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. Not the case? Facility Maintenance, Repair & Operations, Brazos Private Equity Partners and Bill Scheller seek to build a new industrial distribution platform. Dividing that by the amount contributed by the New York pension fund$46.5 millionsuggests an investment multiple of around 0.8x. The total value of New York State Common Retirement Funds investment in Fund II was $39.0 million as of March 31, 2013, according to the pension fund. 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 was sold in December 2007 to United Stationers (Nasdaq:USTR). This copy is for your personal, non-commercial use only. Brazos Private Equity Partners LLC. The project got commissioned in December 2003. Brazos has significant experience acquiring, growing and monetizing distribution businesses. T&D project contracts remain flat in July 2022. NRG sells energy, services and associated products and services to retail customers under the NRG, Reliant, Green Mountain Energy, Stream and XOOM Energy. 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. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market. 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. See here for a complete list of exchanges and delays. Register now to read this article and more for free. For additional information about ORS Nasco, please visit the firm's website atwww.orsnasco.com. Please check your spam or junk folder just in case For additional information about Brazos, please visit the firm's website atwww.brazospartners.com. 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. A link has been emailed to you - check your inbox. All quotes delayed a minimum of 15 minutes. 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 reality for standard funds is that many of them take almost as long to completely wind down. Brazos Private Equity Partners is a Dallas-based private equity firm that manages approximately $1.6 billion of equity capital. The industry is veering toward long-dated funds, some expressly intended to take 20 years or more to liquidate. Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. 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. ORS Nasco, Inc.is one of the largest, pure wholesale distributors of industrial supplies in North America. Exclusive: Dallas-based Brazos Private Equity to wind down, Emerging managers monitor: Tracking new fund formation, Investor Relations, Marketing & Communications Forum. This copy is for your personal, non-commercial use only. It all needs to add up: what makes a credible corporate climate pledge? Strategic Equipment and Supply Corporationis a leading national provider of foodservice equipment and supply solutions. https://www.wsj.com/articles/DJFLBO0020140326ea3qoxq54. The first Brazos fund closed in 2000 with commitments of $250 million. Green Mountain Energy Company (GMEC), a subsidiary of NRG Energy Inc, is a renewable energy company that offers carbon offset solutions. Brazos focuses on investments in leading middle-market consumer, healthcare, commercial & indus Read More Contact Who is Brazos Private Equity Partners Headquarters For additional information about Shelter Distribution, please visit the firm's website atwww.shelterdistribution.com. The project was developed by Cielo Wind Power, Green Mountain Energy, NRG Energy and Orion Energy Group. /marketintelligence/en/news-insights/latest-news-headlines/leveraged-loan-news/senior-team-from-brazos-forms-new-middle-market-pe-firm It carries out plant operations, commercial operations, EPC, asset management, energy services and other related critical functions. 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. Mitsubishi Heavy Industries was selected as the turbine supplier for the wind power project. Please check your spam or junk folder just in case. That apparently reflects the fact that post-recessionary funds are slower to invest & quicker to exit than their boom-era counterparts. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address. Randall Fojtasek, former co-founder and co-CEO of Brazos Private Equity Partners, LLC, will lead CenterOak Partners. 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. For additional information about. Well be together operating Brazos to the conclusion of portfolio company investment horizon(s), he said. Brazos seeks to partner with outstanding management teams and/or families of closely-held businesses to maximize value. 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. March 29-30, 2023 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". 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 . Market Intelligence 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 predecessor appears to have been in the red as of a year ago. ", Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. It offers its services to residential, business, institutional and governmental customers. Click here. It has its operations in the US and the UK. The company serves in regions of Illinois, Maryland, New Jersey, Massachusetts, New York, Pennsylvania and Texas. Private equity funds in Europe are usually considered to be ten-year funds. 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. Not the case? 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. Salim declined to comment on their performance. Brazos Wind Ranch is a 160MW onshore wind power project. Private equity activity related to environmental sustainability decreased by 7% in the power industry in Q3 2022, Whos innovating where? Cielo Wind in partnership with landowners, turbine manufacturers, communities, utility companies and investors, develops wind-power projects. Shareholders will maintain their existing ownership stake in Vision Source, which was established in 1991 and boasts a . Contact 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. Brazos has been one of the most active middle-market private equity investment firms over the past decade, having completed over 60 acquisitions. 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,. Brazos Private Equity will focus on making platform and add-on investments with the remaining capital, he said. Post completion of construction, the project got commissioned in December 2003. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. It designs, develops, owns, and operates utility-grade wind power projects. 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. 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. Brazos seeks to partner with outstanding management teams and/or families of closely-held businesses to maximize value. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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 wind power market has grown at a CAGR of 14% between 2010 and 2021 to reach 830 GW by end of 2021. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Dec 2 2020. A selection of some of our top photography from the month. Brazos has a long runway ahead of it. The project is co-owned by Mitsui and Royal Dutch Shell, with their respective ownership stake of 50% each. Click 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. NRG Energy Inc (NRG) is an integrated energy company. -John Jenkins, DealLawyers.com October 30, 2019, Great. A verification email is on its way to you. 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. The company also serves as operator and asset manager for projects across the world. Private equity activity related to environmental sustainability decreased by 7% in the power industry in Q3 2022; . Below is a brief overview of these investments. Industrial solutions for power generation, Scotlands hydrogen strategy: Building a green energy economy, Africas rapidly growing energy transition opportunity, One year on: How the Russian invasion of Ukraine has driven and damaged renewables, The EUs new climate policy will spark international cooperation on carbon pricing, UKAEA issues 3.1m of fusion contracts for commercial development, First Solar to supply solar modules to Lightsource BP in US, Engie selects Ecoppia to clean 181MWac solar project in Chile, Electric Process Heaters Help Decarbonise Petrochemical Refining, Whos acquiring who? 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. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Register now to read this article and more for free. He will lead the firm alongside former Brazos. 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. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. 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. It is located in Texas, the US. 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. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. A link has been emailed to you - check your inbox. Margaret Dipp It is not clear why Brazos Private Equity has decided to wind down. 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 Private Equity Partners, LLC operates as a private equity firm. Only logged in subscribers of this site will be able to access the shared article. Regions of Illinois, Maryland, New York, Pennsylvania and Texas check spam. Of foodservice Equipment and Supply solutions by the New York, Pennsylvania Texas. Them take almost as long to completely wind down Partners is a Private. It carries out plant operations, brazos Private equity investment firms over past. ; D project contracts remain flat in July 2022 add up: what a! S ), he said power project with landowners, turbine manufacturers, communities, companies! 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