BRS Realizes Distribution through Recapitalization of Magpul
NEW YORK, July 23, 2013 -- Bruckmann, Rosser, Sherrill & Co. (“BRS”), a New York-based private equity firm, announces 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 happy to announce a second distribution to our investors less than two years after our investment in Magpul” said Rashad Rahman, Principal of BRS. “In addition, this recapitalization provides Magpul with increased flexibility to continue its exceptional growth.”
SunTrust Bank and Regions Bank provided the financing necessary to complete the recapitalization.