The company was sold in December 2007 to United Stationers (Nasdaq:USTR). Screen for heightened risk individuals and entities globally to help uncover hidden risks in business relationships and human networks, Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology, The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs, The industry leader for online information for tax, accounting and finance professionals, France's longest river dries up amid winter drought, Israelis launch 'Day of Disruption' against judicial overhaul, Harry and Meghan: Their life together in photos, In pictures: Two trains collide in Greece, Grim aftermath of deadly migrant shipwreck off Italy, Battle for Bakhmut: Scenes from the frontlines, Style and celebrities at Milan Fashion Week, South Korea marks anniversary of protest movement against Japanese colonial rule. The . Prior . For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Brazos has significant experience acquiring, growing and monetizing distribution businesses. As the cofounder and former co-CEO of Brazos Private Equity Partners, Fronterhouse led Brazos' 2011 investment in Vision Source through its sale to Essilor USA in late 2015. You should only be asked to sign in once. It generates and supplies electricity. Israeli police fired stun grenades and scuffles broke out in Tel Aviv on Wednesday during a nationwide "day of disruption," raising the intensity of protests against a government plan to overhaul the judiciary. The industry is veering toward long-dated funds, some expressly intended to take 20 years or more to liquidate. That said, Salim said right now the priority is finishing the deployment of Fund III, the investment period of which ends in July. Private equity funds in Europe are usually considered to be ten-year funds. Last week, Brazos announced the close of a dividend recapitalization of optometrist and dentist supplier Vision Source with financing from Golub Capital. It designs, develops, owns, and operates utility-grade wind power projects. Enter your email address and gain instant access to this article. Vision Source, a network of independent optometrists and dentists in the portfolio of Brazos Private Equity Partners, has completed a dividend recapitalization. The Company invests in manufacturing, consumer products, media, telecommunication, and . Ex-Brazos senior executivesMichael Salim,Lucas Cutler,Jason Sutherland, andWilliam Henryare joining him. It is located in Texas, the US. Relations between the couple and the rest of the family have become strained since they stepped down from their royal duties in 2020, and moved to California to forge new lives and careers. Facility Maintenance, Repair & Operations, Brazos Private Equity Partners and Bill Scheller seek to build a new industrial distribution platform. Exclusive: Dallas-based Brazos Private Equity to wind down, Emerging managers monitor: Tracking new fund formation, Investor Relations, Marketing & Communications Forum. Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. The company also offers energy and specialty services. here to register, Not for publication, email or dissemination, Green Infrastructure Partners to buy ATEs roadbuilding business, Shore Capital-backed OC Flavors snaps up Novotaste, Staci acquires Rotunda Capital-backed fulfillment services firm Amware, Introducing the Women in PE Class of 2023; Lincoln Road partially exits Brothers National, Ares backs BlueCove; Thoma Bravo closes Coupa deal; plus Black History Month interviews, Red Arts Chad Strader: Diversity is good for business; US PE firms vie for public European names. The companys services include renewable energy resource assessment, site identification, energy output projections, environmental assessment, negotiating turnkey construction service contracts, and site design and site layout optimization services. The company offers comprehensive line of residential/commercial roofing products and accessories as well as insulation, siding, windows, doors and other building materials. Northleaf Capital Raises $675 Million to Back Private-Equity Funds, Deals, Venture Investor B Capital Raises First Healthcare Fund, Investcorp Collects More Than $1.2 Billion to Invest in North America, Apollo in Talks to Buy Aerospace-Parts Maker Arconic. NEW YORK, March 26 (peHUB) - Brazos Private Equity Partners, a Dallas buyout shop, will not be raising a new fund and will manage out the existing portfolio and wind down, according to. Exclusive: Dallas-based Brazos Private Equity to wind down. Not the case? Click here. Brazos Private Equity Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. Brazos Private Equity Partners is a Dallas-based private equity firm that manages approximately $1.6 billion of equity capital. Market Data . Cielo Wind Power LP (Cielo Wind) is a wind power project development company. This copy is for your personal, non-commercial use only. Brazos Private Equity Partners is a Dallas-based private equity firm that has managed investment funds with approximately $1.4 billion of equity capital since inception. Next Slideshows . Diamond WTG Engineering & Services and E.ON Energy Services were contracted to render operations & maintenance services for the project. For additional information about ORS Nasco, please visit the firm's website atwww.orsnasco.com. By clicking the Download Free Report button, you accept the terms and conditions and acknowledge that your data will be used as described in the GlobalData privacy policy Mr. Henry has more than 20 years of experience as a trusted business advisor and problem solver with expertise in operations, accounting, finance and project management. Cielo Wind is headquartered in Austin, Texas, the US. Dec 2 2020. Register now to read this article and more for free. The partnersRandall Fojtasek, Jeff Fronterhouse, Patrick McGee and Salimstill have an amicable relationship, Salim said. Private equity activity related to environmental sustainability decreased by 7% in the power industry in Q3 2022, Whos innovating where? Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. The company is a member of various renewable associations such as American Wind Energy Association, Electricity Reliability Council of Texas and Texas Sheep and Goat Raisers Association among others. Prior to CenterOak, Mr. Henry co-founded HS Advisory, which provides diligence and advisory services for private equity and private equity-owned middle-market companies. Click here. Brazos has been one of the most active middle-market private equity investment firms, having completed in excess of 80 transactions over the past decade. A selection of some of our top photography from the month. Friday, May 20, 2022. NXT Capital has announced it provided a $96 million senior secured credit facility to support the refinancing of BlackHawk Industrial, a portfolio company of the winding down Brazos Private Equity Partners.The transaction also included BlackHawk Industrial's acquisition of Packaging Incorporated, a distributor of packaging, fastening and strapping tools, machinery and consumables. here to register, Not for publication, email or dissemination, Green Infrastructure Partners to buy ATEs roadbuilding business, Shore Capital-backed OC Flavors snaps up Novotaste, Staci acquires Rotunda Capital-backed fulfillment services firm Amware, Introducing the Women in PE Class of 2023; Lincoln Road partially exits Brothers National, Ares backs BlueCove; Thoma Bravo closes Coupa deal; plus Black History Month interviews, Red Arts Chad Strader: Diversity is good for business; US PE firms vie for public European names. Environment Sustainability in Power: Offshore Wind Turbines Wind Power in South Africa, Market Outlook to 2030, Update 2 Asia-Pacific T&D project contracts activity up 54% in July 2022, Europe electricity procurement contracts activity up 82% in July 2022, Asia-Pacific power plant contracts activity down 20% in July 2022, T&D project contracts remain flat in July 2022. Register now to read this article and more for free. Patrick OHara, who was managing director of investor relations, left the firm last year after only two years in the role. M&A activity related to environmental sustainability increased by 22% in the power industry in Q3 2022, Whos acquiring who? esgSubNav, Discover more about S&P Globals offerings, Global Economies in Flux: Drive Decisions with the Purchasing Managers Index (PMI) Data, The Natural Language Processing (NLP) Revolution and ChatGPT: An Introduction to the field, our latest research, and how Kensho is empowering businesses to make the most of these technologies, 10:00 - 11:00 am EST | 4:00 - 5:00 pm CET, Long Beach Convention & Entertainment Center. Convene, 117 W 46th St, New York, May 23-24, 2023 March 29-30, 2023 The firm has not had a ton of high level turnover. https://www.wsj.com/articles/DJFLBO0020140326ea3qoxq54. It is located in Texas, the US. At Brazos, Fojtasek managed $1.4 billion of private equity capital across three funds and oversaw the deployment of over $2.5 billion in transaction value. The reality for "standard" funds is that many of them take almost as long to completely wind down. Over the past decade, since the firm's founding in 1999, Brazos has been one of the most active and successful private equity firms focused . The company provides a wide range of services that include engineering, construction, operations and maintenance, land procurement, meteorology, and field services. Private equity activity related to environmental sustainability decreased by 7% in the power industry in Q3 2022; . Its natural as you get to the end of a deployment period, the partners ask themselves, Are we up for a new fundraising together? People are in different places in terms of their families, their business careers, and they want different things, Salim said. Brazos has invested in a broad range of industries including consumer, food and beverage, business and financial services, healthcare, manufacturing / industrial and distribution. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Brazos Private Equity Is Winding Down By Hillary Canada March 26, 2014 8:43 pm ET Text Brazos Private Equity Partners, the Dallas firm behind such buyouts as Cheddar's Restaurants,. Mar 27, 2014 * Vintage 2008 fund was $715 mln . It has been developed in single phase. Brazos focuses on investments in leading middle-market consumer, healthcare, commercial & indus Read More Contact Who is Brazos Private Equity Partners Headquarters it's been delivered there. Italian authorities arrested three people and were looking for a fourth suspect who they believe trafficked up to 200 migrants aboard a wooden boat that smashed apart on rocks off southern Italy on Sunday, killing at least 65 people. NRG owns power generation plants and operates facilities for third parties. Only logged in subscribers of this site will be able to access the shared article. The company supplies a comprehensive product portfolio of over 140,000 branded and private label products sourced from over 600 vendors to over 11,000 independent distributors in multiple sectors; including, industrial, janitorial/sanitation, MRO, safety, construction, electrical, rental, welding, and oilfield services. We are their across the production floor partner delivering value through product and supply chain performance that lowers their total cost of production. In an email, Mr. Salim said the firm didn't plan to raise another fund, but "we are fully engaged on a business-as-usual basis in evaluating investment opportunities, managing our portfolio and creating value for our investors. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. (function() { Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address. This is further set to rise to 15% by 2030. A Pitchbook article does a deep dive into PE cash management practices & makes some interesting observations about distributions to LPs. T&D project contracts remain flat in July 2022. NRG sells energy, services and associated products and services to retail customers under the NRG, Reliant, Green Mountain Energy, Stream and XOOM Energy. Brazos Wind Ranch is a 160MW onshore wind power project. Industrial solutions for power generation, Scotlands hydrogen strategy: Building a green energy economy, Africas rapidly growing energy transition opportunity, One year on: How the Russian invasion of Ukraine has driven and damaged renewables, The EUs new climate policy will spark international cooperation on carbon pricing, UKAEA issues 3.1m of fusion contracts for commercial development, First Solar to supply solar modules to Lightsource BP in US, Engie selects Ecoppia to clean 181MWac solar project in Chile, Electric Process Heaters Help Decarbonise Petrochemical Refining, Whos acquiring who? The industry is veering toward long-dated funds, some expressly intended to take 20 years or more to liquidate. NRG is headquartered in Princeton, New Jersey, the US. Cielo Wind in partnership with landowners, turbine manufacturers, communities, utility companies and investors, develops wind-power projects. It also says that capital calls are cyclical, while distributions tend to be counter-cyclical. It also offers carbon offset programs. Investors are told that this is the time frame within which the investment manager will source appropriate transactions, make the various investments and then effect realisations. Brazos Private Equity Partners, a Dallas buyout shop, will not be raising a new fund and will manage out the existing portfolio and wind down, according to Michael Salim, partner and general counsel. A link has been emailed to you - check your inbox. . The reality for standard funds is that many of them take almost as long to completely wind down. For additional information about Brazos, please visit the firm's website atwww.brazospartners.com. A verification email is on its way to you. In fact, our data shows some sunny results, with about half of all PE funds making their first distributions by the 1.5-year mark. One of Pitchbooks conclusions is that better GPs often have quicker than average exits since these folks make good investments in the first place, its easier for them to exit quickly. https://www.wsj.com/articles/DJFLBO0120150113eb1dr636p. Patent activity related to artificial intelligence decreased by 43% in the power industry in Q3 2022, A tale of two COPs: Connecting climate and biodiversity, Floating wind: Time to turn expertise into action in deeper waters. Brazos Private Equity Partners is a Dallas-based private equity investment firm that specializes in leveraged acquisitions and recapitalizations of high-potential businesses. Fund III was generating an 11.6 percent net IRR and a 1.3x investment multiple as of June 30, 2013 for backer California Public Employees Retirement System. After sign up, well get in touch to help you find the resources that will benefit you the most. The company also serves as operator and asset manager for projects across the world. wa.src = 'https://d10lpsik1i8c69.cloudfront.net/w.js'; Well be together operating Brazos to the conclusion of portfolio company investment horizon(s), he said. The firm has raised three funds since its inception: Along with the 2008 Fund III, Fund I is a 2000 vintage vehicle that raised $250 million; Fund II is a $400 million, 2005 vintage vehicle. The company provides energy from wind and solar sources. . Brazos II closed in 2005 with commitments of $400 million. March 29-30, 2023 Convene, 117 W 46th St, New York, April 19-20, 2023 Convene, 117 W 46th St, New York, May 17-18, 2023 Hilton Tower Bridge, London, May 23-24, 2023 Convene 117 West 46th Street, New York, Get limited access to our industry news, analysis and data, plus regular email updates. Brazos Private Equity Partners, the Dallas firm behind such buyouts as Cheddar's Restaurants, will wind down after managing out the rest of its 2008 vintage fund, according to Chief Operating Officer Michael Salim. All power projects included in this report are drawn from GlobalDatas Power Intelligence Center. The project is currently active. The company produces electricity using coal, natural gas, nuclear, oil, biomass, wind and solar sources. All quotes delayed a minimum of 15 minutes. ", Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Click Below is a brief overview of these investments. NRG Energy and TXU Energy Retail are the power offtakers from the project. Beard was responsible for sourcing, executing and monitoring control-oriented middle-market transaction opportunities in a . Click Brazos Co-Chief Executive Officer and Co-Founding Partner Randall S. Fojtasek said: ";We look forward to partnering once again with Bill Scheller. Salim wouldnt go into detail but said some partners are in talks to start up their own ventures or join new firms. It all needs to add up: what makes a credible corporate climate pledge? Please check your spam or junk folder just in case A senior team from Brazos Private Equity Partners, a private equity firm that is winding down, today unveiled plans to set up a new firm targeting control investments of middle market companies. The team page of the Brazos Private Equity website lists 15 people altogether. This copy is for your personal, non-commercial use only. Brazos Private Equity Partners, a Dallas buyout shop, will not be raising a new fund and will manage out the existing portfolio and wind down, according to Michael Salim, partner and. -John Jenkins, DealLawyers.com October 30, 2019, Great. Click BlackHawk is currently looking for U.S.-based distributors participating in the $400+ billion industrial distribution end market. This copy is for your personal, non-commercial use only. To you - check your inbox observations about distributions to LPs for third parties completely down. Is currently looking for U.S.-based distributors participating in the power industry in Q3 2022, acquiring. Years in the portfolio of brazos private equity Partners is a wind power project development company product and supply performance... Or visit www.djreprints.com new firms contracted to render Operations & Maintenance Services for the.. Ex-Brazos senior executivesMichael Salim, Lucas Cutler, Jason Sutherland, andWilliam joining... To brazos private equity wind down multiple copies, please contact Dow Jones & company, Inc. Rights! Industrial distribution end market of our top photography from the project opportunities in a to wind. 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