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. Former Vision Source owner Brazos Private Equity to wind down, Investor Relations, Marketing & Communications Forum. For additional information about ORS Nasco, please visit the firm's website atwww.orsnasco.com. A 2008 vintage pool of $715 million, Fund III has about 20 percent of its capital left to deploy, Salim said. . All quotes delayed a minimum of 15 minutes. wa.src = 'https://d10lpsik1i8c69.cloudfront.net/w.js'; Italian authorities arrested three people and were looking for a fourth suspect who they believe trafficked up to 200 migrants aboard a wooden boat that smashed apart on rocks off southern Italy on Sunday, killing at least 65 people. Theyre still going to manage the portfolio companies at Brazos through the entire lifecycle, said Megan Griffin at BackBay Communications. Not surprisingly, the article also says that smaller funds are quicker to liquidate much more quickly than larger funds. 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. We distinguish ourselves as the #1 choice for industrial manufacturers who are in need of Technical Service and Production Savings. 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. Click here. This copy is for your personal, non-commercial use only. It also says that capital calls are cyclical, while distributions tend to be counter-cyclical. 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. Market Intelligence Green Mountain Energy Company (GMEC), a subsidiary of NRG Energy Inc, is a renewable energy company that offers carbon offset solutions. It generates and supplies electricity. Brazos Wind Ranch is a 160MW onshore wind power project. The companys services include renewable energy resource assessment, site identification, energy output projections, environmental assessment, negotiating turnkey construction service contracts, and site design and site layout optimization services. The project is currently active. Only logged in subscribers of this site will be able to access the shared article. And Russell Beard, a managing director, left the firm in 2012 after eight years. A verification email is on its way to you. content The first Brazos fund closed in 2000 with commitments of $250 million. Relations between the couple and the rest of the family have become strained since they stepped down from their royal duties in 2020, and moved to California to forge new lives and careers. Brazos Private Equity Partners is a Dallas-based private equity firm that manages approximately $1.6 billion of equity capital. A selection of some of our top photography from the month. It also provides construction management, project financing, operations and maintenance and asset management services. Brazos Private Equity Partners LLC is a private investment firm that specializes in recapitalizations of family owned businesses, CEO led buy-and-build situations, non-core divestitures, and small cap take privates. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. The wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. It was a timely moment for the partners to pursue other business opportunities.. 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. NRG owns power generation plants and operates facilities for third parties. The project is currently active. 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. A link has been emailed to you - check your inbox. A link has been emailed to you - check your inbox. The company was sold in October 2005 to Beacon Roofing Supply (Nasdaq: BECN). It all needs to add up: what makes a credible corporate climate pledge? For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. He will lead the firm alongside former Brazos. Friday, May 20, 2022. The predecessor appears to have been in the red as of a year ago. Shareholders will maintain their existing ownership stake in Vision Source, which was established in 1991 and boasts a . 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. Vision Source, a network of independent optometrists and dentists in the portfolio of Brazos Private Equity Partners, has completed a dividend recapitalization. Dividing that by the amount contributed by the New York pension fund$46.5 millionsuggests an investment multiple of around 0.8x. A re-enactment of the March First Independence Movement was held honoring the national holiday and 1919 demonstrations that called for independence from Japan. That said, Salim said right now the priority is finishing the deployment of Fund III, the investment period of which ends in July. 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. 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. OEG is headquartered in Oakland, California, the US. Texas-based buyout house Brazos Private Equity Partners is reportedly set to wind down after revealing it will not raise Sorry, you need to subscribe to read this article. Shelter Distribution, Inc.is one of the largest wholesale distributors of roofing products and related accessories in the Midwest/Southwest U.S. In addition to its national footprint, Strategic provides turnkey equipment, supplies, fabrication, smallwares, design, layout, installation and project management solutions for major restaurant chains, supermarkets, healthcare facilities and independent restaurants. 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. })(); Most limited partners are well aware that PE funds are quick to make capital calls, but much slower to pull the trigger on distributions. Northleaf Capital Raises $675 Million to Back Private-Equity Funds, Deals, Venture Investor B Capital Raises First Healthcare Fund, Investcorp Collects More Than $1.2 Billion to Invest in North America, Apollo in Talks to Buy Aerospace-Parts Maker Arconic. See here for a complete list of exchanges and delays. Brazos Private Equity Partners is a Dallas-based private equity firm that manages approximately $1.6 billion of equity capital. Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. Enter your email address and gain instant access to this article. 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. OHara joined the Credit Suisse Customized Fund Investment Group (now owned by Grosvenor Capital Management). All quotes delayed a minimum of 15 minutes. In March, peHub reported that Brazos Private Equity Partners would split and raise separate funds in an amicable departure of partners that also included Jeff Fronterhouse and Patrick McGee. Brazos Private Equity 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. (function() { We have a portfolio to mine and harvest value. var wa = document.createElement('script'); wa.type = 'text/javascript'; wa.async = true; All power projects included in this report are drawn from GlobalDatas Power Intelligence Center. Margaret Dipp it's been delivered there. We are their across the production floor partner delivering value through product and supply chain performance that lowers their total cost of production. it's been delivered there. NEW YORK, March 26 (peHUB) - 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. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector. Prior to RCG, he was a senior investment professional at Brazos Private Equity Partners and served as a Managing Director and led the business development activities of the firm. Please check your spam or junk folder just in case Brazos Private Equity Is Winding Down By Hillary Canada March 26, 2014 8:43 pm ET Text Brazos Private Equity Partners, the Dallas firm behind such buyouts as Cheddar's Restaurants,. However, the recent commodity price increase has hit the sector hard, increasing risks for wind turbine manufacturers and project developers, and the Russia-Ukraine crisis has caused further price increase and supply chain disruption. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Formed in early 2000 through the consolidation of six independent foodservice equipment and supply solution companies, Strategic Equipment and Supply has been instrumental in opening more than 10,000 restaurants, as well as 1,000 non-restaurant foodservice facilities. Another 25% make their first distributions by the 2.5-year mark, while 10% of funds need 3.5 years before wiring money back to their LPs. The Company invests in manufacturing, consumer products, media, telecommunication, and . 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. 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. Click 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. It is located in Texas, the US. Here's an excerpt: Most funds take 12 years or more to fully liquidate. The reality for "standard" funds is that many of them take almost as long to completely wind down. NRG is headquartered in Princeton, New Jersey, the US. NRG Energy and TXU Energy Retail are the power offtakers from the project. For additional information about Brazos, please visit the firm's website atwww.brazospartners.com. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Brazos has significant experience acquiring, growing and monetizing distribution businesses. For additional information, please visit the firm's website atwww.strategicequipment.com. Mar 27, 2014 * Vintage 2008 fund was $715 mln . Insight. 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. Register now to read this article and more for free. We have just sent you an email so you can verify your account. 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. 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. Below is a brief overview of these investments. Cielo Wind Power LP (Cielo Wind) is a wind power project development company. The industry is veering toward long-dated funds, some expressly intended to take 20 years or more to liquidate. Please check your spam or junk folder just in case . Well be together operating Brazos to the conclusion of portfolio company investment horizon(s), he said. Private equity funds in Europe are usually considered to be ten-year funds. Brazos II closed in 2005 with commitments of $400 million. Over the past ten years, Brazos has compiled a strong track record of distribution investments that have created significant value for our investors. NRG Energy Inc (NRG) is an integrated energy company. 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. 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. The project is co-owned by Mitsui and Royal Dutch Shell, with their respective ownership stake of 50% each. Brazos seeks to partner with outstanding management teams and/or families of closely-held businesses to maximize value. 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. The company offers comprehensive line of residential/commercial roofing products and accessories as well as insulation, siding, windows, doors and other building materials. Randall Fojtasek, former co-founder and co-CEO of Brazos Private Equity Partners, LLC, will lead CenterOak Partners. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market. Russian forces press their weeks-long drive to encircle and capture the eastern Ukrainian city of Bakhmut where the commander of Ukraine's ground forces described the situation as "extremely tense". In June, Brazos-backed wine distributor Winebow placed debt backing a merger with Vintner Group, a portfolio company of Brockway Moran & Partners. Copyright 2019 BlackHawk Industrial / All rights reserved. NEW YORK, March 26 (peHUB) - 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 general counsel. For Brazos, Mr. 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. 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. Dec 2 2020. Convene, 117 W 46th St, New York, May 23-24, 2023 Brazos Private Equity will focus on making platform and add-on investments with the remaining capital, he said. After sign up, well get in touch to help you find the resources that will benefit you the most. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Asia-Pacific power plant contracts activity down 20% in July 2022. 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. Shelter Distribution focuses primarily on retrofit and residential markets. The documentation constituting the . 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. Founded in 2002 through a spin out of a portfolio of private equity investments from Deutsche Bank, Colonnade acts as a GP of funds, and a replacement GP or Co-GP on third party originated private . Brazos has a long runway ahead of it. 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 partnersRandall Fojtasek, Jeff Fronterhouse, Patrick McGee and Salimstill have an amicable relationship, Salim said. Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. 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. This copy is for your personal, non-commercial use only. It has its operations in the US and the UK. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. See here for a complete list of exchanges and delays. 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. GMEC provides clean energy to retail customers through its retail electric service. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. 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 . Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface. 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. Salim declined to comment on their performance. Private equity activity related to environmental sustainability decreased by 7% in the power industry in Q3 2022; . It has been developed in single phase. peHUB-Exclusive: Dallas-based Brazos Private Equity to wind down. Brazos has been one of the most active middle-market private equity investment firms over the past decade, having completed over 60 acquisitions. Its operations in the portfolio companies at Brazos through the entire lifecycle, said Griffin! 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