M&A Deal Summary

H.I.G. Private Equity Acquires Brooks Equipment

On November 4, 2021, private equity firm H.I.G. Private Equity acquired distribution company Brooks Equipment from Behrman Capital

Acquisition Highlights
  • This is H.I.G. Private Equity’s 11th transaction in the Distribution sector.
  • This is H.I.G. Private Equity’s 203rd transaction in the United States.
  • This is H.I.G. Private Equity’s 6th transaction in North Carolina.

M&A Deal Summary
Date 2021-11-04
Target Brooks Equipment
Sector Distribution
Buyer(s) H.I.G. Private Equity
Sellers(s) Behrman Capital
Deal Type Secondary Buyout
Advisor(s) Robert W. Baird & Co., Inc. (Financial)
Goodwin Procter (Legal)

Target

Brooks Equipment

Charlotte, North Carolina, United States
Brooks Equipment is a distributor of first response fire protection equipment and related parts. Brooks Equipment operates via an extensive network of 16 distribution centers nationwide, through which it offers more than 200,000 products across every major fire and life safety brand. Brooks Equipment was founded in 1941 and is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 305 of 369
Sector (Distribution) 11 of 13
Type (Secondary Buyout) 43 of 68
State (North Carolina) 6 of 7
Country (United States) 203 of 245
Year (2021) 32 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Ransa

Miraflores, Peru

Ransa is a third-party logistics (“3PL”) operator in Latin America with operations in the Andean and Central American regions. The Company has an extensive regional footprint with critical mass and network in 8 countries and 34 cities, in which it has over 7,000 workers and operates over 3.5 million square meters of infrastructure. Ransa was founded in 1939 and is based in Miraflores, Peru. ,

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Leiters

Englewood, Colorado, United States

Leiters is a registered 503B outsourcing provider of high-quality hospital and ophthalmology compounded sterile preparations. It is committed to providing healthcare professionals and their patients with critically needed outsourced medications. Leiters was founded in 1926 and is based in Englewood, Colorado.

Buy -

Seller(S) 1

SELLER

Behrman Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Behrman Capital is a private equity firm focused on management buyouts, leveraged buildups and recapitalizations of established growth companies. Areas of interest include healthcare, defense, specialty manufacturing, business to business outsourcing, and information technology. Behrman looks to invest in the range from $25 to $125 million of equity capital in companies generating sales of $25 to $250 million. Behrman Capital was formed in 1991. The Firm is based in New York City with an additional office in San Francisco.

DEAL STATS #
Overall 21 of 23
Sector (Distribution) 2 of 2
Type (Secondary Buyout) 9 of 10
State (North Carolina) 2 of 2
Country (United States) 21 of 23
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 Pelican Products

Torrance, California, United States

Pelican Products is a designer and manufacturer of high performance protective cases, temperature controlled packaging solutions, advanced portable lighting systems and rugged gear for professionals and outdoor enthusiasts. Pelican's products are used by professionals in the most demanding markets including fire safety, law enforcement, defense / military, aerospace, entertainment, industrial and consumer. Pelican products are designed and built to last a lifetime. Pelican Products was founded in 1976 and is based in Torrance, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-21 Emmes

Rockville, Maryland, United States

Emmes is a full-service clinical research organization dedicated to excellence in supporting the advancement of public health and biopharmaceutical innovation. Emmes was founded in 1977 and is based in Rockville, Maryland.

Sell -
Mergr

Product

Company

Legal