Bridger Capital Partners has acquired Bluffdale, Utah-based Old Mill Brick, a provider of brick web and panel systems. No financial terms were disclosed. Bridge Bank provided a revolving credit facility for the transaction while Assurance Mezzanine Fund contributed both mezzanine debt and co-invest equity.
SALT LAKE CITY (PRWEB) MARCH 15, 2018
Bridger Capital Partners today announced it has acquired Old Mill Brick, Incorporated (“Old Mill Brick”) based in Bluffdale, Utah.
Founded in 2007, Old Mill Brick owns and distributes several patented, easy to install, thin brick web and panel systems that can be used with any thin brick, including tumbled and cast. The company’s flagship product “BrickWeb” is sold online and through major retail home improvement stores across North America. The company’s thin brick systems are used for both residential and commercial building applications.
Old Mill Brick was founded and owned by Garrick Hunsaker, who will continue to lead the company as the CEO and a shareholder. “Partnering with Bridger Capital Partners is major step forward in helping us fuel our growth and expansion in the building products market,” said Garrick Hunsaker, Owner and CEO of Old Mill Brick, Incorporated. http://www.oldmillbrick.com
“Garrick has created a great company that started many years ago with an idea that led to the creation of market disruptive products. The company is growing rapidly into a national contender in the building products market,” said Greg Peterson, Managing Partner of Bridger Capital Partners.
Bridger partnered with both Bridge Bank and Assurance Mezzanine Fund to round out the transaction. Bridge Bank provided a revolving credit facility and Assurance contributed both mezzanine debt and co-invest equity to the transaction. “We are excited about partnering with Bridger Capital Partners and Garrick to help take Old Mill Brick to the next level. This company has a very bright future ahead,” said David Ellis, Director for Assurance Mezzanine Fund.
About Bridger Capital Partners
Bridger Capital Partners is a middle market private equity firm focused on founder-led and/or family-owned companies with no prior institutional capital investments. Bridger and its investment partners provide capital for management buyouts, business succession, business owner liquidity, business continuity and recapitalizations. Bridger has managed investment positions in manufacturing, IT services, SaaS software, digital media, logistics, energy and utility infrastructure services. Bridger provides experienced intellectual capital in addition to debt and equity to each transaction. For more information, visit http://www.bridgercapitalpartners.com.
About Assurance Mezzanine Fund
Assurance Mezzanine Fund is a private investment firm located in Orlando, FL providing $3 to $20 million customized growth capital solutions to profitable, lower-middle-market companies nationwide. We look to invest our funds in established companies operated by experienced and proven management teams with a history of building enterprise value. Assurance Mezzanine Fund was created by former industry executives and experienced investors who place a high value on their relationships with management teams. Our goal is to help companies grow not only by supplying capital, but also by offering business owners our experience and network contacts obtained while operating our own businesses. For more information, visit http://www.assurancemezz.com.
About Bridge Bank
Bridge Bank is a division of Western Alliance Bank, Member FDIC, the go-to bank for business in its growing markets. Bridge Bank was founded in 2001 in Silicon Valley to offer a better way to bank for small-market and middle-market businesses across many industries, as well as emerging technology companies and the private equity community. Geared to serving both venture-backed and non-venture-backed companies, Bridge Bank offers a broad scope of financial solutions including growth capital, equipment and working capital credit facilities, sustainable energy project finance, venture debt, treasury management, asset-based lending, SBA and commercial real estate loans, ESOP finance and a full line of international products and services. Based in San Jose, Bridge Bank has eight offices in major markets across the country along with Western Alliance Bank’s robust national platform of specialized financial services. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation. One of the country’s top-performing banking companies, Western Alliance ranks #2 on the Forbes 2018 “Best Banks in America” list. For more information, visit http://www.bridgebank.com.