Market Data . The company was sold in December 2007 to United Stationers (Nasdaq:USTR). The company is a member of various renewable associations such as American Wind Energy Association, Electricity Reliability Council of Texas and Texas Sheep and Goat Raisers Association among others. MORE IN PICTURES. Last week, Brazos announced the close of a dividend recapitalization of optometrist and dentist supplier Vision Source with financing from Golub Capital. ", Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. peHUB-Exclusive: Dallas-based Brazos Private Equity to wind down. OHara joined the Credit Suisse Customized Fund Investment Group (now owned by Grosvenor Capital Management). Many cases likely involve straggler investments and not the lions share of a funds portfolio, which may be sold off well within a 5 to 7-year time frame. content Click here. Access to real-time, reference, and non-real time data in the cloud to power your enterprise. It has its operations in the US and the UK. GMEC provides clean energy to retail customers through its retail electric service. OEGs site selection services comprise proximity to transmission lines, state, local, and federal permitting requirements, specific terrain of the property, and environmental aspects of the site. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. It also provides construction management, project financing, operations and maintenance and asset management services. A selection of some of our top photography from the month. Over the past decade, since the firm's founding in 1999, Brazos has been one of the most active and successful private equity firms focused . Heres an excerpt: Most funds take 12 years or more to fully liquidate. Brazos has been one of the most active middle-market private equity investment firms over the past decade, having completed over 60 acquisitions. Winding up a private equity fund. Contact: Mark Semer Kekst and Company (212). Fund III was generating an 11.6 percent net IRR and a 1.3x investment multiple as of June 30, 2013 for backer California Public Employees Retirement System. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. The company supplies a comprehensive product portfolio of over 140,000 branded and private label products sourced from over 600 vendors to over 11,000 independent distributors in multiple sectors; including, industrial, janitorial/sanitation, MRO, safety, construction, electrical, rental, welding, and oilfield services. Exclusive: Dallas-based Brazos Private Equity to wind down. The Brazos Equity Fund III closed oversubscribed in September 2008 with capital commitments of over $700 million, targeting middle market companies with enterprise values of $50-400 million mainly in southwestern U.S. manufacturing, consumer, healthcare, distribution, and financial services companies. Brazos Private Equity Partners, LLC operates as a private equity firm. Cielo Wind in partnership with landowners, turbine manufacturers, communities, utility companies and investors, develops wind-power projects. Next Slideshows . it's been delivered there. Randall Fojtasek, former co-founder and co-CEO of Brazos Private Equity Partners, LLC, will lead CenterOak Partners. March 29-30, 2023 Convene, 117 W 46th St, New York, April 19-20, 2023 Convene, 117 W 46th St, New York, May 17-18, 2023 Hilton Tower Bridge, London, May 23-24, 2023 Convene 117 West 46th Street, New York, Get limited access to our industry news, analysis and data, plus regular email updates. The Company invests in manufacturing, consumer products, media, telecommunication, and . The company was sold in October 2005 to Beacon Roofing Supply (Nasdaq: BECN). Its natural as you get to the end of a deployment period, the partners ask themselves, Are we up for a new fundraising together? People are in different places in terms of their families, their business careers, and they want different things, Salim said. March 29-30, 2023 By downloading this Report, you acknowledge that we may share your information with our white paper partners/sponsors who may contact you directly with information on their products and services. It was a timely moment for the partners to pursue other business opportunities.. Prior to CenterOak, Mr. Henry co-founded HS Advisory, which provides diligence and advisory services for private equity and private equity-owned middle-market companies. Investors are told that this is the time frame within which the investment manager will source appropriate transactions, make the various investments and then effect realisations. Backstage and collection highlights at Milan Fashion Week. Please check your spam or junk folder just in case here to register, Not for publication, email or dissemination, Green Infrastructure Partners to buy ATEs roadbuilding business, Shore Capital-backed OC Flavors snaps up Novotaste, Staci acquires Rotunda Capital-backed fulfillment services firm Amware, Introducing the Women in PE Class of 2023; Lincoln Road partially exits Brothers National, Ares backs BlueCove; Thoma Bravo closes Coupa deal; plus Black History Month interviews, Red Arts Chad Strader: Diversity is good for business; US PE firms vie for public European names. This is further set to rise to 15% by 2030. Shelter Distribution, Inc.is one of the largest wholesale distributors of roofing products and related accessories in the Midwest/Southwest U.S. It is not clear why Brazos Private Equity has decided to wind down. The company produces electricity using coal, natural gas, nuclear, oil, biomass, wind and solar sources. We are their across the production floor partner delivering value through product and supply chain performance that lowers their total cost of production. Senior team from Brazos forms new middle market PE firm, Fed rally & default fears bring bifurcation back to leveraged loans, Loan Downgrades Are the Biggest Concern for the European CLO Market, Industry-Specific Losses Stand Out In Leveraged Loan Market As COVID-19, Oil Fears Globalize, Europes Leveraged Loan Issuers Draw on Revolving Credits to Preserve Liquidity. The reality for standard funds is that many of them take almost as long to completely wind down. esgSubNav, Discover more about S&P Globals offerings, Global Economies in Flux: Drive Decisions with the Purchasing Managers Index (PMI) Data, The Natural Language Processing (NLP) Revolution and ChatGPT: An Introduction to the field, our latest research, and how Kensho is empowering businesses to make the most of these technologies, 10:00 - 11:00 am EST | 4:00 - 5:00 pm CET, Long Beach Convention & Entertainment Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponents news, deals and financial reporting, regulatory body, associations, government planning reports and publications. CenterOak Partners, LLC, a Dallas-based private equity firm focused on making control-oriented investments in middle-market companies, today formally announced its formation led by Randall Fojtasek, former Co-Founder and Co-Chief Executive Officer of Brazos Private Equity Partners, LLC ("Brazos"). By clicking the Download Free Report button, you accept the terms and conditions and acknowledge that your data will be used as described in the GlobalData privacy policy Well be together operating Brazos to the conclusion of portfolio company investment horizon(s), he said. A senior team from Brazos Private Equity Partners, a private equity firm that is winding down, today unveiled plans to set up a new firm targeting control investments of middle market companies. Visit our privacy policy for more information about our services, how we may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Prior . This copy is for your personal, non-commercial use only. Proxy Disclosure & 20th Annual Executive Compensation Conferences, Cross-Border: Key Trends Driving Global M&A, SPACs Seek Relief for Defective de-SPAC Charter Amendments, Antitrust: The FTC Wants More Time for Merger Reviews, 8911 N Capital of TX Hwy, Suite 4200-110, Austin, TX 78759. In an email, Mr. Salim said the firm didn't plan to raise another fund, but "we are fully engaged on a business-as-usual basis in evaluating investment opportunities, managing our portfolio and creating value for our investors. The firm has not had a ton of high level turnover. Brazos has been one of the most active middle-market private equity investment firms over the past decade, having completed 54 acquisitions, including 20 platform investments. In time, partners may choose to extend their careers in different directions.. Brazos has significant experience acquiring, growing and monetizing distribution businesses. Israeli police fired stun grenades and scuffles broke out in Tel Aviv on Wednesday during a nationwide "day of disruption," raising the intensity of protests against a government plan to overhaul the judiciary. Here's an excerpt: Most funds take 12 years or more to fully liquidate. T&D project contracts remain flat in July 2022. At least one partner will launch a new, separate fund this year, but will split time between Brazos Private Equity and the new venture, he said. One of Pitchbooks conclusions is that better GPs often have quicker than average exits since these folks make good investments in the first place, its easier for them to exit quickly. Patrick OHara, who was managing director of investor relations, left the firm last year after only two years in the role. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address. Don't have an account? Not the case? Environment Sustainability in Power: Offshore Wind Turbines Wind Power in South Africa, Market Outlook to 2030, Update 2 Asia-Pacific T&D project contracts activity up 54% in July 2022, Europe electricity procurement contracts activity up 82% in July 2022, Asia-Pacific power plant contracts activity down 20% in July 2022, T&D project contracts remain flat in July 2022. Mr. Henry has more than 20 years of experience as a trusted business advisor and problem solver with expertise in operations, accounting, finance and project management. During his tenure at Brazos, Mr. Askew was instrumental in organizing and executing investments in the consumer, healthcare, business services, and industrial sectors. https://www.wsj.com/articles/DJFLBO0020140326ea3qoxq54. The company offers comprehensive line of residential/commercial roofing products and accessories as well as insulation, siding, windows, doors and other building materials.

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