BRS Realizes Distribution through Recapitalization of DTLR

NEW YORK, October 26, 2015 -- Bruckmann, Rosser, Sherrill & Co. ("BRS"), a New York-based private equity firm, announces a distribution to its limited partners resulting from the recapitalization of DTLR ("DTLR" or the "Company"). DTLR, based in Hanover, Maryland, is a leading specialty retailer targeting the young urban male. The Company operates 101 stores in eight regions: Atlanta, Baltimore, Chicago, the Carolinas, New York/New Jersey, Northern Florida, Virginia and Washington, D.C. DTLR is committed to the urban lifestyle and offers its customers the hottest urban footwear, apparel and accessories. BRS acquired DTLR in partnership with management in October 2005.

"We are pleased to complete the fourth distribution to our investors by DTLR" said Rashad Rahman, Managing Director of BRS. "This recapitalization also provides increased flexibility for the Company's growth plans. We look forward to continuing our partnership with management."

Golub Capital and M&T Bank provided the financing necessary to complete the recapitalization.

About BRS (www.brs.com)

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 private equity business at Citicorp Venture Capital where they closed 25 transactions with aggregate transaction values totaling $5.8 billion.