Investment Summary

Bernhard Capital Partners Invests In Gray Surety

On March 16, 2021, private equity firm Bernhard Capital Partners invested in financial services company Gray Surety

Investment Highlights
  • This is Bernhard Capital Partners’ 1st transaction in the Financial Services sector.
  • This is Bernhard Capital Partners’ 11th transaction in the United States.
  • This is Bernhard Capital Partners’ 7th transaction in Louisiana.
Investment Fate
  • Gray Surety was sold to a publicly-traded strategic buyer in 2025.

Investment Summary

Date 2021-03-16
Target Gray Surety
Sector Financial Services
Investor(s) Bernhard Capital Partners
Deal Type Growth Capital

Target

Gray Surety

Mandeville, Louisiana, United States
Gray Surety is a provider of surety bond solutions offering contract, commercial, and specialty bonds to contractors, businesses, and individuals. Gray Surety focuses on underwriting flexible and reliable bonding programs supported by strong financial backing and personalized service. Gray Surety was founded in 2003 and is based in Mandeville, Louisiana.

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Investor(S) 1

DESCRIPTION

Bernhard Capital Partners is a private equity firm focused on acquiring and investing in middle-market services companies. Bernhard Capital Partners was formed in 2013 and is headquartered in Baton Rouge, Louisiana.


DEAL STATS #
Overall 11 of 21
Sector: Financial Services M&A 1 of 1
Type: Growth Capital M&A Deals 2 of 4
State: Louisiana M&A 7 of 8
Country: United States M&A 11 of 21
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 ClearCurrent

Raleigh, North Carolina, United States

ClearCurrent is a water and wastewater utility platform undergoing a regional consolidation of collection and treatment infrastructure with a focus on providing reliable wastewater treatment and returning the healthiest water possible back to the environment. ClearCurrent is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 RailWorks

New York, New York, United States

RailWorks provides track construction, electrical systems construction, maintenance services, and products throughout the United States and Canada for major transit authorities, Class I and short-line railroads, and rail-served commercial and industrial companies. Trusted RailWorks brands include L.K. Comstock Inc., PNR RailWorks, NARSTCO, and HSQ Technology. RailWorks was formed in 1998 and is based in New York, New York.

Buy -