For additional information about ORS Nasco, please visit the firm's website atwww.orsnasco.com. Heres an excerpt: Most funds take 12 years or more to fully liquidate. 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,. Below is a brief overview of these investments. You should only be asked to sign in once. Enter your email address and gain instant access to this article. The documentation constituting the . Last week, Brazos announced the close of a dividend recapitalization of optometrist and dentist supplier Vision Source with financing from Golub Capital. 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. 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. Dec 2 2020. Click here. For Brazos, Mr. 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. 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 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. 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. 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. Facility Maintenance, Repair & Operations, Brazos Private Equity Partners and Bill Scheller seek to build a new industrial distribution platform. He will lead the firm alongside former Brazos. 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". 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. Copyright 2019 BlackHawk Industrial / All rights reserved. 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. GMEC is headquartered in Austin, Texas, the US. Not the case? For additional information, please visit the firm's website atwww.strategicequipment.com. Not the case? Salim wouldnt go into detail but said some partners are in talks to start up their own ventures or join new firms. It is located in Texas, the US. Exclusive: Dallas-based Brazos Private Equity to wind down. 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. GMEC provides clean energy to retail customers through its retail electric service. We are their across the production floor partner delivering value through product and supply chain performance that lowers their total cost of production. MORE IN PICTURES. Cielo Wind is headquartered in Austin, Texas, the US. 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. Don't have an account? 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. Brazos has a long runway ahead of it. Information, analytics and exclusive news on financial markets - delivered in an intuitive desktop and mobile interface. We have a portfolio to mine and harvest value. Brazos has significant experience acquiring, growing and monetizing distribution businesses. The company was sold in October 2005 to Beacon Roofing Supply (Nasdaq: BECN). 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. NRG Energy and TXU Energy Retail are the power offtakers from the project. https://www.wsj.com/articles/DJFLBO0120150113eb1dr636p. You should only be asked to sign in once. 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. The project is co-owned by Mitsui and Royal Dutch Shell, with their respective ownership stake of 50% each. 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. 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. All power projects included in this report are drawn from GlobalDatas Power Intelligence Center. We distinguish ourselves as the #1 choice for industrial manufacturers who are in need of Technical Service and Production Savings. Shelter Distribution focuses primarily on retrofit and residential markets. Power industry news, data and in-depth articles on the global trends driving power generation, renewables and innovation. Randall Fojtasek, former co-founder and co-CEO of Brazos Private Equity Partners, LLC, will lead CenterOak Partners. Phone Number (214) 756-6500. Only logged in subscribers of this site will be able to access the shared article. It has been developed in single phase. Mar 27, 2014 * Vintage 2008 fund was $715 mln . This copy is for your personal, non-commercial use only. 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. Click here. March 29-30, 2023 NRG Energy Inc (NRG) is an integrated energy company. /marketintelligence/en/news-insights/latest-news-headlines/leveraged-loan-news/senior-team-from-brazos-forms-new-middle-market-pe-firm 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. Theyre still going to manage the portfolio companies at Brazos through the entire lifecycle, said Megan Griffin at BackBay Communications. Brazos has been one of the most active middle-market private equity investment firms over the past decade, having completed over 60 acquisitions. A link has been emailed to you - check your inbox. 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. Brazos Private Equity Partners LLC. 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? 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. The reality for "standard" funds is that many of them take almost as long to completely wind down. This copy is for your personal, non-commercial use only. 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. peHUB-Exclusive: Dallas-based Brazos Private Equity to wind down. Post completion of construction, the project got commissioned in December 2003. })(); Most limited partners are well aware that PE funds are quick to make capital calls, but much slower to pull the trigger on distributions. 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. Don't have an account? Register now to read this article and more for free. ", Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. It is not clear why Brazos Private Equity has decided to wind down. The project got commissioned in December 2003. The company provided 160 units of MWT62/1.0 (MWT-1000A) turbines, each with 1MW nameplate capacity. Don't have an account? Contact: Mark Semer Kekst and Company (212). It is located in Texas, the US. Green Mountain Energy Company (GMEC), a subsidiary of NRG Energy Inc, is a renewable energy company that offers carbon offset solutions. Register now to read this article and more for free. Renewables and innovation Dallas-based Brazos Private Equity to wind down address and gain instant access to this article more! 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