NEW YORK and SAN FRANCISCO, Dec. 3 /PRNewswire/ -- Behrman Capital, a
private investment firm focusing on emerging growth companies, today announced
that it has become the majority shareholder of Brooks Equipment Company, Inc.
("Brooks"), the premier wholesale distributor of industrial fire protection
equipment for the first response segment of the fire protection industry.
Founded over 55 years ago in San Francisco and relocated to Charlotte,
North Carolina in 1970, Brooks has a long history as a market leader in a
recession-resistant industry. Via its 20 distribution centers located
throughout the United States, Brooks provides inventory outsourcing services
and just-in-time availability for a wide range of equipment, parts, and
This transaction, which has a total value of $70 million, marks the third
equity investment for Behrman Capital II L.P. The fund closed in January 1998
with total committed capital of $518 million.
"We are very pleased with the partnership we are announcing today," said
Richard Fairclough, President of Brooks. "We look forward to working closely
with Behrman Capital, which has invaluable financial and operating expertise,
as we continue to focus on serving the needs of our current customers, adding
new products to our distribution network and pursuing new business
Grant G. Behrman, a Managing Partner of Behrman Capital stated, "We are
extremely pleased with this investment. Brooks has a long record of
consistently strong financial performance and growth and is a well-entrenched
market leader. Our investment in Brooks reflects our tremendous confidence in
its competitive position, its operational strength, its outstanding management
team, and its proven growth strategy."
Behrman Capital invests in management buyouts of growth companies focused
on the health care, outsourced manufacturing, and information technology
industries, as well as special situations. The firm also provides expansion
capital to emerging growth companies, principally in the health care and high
Based in New York City and San Francisco, Behrman Capital was founded in
1992 by Darryl G. and Grant G. Behrman. The firm currently has a combined
capital base exceeding $640 million.
SOURCE Behrman Capital