Baylor Banks

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.

Century Resources acquired The Funding Tree, a Dallas-based distributor of fundraising programs to music, cheer and other student groups in the secondary school market.

Brighton completed a platform investment in PSA Worldwide, a leading distributor of health and wellness educational and promotional products.

Brighton completed a platform investment in Century Resources, a leading provider of catalog-based school fundraising programs.

Brighton provided equity in support of Premier Performance’s acquisition of Rally Sport Direct, an on-line retailer and wholesale distributor of aftermarket performance parts for Subaru and other sport compact vehicles.

Brighton sold control of Premier Performance in a recapitalization transaction led by Capital Partners. Brighton continues to own a significant minority equity position in the business.

Working closely with management, Brighton recruited Matt Jordan to become the new CEO of Premier Performance. Rus Michaelson, Premier’s founder, will continue as Chairman. Matt came to Premier from Eckler’s Automotive, a leading retailer and wholesaler of automotive aftermarket restoration parts.

Along with management, Brighton purchased an outstanding warrant position in Lawn Dawg from Tenth Street Capital.

Brighton arranged a new senior credit facility with Fifth Third Bank for Lawn Dawg and repaid in full a mezzanine note due to Tenth Street Capital.

Premier Performance acquired Northridge 4×4, a leading distributor of aftermarket performance parts and accessories for Jeeps and off-road vehicles.