M&A Deal Summary

BRS Acquires Shearwater

On April 30, 2021, private equity firm BRS acquired technology hardware company Shearwater

Acquisition Highlights
  • This is BRS’s 1st transaction in the Technology Hardware sector.
  • This is BRS’s 4th transaction in Canada.
  • This is BRS’s 2nd transaction in British Columbia.

M&A Deal Summary

Date 2021-04-30
Target Shearwater
Sector Technology Hardware
Buyer(s) BRS
Deal Type Buyout (LBO, MBO, MBI)

Target

Shearwater

Richmond, British Columbia, Canada
Shearwater is a designer, and manufacturer of dive computers and rebreather electronics serving the technical diving market. Shearwater was founded in 2004 and is headquartered in Richmond, British Columbia.

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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 44 of 46
Sector: Technology Hardware M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 18 of 19
State: British Columbia M&A 2 of 2
Country: Canada M&A 4 of 4
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 DTLR Villa

Hanover, Maryland, United States

DTLR Villa is a specialty retailer targeting the young urban male with over 70 stores in six regions: Atlanta, Baltimore, Chicago, North Carolina, Virginia, and Washington, D.C. DTLR Villa values the urban lifestyle and is committed to bringing the hottest urban fashions to the streets. The Company’s products include footwear, apparel, and accessories. DTLR Villa was formed in 1982 and is based in Hanover, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-20 Tolemar

Huntington Beach, California, United States

Tolemar is a manufacturer of aftermarket parts and accessories for motorcycles and all-terrain vehicles. Tolemar sells its comprehensive product portfolio direct-to-distributors and direct-to-consumer under the brand names Trinity Racing, LA Choppers, and Baron Custom Accessories as well as private-label. Tolemar is based in Huntington Beach, California.

Buy -