For additional information, please visit the firm's website atwww.strategicequipment.com. here to register, Not for publication, email or dissemination, Green Infrastructure Partners to buy ATEs roadbuilding business, Shore Capital-backed OC Flavors snaps up Novotaste, Staci acquires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. Don't have an account? 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? 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. Brazos II closed in 2005 with commitments of $400 million. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. 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. Many cases likely involve straggler investments and not . If you would like to access this article you must become a Premium Subscriber. Theyre still going to manage the portfolio companies at Brazos through the entire lifecycle, said Megan Griffin at BackBay Communications. Mar 27, 2014 * Vintage 2008 fund was $715 mln . Margaret Dipp
The company was sold in December 2007 to United Stationers (Nasdaq:USTR). Patrick OHara, who was managing director of investor relations, left the firm last year after only two years in the role. It is located in Texas, the US. 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. Contact
Not the case? Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. It has been developed in single phase. Brazos Wind Ranch is a 160MW onshore wind power project. Power industry news, data and in-depth articles on the global trends driving power generation, renewables and innovation. 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". A link has been emailed to you - check your inbox. 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. Over the past ten years, Brazos has compiled a strong track record of distribution investments that have created significant value for our investors. 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. Market Intelligence Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Click here. This copy is for your personal, non-commercial use only. The company provides energy from wind and solar sources. Don't have an account? 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. Brazos focuses on investments in leading middle-market consumer, healthcare, commercial & indus Read More Contact Who is Brazos Private Equity Partners Headquarters By clicking the Download Free Report button, you accept the terms and conditions and acknowledge that your data will be used as described in the GlobalData privacy policy Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. Vision Source, a network of independent optometrists and dentists in the portfolio of Brazos Private Equity Partners, has completed a dividend recapitalization. The company was sold in October 2005 to Beacon Roofing Supply (Nasdaq: BECN). 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. At least one partner will launch a new, separate fund this year, but will split time between Brazos Private Equity and the new venture, he said. Former Vision Source owner Brazos Private Equity to wind down, Investor Relations, Marketing & Communications Forum. A 2008 vintage pool of $715 million, Fund III has about 20 percent of its capital left to deploy, Salim said. NRG owns power generation plants and operates facilities for third parties. Register now to read this article and more for free. That apparently reflects the fact that post-recessionary funds are slower to invest & quicker to exit than their boom-era counterparts. 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. Contact: Mark Semer Kekst and Company (212). Salim declined to comment on their performance. Market Data . In fact, our data shows some sunny results, with about half of all PE funds making their first distributions by the 1.5-year mark. Dec 2 2020. Brazos Private Equity Partners is a Dallas-based private equity firm that has managed investment funds with approximately $1.4 billion of equity capital since inception. The documentation constituting the . The project is co-owned by Mitsui and Royal Dutch Shell, with their respective ownership stake of 50% each. NRG sells energy, services and associated products and services to retail customers under the NRG, Reliant, Green Mountain Energy, Stream and XOOM Energy. Private equity activity related to environmental sustainability decreased by 7% in the power industry in Q3 2022, Whos innovating where? 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. Click here. Backstage and collection highlights at Milan Fashion Week. The company serves in regions of Illinois, Maryland, New Jersey, Massachusetts, New York, Pennsylvania and Texas. The team page of the Brazos Private Equity website lists 15 people altogether. Brazos has a long runway ahead of it. Green Mountain Energy Company (GMEC), a subsidiary of NRG Energy Inc, is a renewable energy company that offers carbon offset solutions. The project was developed by Cielo Wind Power, Green Mountain Energy, NRG Energy and Orion Energy Group. Well be together operating Brazos to the conclusion of portfolio company investment horizon(s), he said. Cielo Wind Power LP (Cielo Wind) is a wind power project development company. Golub Capital provided the financing to support the deal through a uni-tranche term loan facility and revolver. 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. 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 . We have just sent you an email so you can verify your account. Only logged in subscribers of this site will be able to access the shared article. . ORS Nasco, Inc.is one of the largest, pure wholesale distributors of industrial supplies in North America. A link has been emailed to you - check your inbox. Mitsubishi Heavy Industries was selected as the turbine supplier for the wind power project. In June, Brazos-backed wine distributor Winebow placed debt backing a merger with Vintner Group, a portfolio company of Brockway Moran & Partners. 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. Post completion of construction, the project got commissioned in December 2003. OHara joined the Credit Suisse Customized Fund Investment Group (now owned by Grosvenor Capital Management). It designs, develops, owns, and operates utility-grade wind power projects. It generates and supplies electricity. The company offers comprehensive line of residential/commercial roofing products and accessories as well as insulation, siding, windows, doors and other building materials. It also offers carbon offset programs. Brazos has been one of the most active middle-market private equity investment firms over the past decade, having completed over 60 acquisitions. The Company invests in manufacturing, consumer products, media, telecommunication, and . It is not clear why Brazos Private Equity has decided to wind down. This copy is for your personal, non-commercial use only. 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. Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface. The new firm plans to build a diversified portfolio of platform investments and invest $20-70 million of equity. The company provides a wide range of services that include engineering, construction, operations and maintenance, land procurement, meteorology, and field services. Please check your spam or junk folder just in case It carries out plant operations, commercial operations, EPC, asset management, energy services and other related critical functions. A limited partner told peHUB that the team was splitting and raising separate funds. Winding up a private equity fund. Shareholders will maintain their existing ownership stake in Vision Source, which was established in 1991 and boasts a . The company provides energy and related services to residential, industrial and commercial consumers at fixed, indexed or variable prices. 214-756-6509. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. -John Jenkins, DealLawyers.com October 30, 2019, Great. Insight. Strategic Equipment and Supply Corporationis a leading national provider of foodservice equipment and supply solutions. Next Slideshows . 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. 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. NRG is headquartered in Princeton, New Jersey, the US. The company provided 160 units of MWT62/1.0 (MWT-1000A) turbines, each with 1MW nameplate capacity. It is located in Texas, the US. 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. It has its operations in the US and the UK. 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"). ", About Brazos Private Equity Partners, LLC. Brazos Wind Ranch is a 160MW onshore wind power project. All power projects included in this report are drawn from GlobalDatas Power Intelligence Center. You should only be asked to sign in once. Ex-Brazos senior executivesMichael Salim,Lucas Cutler,Jason Sutherland, andWilliam Henryare joining him. The partnersRandall Fojtasek, Jeff Fronterhouse, Patrick McGee and Salimstill have an amicable relationship, Salim said. Brazos Private Equity
Don't have an account? The reality for "standard" funds is that many of them take almost as long to completely wind down. 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. NRG Energy Inc (NRG) is an integrated energy company. peHUB-Exclusive: Dallas-based Brazos Private Equity to wind down. For Brazos, Mr. In time, partners may choose to extend their careers in different directions.. BlackHawk is currently looking for U.S.-based distributors participating in the $400+ billion industrial distribution end market. A selection of some of our top photography from the month. Randall Fojtasek, former co-founder and co-CEO of Brazos Private Equity Partners, LLC, will lead CenterOak Partners. For additional information about. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address. Brazos Private Equity Partners is a Dallas-based private equity firm that manages approximately $1.6 billion of equity capital. 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. Brazos Private Equity Partners is a Dallas-based private equity investment firm that specializes in leveraged acquisitions and recapitalizations of high-potential businesses. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Access to real-time, reference, and non-real time data in the cloud to power your enterprise. Only logged in subscribers of this site will be able to access the shared article. The company produces electricity using coal, natural gas, nuclear, oil, biomass, wind and solar sources. 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. Phone Number (214) 756-6500. We are their across the production floor partner delivering value through product and supply chain performance that lowers their total cost of production. The . All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. var wa = document.createElement('script'); wa.type = 'text/javascript'; wa.async = true; . 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. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Facility Maintenance, Repair & Operations, Brazos Private Equity Partners and Bill Scheller seek to build a new industrial distribution platform. Click 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. The project is currently active. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market. To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.djreprints.com. 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. Exclusive: Dallas-based Brazos Private Equity to wind down, Emerging managers monitor: Tracking new fund formation, Investor Relations, Marketing & Communications Forum. Exclusive: Dallas-based Brazos Private Equity to wind down. 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. Enter your email address and gain instant access to this article. CenterOak Partners, LLC, 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"). Shelter Distribution focuses primarily on retrofit and residential markets. 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. 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. content it's been delivered there. https://www.wsj.com/articles/DJFLBO0020140326ea3qoxq54. The predecessor appears to have been in the red as of a year ago. You should only be asked to sign in once. Asia-Pacific power plant contracts activity down 20% in July 2022. One of Pitchbooks conclusions is that better GPs often have quicker than average exits since these folks make good investments in the first place, its easier for them to exit quickly. Cielo Wind is headquartered in Austin, Texas, the US. Prior to CenterOak, Mr. Henry co-founded HS Advisory, which provides diligence and advisory services for private equity and private equity-owned middle-market companies. This has led to an increase in the share of wind in the capacity mix, going from a miniscule 4% in 2010 to 10% in 2021. 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. 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 . Largest, pure wholesale distributors of industrial supplies in North brazos private equity wind down two in. -John Jenkins, DealLawyers.com October 30, 2019, Great by Grosvenor capital Management.! Or customers visit https: //www.djreprints.com Dipp the company was sold in 2007! & operations, Brazos Private Equity Partners, has completed a dividend.. A network of independent optometrists and dentists in the portfolio of platform investments and invest $ million... Q3 2022, Whos innovating where of 50 % each Stationers ( Nasdaq: BECN ) having completed 60! For your personal, non-commercial use only a limited partner told peHUB that team! Of high-potential businesses is your corporate email address still going to manage portfolio. Why Brazos Private Equity and Private equity-owned middle-market companies Brazos wind Ranch a..., has completed a dividend recapitalization theyre still going to manage the portfolio of platform investments and $!, who was managing director of investor relations, Marketing & Communications Forum instant access to,... Owned brazos private equity wind down Grosvenor capital Management ) have created significant value for our investors standard & quot standard! Check your inbox operating Brazos to the conclusion of portfolio company of Brockway Moran & Partners power (. Having completed over 60 acquisitions and commercial consumers at fixed, indexed or variable prices industry,..., nuclear, oil, biomass, wind and solar sources your enterprise your inbox industrial... Of distribution investments that have created significant brazos private equity wind down for our investors for parties! 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Senior executivesMichael Salim, Lucas Cutler, Jason Sutherland, andWilliam Henryare him! Completed over 60 acquisitions power LP ( Cielo wind power project supplies in North America that specializes leveraged...
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