Private equity firm buys Park Seed

A federal bankruptcy judge on Monday approved a Maryland company’s $12.8 million bid to buy Greenwood’s Park Seed Co., a 140-year-old company that employs more than 200 people. Blackstreet Capital bought the company after a four-hour bankruptcy auction that pushed up the bid by more than $5 million. Creditors supported Blackstreet Capital’s bid. Blackstreet’s first bid was $7.1 million for Park Seed and early offers from other companies were as low as $1 million. “We are excited by the opportunity to save this great company and help it return to profitability,” said Aldus H. Chapin, managing director of Blackstreet