BRS Realizes Distribution Through Recapitalization of Simpson Performance Products
September 11, 2017
NEW YORK, September 11, 2017 — Bruckmann, Rosser, Sherrill & Co. (“BRS”), a New York-based private equity firm, announced a distribution to its limited partners resulting from the recapitalization of Simpson Performance Products, Inc. (“Simpson” or the “Company”). Founded in 1959 and based in New Braunfels, TX, Simpson is the leading provider of critical motorsports safety equipment. Backed by best-in-class technical expertise, the Company has built a loyal following in the motorsports community among both professional and amateur drivers. BRS made the original investment in February 2015.
“We are pleased to complete this first distribution by Simpson to our investors which is supported by strong growth at the Company” said Tory Rooney, Managing Director of BRS. “We look forward to continuing our partnership with management.”
The Company’s existing lenders, Ares Capital Corporation and Fifth Third Bank, provided the financing necessary to complete the recapitalization.
BRS is a New York-based private equity firm with combined capital invested of over $1.2 billion across three investment partnerships, focused on investing in middle market consumer goods and services businesses. BRS seeks to partner with management while allowing them operational freedom with long-term equity incentives and support. Since 1996, BRS has purchased over 50 portfolio companies for aggregate consideration of over $6.9 billion. In addition, BRS portfolio companies have completed over 40 add-on acquisitions.
CONTACT: Carolyn Chen Warner – Bruckmann, Rosser, Sherrill & Co., 212-521-3705
E-MAIL: [email protected]