BRS Completes Refinancing and Equity Investment in Airxcel, Inc.
NEW YORK, March 2, 2011 - Bruckmann, Rosser, Sherrill & Co. (BRS), a New York-based private equity firm, announced today that it has completed the refinancing of Airxcel, Inc. (“Airxcel” or the “Company”). In conjunction with the refinancing, BRS’s third institutional fund (“BRS Fund III”) also made an equity investment in the Company. The transaction closed on February 23, 2011. Airxcel, headquartered in Wichita, Kansas, is the leading designer, manufacturer and marketer of air conditioners, furnaces,...