The . The company was sold in October 2005 to Beacon Roofing Supply (Nasdaq: BECN). The company supplies a comprehensive product portfolio of over 140,000 branded and private label products sourced from over 600 vendors to over 11,000 independent distributors in multiple sectors; including, industrial, janitorial/sanitation, MRO, safety, construction, electrical, rental, welding, and oilfield services. After sign up, well get in touch to help you find the resources that will benefit you the most. Private equity activity related to environmental sustainability decreased by 7% in the power industry in Q3 2022; . Convene, 117 W 46th St, New York, April 19-20, 2023 The company was sold in December 2007 to United Stationers (Nasdaq:USTR). A verification email is on its way to you. Market Intelligence Here's an excerpt: Most funds take 12 years or more to fully liquidate. This copy is for your personal, non-commercial use only. Investors are told that this is the time frame within which the investment manager will source appropriate transactions, make the various investments and then effect realisations. it's been delivered there. Register now to read this article and more for free. Market Data . Only logged in subscribers of this site will be able to access the shared article. Italian authorities arrested three people and were looking for a fourth suspect who they believe trafficked up to 200 migrants aboard a wooden boat that smashed apart on rocks off southern Italy on Sunday, killing at least 65 people. /marketintelligence/en/news-insights/latest-news-headlines/leveraged-loan-news/senior-team-from-brazos-forms-new-middle-market-pe-firm The first Brazos fund closed in 2000 with commitments of $250 million. Brazos has invested in a broad range of industries including consumer, food and beverage, business and financial services, healthcare, manufacturing / industrial and distribution. In an email, Mr. Salim said the firm didn't plan to raise another fund, but "we are fully engaged on a business-as-usual basis in evaluating investment opportunities, managing our portfolio and creating value for our investors. Salim wouldnt go into detail but said some partners are in talks to start up their own ventures or join new firms. Brazos Private Equity Partners LLC is a private investment firm that specializes in recapitalizations of family owned businesses, CEO led buy-and-build situations, non-core divestitures, and small cap take privates. Below is a brief overview of these investments. It is not clear why Brazos Private Equity has decided to wind down. Access to real-time, reference, and non-real time data in the cloud to power your enterprise. Heres an excerpt: Most funds take 12 years or more to fully liquidate. Patent activity related to artificial intelligence decreased by 43% in the power industry in Q3 2022, A tale of two COPs: Connecting climate and biodiversity, Floating wind: Time to turn expertise into action in deeper waters. We are their across the production floor partner delivering value through product and supply chain performance that lowers their total cost of production. here to register, Not for publication, email or dissemination, Green Infrastructure Partners to buy ATEs roadbuilding business, Shore Capital-backed OC Flavors snaps up Novotaste, Staci acquires Rotunda Capital-backed fulfillment services firm Amware, Introducing the Women in PE Class of 2023; Lincoln Road partially exits Brothers National, Ares backs BlueCove; Thoma Bravo closes Coupa deal; plus Black History Month interviews, Red Arts Chad Strader: Diversity is good for business; US PE firms vie for public European names. Click here. Another 25% make their first distributions by the 2.5-year mark, while 10% of funds need 3.5 years before wiring money back to their LPs. Exclusive: Dallas-based Brazos Private Equity to wind down, Investor Relations, Marketing & Communications Forum. NEW YORK, March 26 (peHUB) - Brazos Private Equity Partners, a Dallas buyout shop, will not be raising a new fund and will manage out the existing portfolio and wind down, according to Michael Salim, partner and general counsel. Many cases likely involve straggler investments and not the lions share of a funds portfolio, which may be sold off well within a 5 to 7-year time frame. https://www.wsj.com/articles/DJFLBO0020140326ea3qoxq54. Diamond WTG Engineering & Services and E.ON Energy Services were contracted to render operations & maintenance services for the project. Register now to read this article and more for free. Brazos Private Equity will focus on making platform and add-on investments with the remaining capital, he said. wa.src = 'https://d10lpsik1i8c69.cloudfront.net/w.js'; Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. Contact For additional information about ORS Nasco, please visit the firm's website atwww.orsnasco.com. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Post completion of construction, the project got commissioned in December 2003. Relations between the couple and the rest of the family have become strained since they stepped down from their royal duties in 2020, and moved to California to forge new lives and careers. -John Jenkins, DealLawyers.com October 30, 2019, Great. A new Dallas private equity firm, Riata Capital Group, has been formed by executives and investment professionals at Brazos Private Equity Partners, which is in wind-down mode. (function() { The firm has raised three funds since its inception: Along with the 2008 Fund III, Fund I is a 2000 vintage vehicle that raised $250 million; Fund II is a $400 million, 2005 vintage vehicle. The industry is veering toward long-dated funds, some expressly intended to take 20 years or more to liquidate. Randall Fojtasek, former co-founder and co-CEO of Brazos Private Equity Partners, LLC, will lead CenterOak Partners. NRG is headquartered in Princeton, New Jersey, the US. Fund III was generating an 11.6 percent net IRR and a 1.3x investment multiple as of June 30, 2013 for backer California Public Employees Retirement System. In light of this, GlobalData has identified which countries are expected to add the majority of wind power capacity out to 2030. Power industry news, data and in-depth articles on the global trends driving power generation, renewables and innovation. Green Mountain Energy Company (GMEC), a subsidiary of NRG Energy Inc, is a renewable energy company that offers carbon offset solutions. Cielo Wind Power LP (Cielo Wind) is a wind power project development company. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market. In March, peHub reported that Brazos Private Equity Partners would split and raise separate funds in an amicable departure of partners that also included Jeff Fronterhouse and Patrick McGee. It designs, develops, owns, and operates utility-grade wind power projects. Friday, May 20, 2022. Next Slideshows . This has largely been possible due to favourable government policies that have provided incentives to the sector. Click Please check your spam or junk folder just in case. The companys services include renewable energy resource assessment, site identification, energy output projections, environmental assessment, negotiating turnkey construction service contracts, and site design and site layout optimization services. Mr. Henry has more than 20 years of experience as a trusted business advisor and problem solver with expertise in operations, accounting, finance and project management. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Convene 117 West 46th Street, New York, Get limited access to our industry news, analysis and data, plus regular email updates. It offers its services to residential, business, institutional and governmental customers. Ex-Brazos senior executivesMichael Salim,Lucas Cutler,Jason Sutherland, andWilliam Henryare joining him. Please check your spam or junk folder just in case CenterOak Partners, LLC ("CenterOak" or the "Firm"), a Dallas-based private equity firm focused on making control-oriented investments in middle market companies, today formally announced its formation led by Randall Fojtasek, former Co-Founder and Co-Chief Executive Officer of Brazos Private Equity Partners, LLC ("Brazos"). Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector. 214-756-6509. The reality for "standard" funds is that many of them take almost as long to completely wind down. Contact: Mark Semer Kekst and Company (212). Only logged in subscribers of this site will be able to access the shared article. For additional information about Brazos, please visit the firm's website atwww.brazospartners.com. ", Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. By clicking the Download Free Report button, you accept the terms and conditions and acknowledge that your data will be used as described in the GlobalData privacy policy Brazos Private Equity Partners is a Dallas-based private equity investment firm that specializes in leveraged acquisitions and recapitalizations of high-potential businesses. Brazos focuses on investments in leading middle-market consumer, healthcare, commercial & indus Read More Contact Who is Brazos Private Equity Partners Headquarters A Greek passenger train collided head-on with a cargo train late on Tuesday, throwing entire carriages off the tracks and killing at least 36 people in the country's deadliest rail crash in living memory. That said, Salim said right now the priority is finishing the deployment of Fund III, the investment period of which ends in July. We have just sent you an email so you can verify your account. Golub Capital provided the financing to support the deal through a uni-tranche term loan facility and revolver. Salim declined to comment on their performance. Register now to read this article and more for free. The company also offers energy and specialty services. M&A activity related to environmental sustainability increased by 22% in the power industry in Q3 2022, Whos acquiring who? Brazos Private Equity Partners, a Dallas buyout shop, will not be raising a new fund and will manage out the existing portfolio and wind down, according to Michael Salim, partner and general counsel. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. Dividing that by the amount contributed by the New York pension fund$46.5 millionsuggests an investment multiple of around 0.8x. It all needs to add up: what makes a credible corporate climate pledge? You should only be asked to sign in once. The reality for standard funds is that many of them take almost as long to completely wind down. A re-enactment of the March First Independence Movement was held honoring the national holiday and 1919 demonstrations that called for independence from Japan. Brazos Private Equity Partners, a Dallas buyout shop, will not be raising a new fund and will manage out the existing portfolio and wind down, according to Michael Salim, partner and. Brazos Private Equity Partners, LLC operates as a private equity firm. It also says that capital calls are cyclical, while distributions tend to be counter-cyclical. Last week, Brazos announced the close of a dividend recapitalization of optometrist and dentist supplier Vision Source with financing from Golub Capital. Copyright 2019 BlackHawk Industrial / All rights reserved. Screen for heightened risk individuals and entities globally to help uncover hidden risks in business relationships and human networks, Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology, The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs, The industry leader for online information for tax, accounting and finance professionals, France's longest river dries up amid winter drought, Israelis launch 'Day of Disruption' against judicial overhaul, Harry and Meghan: Their life together in photos, In pictures: Two trains collide in Greece, Grim aftermath of deadly migrant shipwreck off Italy, Battle for Bakhmut: Scenes from the frontlines, Style and celebrities at Milan Fashion Week, South Korea marks anniversary of protest movement against Japanese colonial rule. It was a timely moment for the partners to pursue other business opportunities.. Not the case? All quotes delayed a minimum of 15 minutes. Margaret Dipp Highlights from the 75th Cannes Film Festival. A senior team from Brazos Private Equity Partners, a private equity firm that is winding down, today unveiled plans to set up a new firm targeting control investments of middle market companies. We have just sent you an email so you can verify your account. it's been delivered there. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Since 2002, Brazos has invested in three successful distribution companies. He said management fees wont change and will be necessary to pay the team to deploy Fund III and manage out the firms existing investments. Brazos seeks to partner with outstanding management teams and/or families of closely-held businesses to maximize value. Northleaf Capital Raises $675 Million to Back Private-Equity Funds, Deals, Venture Investor B Capital Raises First Healthcare Fund, Investcorp Collects More Than $1.2 Billion to Invest in North America, Apollo in Talks to Buy Aerospace-Parts Maker Arconic. Brazos has been one of the most active middle-market private equity investment firms over the past decade, having completed over 60 acquisitions. A link has been emailed to you - check your inbox. This copy is for your personal, non-commercial use only. Jeff Fronterhouse, co-chief executive of Brazos, and Barron Fletcher, managing partner of another Dallas-based firm, Parallel Investment Partners, will lead the newly launched 17-person firm, a Riata Capital spokesman told LBO Wire. At Brazos, Fojtasek managed $1.4 billion of private equity capital across three funds and oversaw the deployment of over $2.5 billion in transaction value. NXT Capital has announced it provided a $96 million senior secured credit facility to support the refinancing of BlackHawk Industrial, a portfolio company of the winding down Brazos Private Equity Partners.The transaction also included BlackHawk Industrial's acquisition of Packaging Incorporated, a distributor of packaging, fastening and strapping tools, machinery and consumables. The predecessor appears to have been in the red as of a year ago. Click here. Strategic Equipment and Supply Corporationis a leading national provider of foodservice equipment and supply solutions.