M&A Deal Summary

BRS Acquires Remington

On February 12, 2003, private equity firm BRS acquired defense company Remington from CD&R

Acquisition Highlights
  • This is BRS’s 1st transaction in the Defense sector.
  • This is BRS’s 17th transaction in the United States.
  • This is BRS’s 1st transaction in North Carolina.
Investment Fate
  • Remington was sold to a consortium of financial buyers in 2007 for 370M USD.
  • Remington went bankrupt in 2018.

M&A Deal Summary

Date 2003-02-12
Target Remington
Sector Defense
Buyer(s) BRS
Sellers(s) CD&R
Deal Type Recapitalization

Target

Remington

Madison, North Carolina, United States
Remington designs, produces and sells sporting goods products for the hunting and shooting sports markets, as well as military, government and law enforcement markets. Founded in 1816 in upstate New York, the Company is one of the US' oldest operating manufacturer.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

BRS

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BRS is a private equity investment firm that specializes in management buyouts and recapitalizations of middle-market companies with strong market positions and growth potential. Broad areas of interest include consumer products, consumer services, food/nutrition, restaurants, retail, and distribution. BRS looks to commit $10 to $25 million per transaction. BRS was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 17 of 46
Sector: Defense M&A 1 of 2
Type: Recapitalization M&A Deals 4 of 8
State: North Carolina M&A 1 of 1
Country: United States M&A 17 of 42
Year: 2003 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-18 MWI Animal Health

Meridian, Idaho, United States

MWI Animal Health is a supplier of animal health products to the veterinary profession. MWI distributes pharmaceuticals, biologicals, equipment and supplies to both the food animal and companion animal markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-21 The Sheridan Group

Hunt Valley, Maryland, United States

The Sheridan Group is a specialty printer offering a full range of printing and value-added support services.

Buy $142M

Seller(S) 1

SELLER

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.


DEAL STATS #
Overall 4 of 48
Sector: Defense M&A 1 of 1
Type: Recapitalization M&A Deals 1 of 1
State: North Carolina M&A 1 of 3
Country: United States M&A 4 of 38
Year: 2003 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-01 Brakes Bros

Ashford, United Kingdom

Brakes Bros is a food supplier to caterers in the UK and France. Its strong understanding of the needs of the catering industry, combined with innovation in both products and service, has seen Brakes develop into the major supplier of frozen, fresh and ambient foods to caterers across the UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-30 Kinko s

Dallas, Texas, United States

Kinko's is a provider of document solutions and business services. Its global network of offers access to technology for color printing, finishing and presentation services, Internet access, videoconferencing, outsourcing, managed services, Web-based printing, and document management solutions. Kinko's was formed in 1970 and is based in Dallas, Texas.

Sell $2.4B