX represents the eighth investment closed by its institutional fund vehicle, Cordovan Capital Partners II LP, and the seventeenth investment made by the group over the past several years.