brazos private equity wind down

Click here. OHara joined the Credit Suisse Customized Fund Investment Group (now owned by Grosvenor Capital Management). it's been delivered there. window.__lo_site_id = 177402; Brazos Co-Chief Executive Officer and Co-Founding Partner Randall S. Fojtasek said: ";We look forward to partnering once again with Bill Scheller. For Brazos, Mr. 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. 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. We distinguish ourselves as the #1 choice for industrial manufacturers who are in need of Technical Service and Production Savings. Cielo Wind Power LP (Cielo Wind) is a wind power project development company. Exclusive: Dallas-based Brazos Private Equity to wind down, Investor Relations, Marketing & Communications Forum. NRG Energy Inc (NRG) is an integrated energy company. In June, Brazos-backed wine distributor Winebow placed debt backing a merger with Vintner Group, a portfolio company of Brockway Moran & Partners. A selection of some of our top photography from the month. 214-756-6509. For additional information about ORS Nasco, please visit the firm's website atwww.orsnasco.com. Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface. Since 2002, Brazos has invested in three successful distribution companies. March 29-30, 2023 We remain good friends, and weve told ourselves that we want our process as we wind up the Brazos deployment cycle to be a model for how people do this, he said. The company serves in regions of Illinois, Maryland, New Jersey, Massachusetts, New York, Pennsylvania and Texas. Shareholders will maintain their existing ownership stake in Vision Source, which was established in 1991 and boasts a . Backstage and collection highlights at Milan Fashion Week. Please check your spam or junk folder just in case Dallas, Texas Brazos Private Equity Partners, LLC, a leading Dallas-based private investment firm, announced today that it will partner with Bill Scheller to build a new industrial distribution platform called BlackHawk Industrial Distribution, Inc. Mr. Scheller, a long-time industrial distribution executive and investor and former CEO and President of ORS Nasco, a Brazos portfolio company, will serve as President and CEO. For additional information about. CenterOak Partners, LLC ("CenterOak" or the "Firm"), 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"). 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. Convene 117 West 46th Street, New York, Get limited access to our industry news, analysis and data, plus regular email updates. MORE IN PICTURES. The company also serves as operator and asset manager for projects across the world. wa.src = 'https://d10lpsik1i8c69.cloudfront.net/w.js'; Post completion of construction, the project got commissioned in December 2003. https://www.wsj.com/articles/DJFLBO0020140326ea3qoxq54. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. As the cofounder and former co-CEO of Brazos Private Equity Partners, Fronterhouse led Brazos' 2011 investment in Vision Source through its sale to Essilor USA in late 2015. At Brazos, Fojtasek managed $1.4 billion of private equity capital across three funds and oversaw the deployment of over $2.5 billion in transaction value. You should only be asked to sign in once. Phone Number (214) 756-6500. Salim wouldnt go into detail but said some partners are in talks to start up their own ventures or join new firms. Over the past ten years, Brazos has compiled a strong track record of distribution investments that have created significant value for our investors. 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. The new firm plans to build a diversified portfolio of platform investments and invest $20-70 million of equity. All quotes delayed a minimum of 15 minutes. Dec 2 2020. Not the case? Dallas-based CenterOak Partners is targeting buyouts and recapitalizations in the U.S. industrial growth, consumer, and business services sectors, with a particular focus on southern and southwestern companies. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. A verification email is on its way to you. Cielo Wind is headquartered in Austin, Texas, the US. Market Intelligence The firm has raised three funds since its inception: Along with the 2008 Fund III, Fund I is a 2000 vintage vehicle that raised $250 million; Fund II is a $400 million, 2005 vintage vehicle. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. A 2008 vintage pool of $715 million, Fund III has about 20 percent of its capital left to deploy, Salim 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. Ex-Brazos senior executivesMichael Salim,Lucas Cutler,Jason Sutherland, andWilliam Henryare joining him. The New York pension fund has done far better in the debut fund, realizing an investment multiple of 1.8x on its $39.4 million investment as of the same date. It is not clear why Brazos Private Equity has decided to wind down. For additional information about Brazos, please visit the firm's website atwww.brazospartners.com. Below is a brief overview of these investments. The project is currently active. This copy is for your personal, non-commercial use only. Only logged in subscribers of this site will be able to access the shared article. See here for a complete list of exchanges and delays. Only logged in subscribers of this site will be able to access the shared article. OEG is headquartered in Oakland, California, the US. Not the case? It designs, develops, owns, and operates utility-grade wind power projects. 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. peHUB-Exclusive: Dallas-based Brazos Private Equity to wind down. The company was sold in December 2007 to United Stationers (Nasdaq:USTR). 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. Only logged in subscribers of this site will be able to access the shared article. Vision Source, a network of independent optometrists and dentists in the portfolio of Brazos Private Equity Partners, has completed a dividend recapitalization. The company offers comprehensive line of residential/commercial roofing products and accessories as well as insulation, siding, windows, doors and other building materials. The team page of the Brazos Private Equity website lists 15 people altogether. This copy is for your personal, non-commercial use only. The firm does not plan on seeking any fund or investment period extensions, Salim said. A link has been emailed to you - check your inbox. This has largely been possible due to favourable government policies that have provided incentives to the sector. ORS Nasco currently has a network of eight strategically placed distribution centers that provide overnight delivery access to approximately 80% of the industrial activity in the United States and the rest of the country within two days. It offers its services to residential, business, institutional and governmental customers. It also says that capital calls are cyclical, while distributions tend to be counter-cyclical. We have a portfolio to mine and harvest value. GMEC provides clean energy to retail customers through its retail electric service. It has its operations in the US and the UK. The company provides energy from wind and solar sources. Green Mountain Energy Company (GMEC), a subsidiary of NRG Energy Inc, is a renewable energy company that offers carbon offset solutions. Patent activity related to artificial intelligence decreased by 43% in the power industry in Q3 2022, A tale of two COPs: Connecting climate and biodiversity, Floating wind: Time to turn expertise into action in deeper waters. 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. Orion Energy Group LLC (OEG) is a renewable energy company that constructs, develops, operates, and finances wind power projects. Brazos has invested in a broad range of industries including consumer, food and beverage, business and financial services, healthcare, manufacturing / industrial and distribution. Brazos II closed in 2005 with commitments of $400 million. Copyright 2019 BlackHawk Industrial / All rights reserved. Brazos Wind Ranch is a 160MW onshore wind power project. 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. The project was developed by Cielo Wind Power, Green Mountain Energy, NRG Energy and Orion Energy Group. Dividing that by the amount contributed by the New York pension fund$46.5 millionsuggests an investment multiple of around 0.8x. Don't have an account? It was a timely moment for the partners to pursue other business opportunities.. And Russell Beard, a managing director, left the firm in 2012 after eight years. The industry is veering toward long-dated funds, some expressly intended to take 20 years or more to liquidate. Brazos Private Equity Partners, the Dallas firm behind such buyouts as Cheddar's Restaurants, will wind down after managing out the rest of its 2008 vintage fund, according to Chief Operating Officer Michael Salim. The documentation constituting the . NRG is headquartered in Princeton, New Jersey, the US. 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. Click here. Register now to read this article and more for free. Private equity activity related to environmental sustainability decreased by 7% in the power industry in Q3 2022, Whos innovating where? content Patrick OHara, who was managing director of investor relations, left the firm last year after only two years in the role. Margaret Dipp Shelter Distribution, Inc.is one of the largest wholesale distributors of roofing products and related accessories in the Midwest/Southwest U.S. Friday, May 20, 2022. If you would like to access this article you must become a Premium Subscriber. 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. 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. Next Slideshows . It is located in Texas, the US. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Facility Maintenance, Repair & Operations, Brazos Private Equity Partners and Bill Scheller seek to build a new industrial distribution platform. 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. 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. ", Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Brazos Private Equity Partners, a Dallas buyout shop, will not be raising a new fund and will manage out the existing portfolio and wind down, according to Michael Salim, partner and. It all needs to add up: what makes a credible corporate climate pledge? NRG Energy and TXU Energy Retail are the power offtakers from the project. All quotes delayed a minimum of 15 minutes. A new Dallas private equity firm, Riata Capital Group, has been formed by executives and investment professionals at Brazos Private Equity Partners, which is in wind-down mode. NXT Capital has announced it provided a $96 million senior secured credit facility to support the refinancing of BlackHawk Industrial, a portfolio company of the winding down Brazos Private Equity Partners.The transaction also included BlackHawk Industrial's acquisition of Packaging Incorporated, a distributor of packaging, fastening and strapping tools, machinery and consumables. Jeff Fronterhouse, co-chief executive of Brazos, and Barron Fletcher, managing partner of another Dallas-based firm, Parallel Investment Partners, will lead the newly launched 17-person firm, a Riata Capital spokesman told LBO Wire. Prior to Brinkmere, he served as a managing director of Brazos Private Equity Partners, LLC, a Dallas-based institutional private equity firm with approximately $1.4 billion of capital under management. Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. Exclusive: Dallas-based Brazos Private Equity to wind down, Emerging managers monitor: Tracking new fund formation, Investor Relations, Marketing & Communications Forum. The company also offers energy and specialty services. The sandbanks normally submerged below France's longest river by the beginning of spring have resurfaced early, as water levels have fallen lower than usual amid a record nationwide drought. You should only be asked to sign in once. Ohara, who was managing director of Investor Relations, Marketing & Communications Forum about Brazos, please visit firm! 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