Brookside Mezzanine Partners provided subordinated debt and made an equity co-investment to support the recent acquisition of Hubbardton Forge by Bunker Hill Capital.
Hubbardton Forge is a designer and manufacturer of hand-forged residential and commercial lighting products. The company is based in Castleton, VT (www.hubbardtonforge.com).
Brookside Mezzanine Partners provides subordinated debt and minority equity to small and mid-sized companies seeking long-term capital to support buyouts, leveraged recapitalizations, strategic acquisitions, dividends and growth capital. Target companies generally have trailing twelve month revenue of at least $15 million and EBITDA of at least $3 million. Brookside manages $500 million through three mezzanine funds. The firm was founded in 2001 and has offices in Stamford, CT and Boston, MA (www.brooksidemezzanine.com).
The Hartford Financial Services Group (www.thehartford.com) participated with Brookside Mezzanine on the subordinated debt. Abacus Finance Group (www.abacusfinance.com) and Crescent Capital (www.crescentcap.com) provided the senior debt.
Bunker Hill makes control investments in lower middle market companies with revenues up to $300 million, EBITDAs between $5 million and $35 million, and enterprise values typically between $30 million and $150 million. Sectors of interest include industrial products, business services, specialty retail, and consumer products. The firm has offices in Boston and San Diego (www.bunkerhillcapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 12-4-13
