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.

About BRS
BRS is a New York based private equity firm with $1.4 billion of committed capital under management in three investment partnerships, focused on investing in middle market consumer goods and services businesses. Since 1996, BRS has purchased over 40 portfolio companies for aggregate consideration of over $6.4 billion. In addition, BRS portfolio companies have completed approximately $1.9 billion of add-on acquisitions. Prior to forming the firm, the founders of BRS were in the financial acquisition business at Citicorp Venture Capital where they closed 25 transactions with aggregate transaction values totaling $5.8 billion.

Contact:
For BRS:
Mark Semer or Ruth Pachman
212-521-4800