BRS Realizes Distribution through Recapitalization of Magpul
NEW YORK, September 28, 2012 -- Bruckmann, Rosser, Sherrill & Co. (“BRS”), a New York-based private equity firm, announced a distribution to its limited partners resulting from the recapitalization of Magpul Industries Corp. (“Magpul” or the “Company”). Magpul, based in Erie, Colorado, designs, assembles and markets a range of innovative, performance-driven accessories for firearms. Magpul is considered the premier brand and leading innovator within the modern sporting rifles accessories market. BRS made a significant investment in Magpul in September 2011.
“We are pleased to complete this recapitalization, which was facilitated by Magpul’s extraordinary performance over the past year” said Rashad Rahman, Principal of BRS. “We look forward to supporting the Company’s continued growth.”
SunTrust Bank, Regions Bank and Triangle Capital provided the financing necessary to complete the recapitalization.