BRS Completes Sale of Penhall International to Code Hennessy & Simmons LLC
NEW YORK, July 28, 2006 - Bruckmann, Rosser, Sherrill & Co. (“BRS”) today announced the completion of the sale of portfolio company Penhall International (“Penhall”) to Code Hennessy & Simmons LLC for approximately $240 million. Deutsche Bank A.G. served as financial advisor to Penhall on the transaction. Penhall, based in Anaheim, California, is the leading provider of concrete cutting, concrete breaking and highway grinding services in the United States. Penhall’s diversified base of over 15,000 customers...