Brighton completed a platform investment in Colorado Industrial Packaging (“CIP”). CIP designs, manufactures and distributes engineered packaging solutions. The Company serves a diverse base of customers located throughout the U.S. from facilities in Colorado Springs and Denver. The CIP transaction represents the first institutional capital invested in the business. Brighton Partners will work closely with management to invest in systems, people and infrastructure, all in support of accelerated growth.
Read’s Uniforms acquired the assets of Lejoy Uniforms, a distributor of uniforms to hospitals and physician offices in the Birmingham, AL area.
Read’s Uniforms acquired the assets of Jean’s Uniforms, a distributor of uniforms to hospitals and physician offices in the Spartanburg, SC area.
Brighton sold a portion of its investment in Aftermarket Performance Group in a recapitalization transaction led by Ripple Industries. Brighton continues to own a significant minority equity position in the business.
US Tarp closed a new senior credit facility, including a term note and line of credit, with Citizens Bank.
Read’s Uniforms acquired the assets of Carolina Uniforms & Equipment, a distributor of uniforms to police, fire, EMS and sheriff’s departments in the greater Charlotte, NC area.
Brighton completed a platform investment in Read’s Uniforms, a distributor of uniforms to the public safety, healthcare, industrial, hospitality and education end markets. With headquarters in Asheville, NC, the Company operates 10 retail locations in small markets located throughout the Southeast. An online portal, mobile store and team of field sales reps round out the “omnichannel” distribution platform. The Read’s Uniforms acquisition was completed in September of 2020 and represents the first institutional capital in the business. The (continuing) owner/operators have an impressive track record of acquiring smaller competitors – Brighton plans to help them accelerate this growth strategy while continuing to build out the sales team and refine the Company’s e-commerce channel.
Brighton completed a platform investment in Crew One Productions, a provider of skilled temporary labor for concerts, music festivals and other large events. The Company services venues, event promoters, and corporate customers in the Atlanta, Chattanooga, Memphis and Nashville markets. Crew One provides staffing services to music festivals located throughout the United States.
TruGreen, the nation’s largest lawn care company, has purchased the assets of Lawn Dawg, Inc.
Brighton Partners, an Atlanta-based private equity firm, announces the closing of its first dedicated investment fund. Brighton Micro-Cap Fund, L.P. is a $25 million fund formed to make control equity investments in companies with $10 to $50 million of revenue and less than $5 million of EBITDA. The marketing process for this first fund took approximately two months, from start to finish, with the initial closing taking place on May 8, 2017. In addition to the principals of Brighton Partners, investors in the fund include individuals with private equity experience and founders of Brighton portfolio companies. There are no institutional limited partners in the fund.