BRS Announces Acquisition of Royal Robbins, Inc
NEW YORK, NY - December 31, 2012 - Bruckmann, Rosser, Sherrill & Co. (BRS), a New York-based private equity firm, announced today that it has acquired Royal Robbins, Inc. from Kellwood Company, a Sun Capital portfolio company. Bob Orlando, President and CEO of Royal Robbins, said, “We chose to partner with BRS because of their deep experience in the outdoor sector and ability to provide valuable strategic guidance.” He continued, “We also recognized that BRS truly...
BRS Realizes Distribution through Recapitalization of Airxcel
NEW YORK, December 21, 2012 -- Bruckmann, Rosser, Sherrill & Co. (“BRS”), a New York-based private equity firm, announces a distribution to its limited partners resulting from the recapitalization of Airxcel (“Airxcel” or the “Company”). Airxcel, based in Wichita, Kansas, is a leading manufacturer of climate control solutions for the recreational vehicle industry. In addition, the Company is a leading supplier of wall-mounted air-conditioning systems for telecommunications shelters and self-contained school classrooms. BRS acquired Airxcel...
BRS Realizes Distribution through Recapitalization of DTLR
NEW YORK, December 18, 2012 -- 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 84 stores in six regions: Atlanta, Baltimore, Chicago, the Carolinas, Virginia and Washington, D.C. DTLR is committed to the urban lifestyle and...
Not Your Average Joe’s and BRS Complete Growth Investment
MIDDLEBOROUGH, MA and NEW YORK, NY, November 8, 2012 - Not Your Average Joe’s, Inc. (“NYAJ”) and Bruckmann, Rosser, Sherrill & Co. (“BRS”) announced today the completion of a growth investment in NYAJ through the issuance of convertible preferred stock. BRS led the round and existing shareholders also participated. The new capital will be used to support accelerated new unit development. Steve Silverstein, NYAJ founder and CEO, said, “We are thrilled to add BRS as a...
Airxcel Completes Acquisition of Maxxair Vent Corporation
WICHITA, KANSAS - October 3, 2012 - Airxcel, Inc., a portfolio company of Bruckmann, Rosser, Sherrill & Co. ("BRS"), today announced that it has completed the acquisition of Maxxair Vent Corporation. Founded in 1989 by Allen Thomas, Maxxair is the leading supplier of ventilation solutions to the recreational vehicle aftermarket. The company’s flagship product, the Maxxair louvered vent cap cover, has sold over 2 million units since its introduction to the marketplace. “Airxcel is delighted to have...
Bruckmann, Rosser, Sherrill & Co. and GB Merchant Partners Complete Sale of Things Remembered Inc. to Madison Dearborn Partners
NEW YORK and CHICAGO -- May 24, 2012 -- Bruckmann, Rosser, Sherrill & Co. (BRS) and GB Merchant Partners (GBMP), two private equity firms with extensive experience in the retail sector, announced today that they have completed the sale of Things Remembered Inc. for $295 million to Madison Dearborn Partners, a private equity firm with expertise in consumer focused companies. Things Remembered is a specialty retailer that sells personalized gifts for all occasions through its...
BRS Successfully Exits Investment in Ruth’s Hospitality Group
NEW YORK, March 9, 2012 -- Bruckmann, Rosser, Sherrill & Co. (“BRS”), a New York-based private equity firm, announced today the successful sale of its convertible preferred stock investment in Ruth’s Hospitality Group, Inc. (Nasdaq: RUTH) (“Ruth’s Hospitality” or the “Company”). Ruth’s Hospitality repurchased the convertible preferred stock in a transaction valued at $60.2 million. BRS realized a gross multiple of invested capital of approximately 2.6x and a gross internal rate of return of 60%...
BRS Realizes Distribution through Recapitalization of DTLR
NEW YORK, December 5, 2011 -- 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 78 stores in six regions: Atlanta, Baltimore, Chicago, the Carolinas, Virginia and Washington, D.C. DTLR is committed to the urban lifestyle and...
BRS Announces Two Successful Realizations: Sale of Stake in Heritage Crystal-Clean and Distribution from Recapitalization of totes»Isotoner
NEW YORK, July 14, 2011 -- Bruckmann, Rosser, Sherrill & Co. (“BRS”), a New York-based private equity firm, is pleased to announce the sale of its remaining stake in Heritage Crystal-Clean, Inc. (“HCCI”). BRS also announces an additional distribution to its investors as a result of the successful recapitalization of its portfolio company totes»Isotoner (“Totes”). HCCI is a parts cleaning and waste services company servicing the automotive repair, commercial and industrial marketplaces. BRS acquired a significant...