Investment Summary

Exits BGSF

On April 29, 2014, invested in staffing company BGSF from Brookside Equity Partners, Calvert Street Capital Partners and Taglich Private Equity

Investment Highlights
  • This is transaction in the Staffing sector.
  • This is transaction in the United States.
  • This is transaction in Texas.
Investment Fate
  • BGSF was sold to a financial buyer in 2015.

Investment Summary

Date 2014-04-29
Target BGSF
Sector Staffing
Sellers(s) Brookside Equity Partners
Calvert Street Capital Partners
Taglich Private Equity
Deal Type IPO

Target

BGSF

Plano, Texas, United States
BGSF provides staffing services to a variety of industries through its various divisions. BG Staffing is primarily a professional temporary staffing platform that has integrated several regional and national brands. BGSF was founded in 2007 and is founded in Plano, Texas.

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Seller(S) 3

SELLER

Brookside Equity Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1977
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Brookside Equity Partners (BEP) focuses on private equity investments, including direct control investments, majority or minority co-investments alongside other investment firms, and, on a selective basis, investments in private funds or special situations. BEP targets North American middle-market companies with revenues greater than $15 million and at least $5 million of EBITDA. Sectors of interest include manufacturing, chemicals, financial services, environmental, food, and distribution. Brookside Equity Partners was formed in 1977 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 16 of 28
Sector (Staffing) 1 of 1
Type (IPO) 2 of 4
State (Texas) 2 of 4
Country (United States) 16 of 28
Year (2014) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 Hart Systems

Hauppauge, New York, United States

Hart Systems LLC, provides inventory management services to a variety of retail, distribution, and federal government customers that require periodic or annual inventory counts.

Sell $94M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-08 Boot Barn

Irvine, California, United States

Boot Barn is a specialty retailer of western and work wear. Boot Barn offers western and work boots, jeans, shirts, outer wear, protective work wear, accessories, belts and jewelry. Boot Barn was incorporated in 1978 and is headquartered in Irvine, California.

Sell -
SELLER

Calvert Street Capital Partners

Lutherville, Maryland, United States

Category Private Equity Firm
Founded 1995
PE ASSETS 526M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Calvert Street Capital Partners (CSCP) is a private equity firm that invests in mid-sized companies. CSCP will consider opportunities across the US with a preference for opportunities located in the Eastern US. The Firm generally targets investments in scalable niche manufacturing, industrial, and business service companies. CSCP looks to invest $15 to $50 million per transaction. CSCP will not invest in start-ups, early stage venture capital, real estate or in companies that develop rapidly changing technology. Calvert Street Capital Partners was formed in 1995 and is based in Baltimore, Maryland.


DEAL STATS #
Overall 5 of 11
Sector (Staffing) 1 of 1
Type (IPO) 1 of 1
State (Texas) 2 of 3
Country (United States) 5 of 10
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-30 SPP

Sanford, Florida, United States

SPP is a diversified company focusing on the distribution of products that protect humans, plants and animals. Through our current operating companies, Red River Specialties, Inc. and ADAPCO, Inc., we provide a wide range of specialty pesticides used in the forestry, industrial vegetation management, range and pasture, aquatics and mosquito control markets. Specialty Professional Products is continuously looking for compatible specialty distribution companies to align with; and share our philosophy of distributing products that protect humans, plants and animals.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-10 Main Tape

Cranbury, New Jersey, United States

Main Tape Co. specializes in the design and manufacture of plastic film for temporary surface protection applications. Main Tape has successfully developed a comprehensive product and solution offering for industrial customers based primarily in the United States but also in Mexico.

Buy -
SELLER

Taglich Private Equity

New York, New York, United States

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Taglich Private Equity is a private equity firm focused on investing in US-based, lower middle market manufacturing, business service, and consumer product companies. The Firm prefers businesses with strong growth prospects and leading market positions. Taglich looks to invest $3 to $20 million and will consider funding a variety of investment situations - including management buyouts, recapitalizations, secondary buyouts, ownership transitions, divestitures, and growth capital financings. Taglich Private Equity was formed in 2001 and is based in New York City.


DEAL STATS #
Overall 9 of 17
Sector (Staffing) 1 of 1
Type (IPO) 4 of 5
State (Texas) 1 of 1
Country (United States) 9 of 17
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-18 Lignetics

Broomfield, Colorado, United States

Lignetics is a residential wood pellet manufacturing company in the U.S. The company’s innovative eco-friendly offering includes premium wood pellets for super-efficient home heating, barbecue pellets that naturally seal in perfect wood-fired flavor, and a superior all-natural high-performance cat litter. The company delivers these innovative all-natural products through national retail partners and directly to consumers via the only national network of wood pellet manufacturing plants spread across the U.S. and Canada with 22 different plant locations. Lignetics was founded in 1983 and is based in Broomfield, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-03 American Blanching

Fitzgerald, Georgia, United States

ABC Peanut Butter LLC is a manufacturer of peanut butter for national brands, private label retail and industrial markets and provides peanut blanching, granulation and roasting services for the commercial peanut industry.

Sell $128M