Bunker Hill Capital has sold its portfolio company SunBrite Holding Corporation to SnapAV, a portfolio company of General Atlantic. Bunker Hill acquired SunBrite in December 2010 from the company’s original founders and several individual shareholders.
SunBrite is a designer, manufacturer and supplier of all-weather outdoor televisions, outdoor digital displays and related accessories. The company’s products can withstand heavy rain, moisture, dust and insects, and can operate in extreme temperature ranges. SunBrite sells its products in the US and internationally for both residential and commercial applications. The company is headquartered near Los Angeles in Thousand Oaks, CA (www.sunbritetv.com).
“The sale of SunBrite represents a solid return for our limited partners, and we are grateful to Cameron Hill and the entire SunBrite management team for their hard work and devotion to the business over the years, as well as the support from our financing partners, Zions First National Bank and Avante Mezzanine Partners,” said Brian Kinsman, a Managing Partner of Bunker Hill Capital.
Bunker Hill makes control investments in lower middle market companies with EBITDAs between $5 million and $20 million, and enterprise values up to $120 million. Sectors of interest include industrial products, business services, consumer products, and specialty retail. The firm has offices in Boston and San Diego (www.bunkerhillcapital.com).
“Bunker Hill’s proactive, hands on approach to growing our business was a key success factor in taking the business to the next level,” said CEO Cameron Hill of SunBrite.
The buyer of SunBrite is SnapAV, a manufacturer and wholesaler of custom audio/visual products, accessories, and software based in Charlotte (www.snapav.com). SnapAV has been a portfolio company of General Atlantic since June 2013.
© 2015 PEPD • Private Equity’s Leading News Magazine • 10-27-15
