“Martin Stein was like most private equity investors who expected another strong year of growth in 2020 with the firm he founded, Blackford Capital, where he serves as managing director.
A large part of the Grand Rapids, Michigan-based firm’s investment focus is lower-middle-market manufacturers located throughout the Upper Midwest, which anticipated the momentum of the previous year would continue. Then the coronavirus hit, dealing a serious blow to those projections and threatening large portions of the jobs at its portfolio companies…”
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