Aurora Capital Partners has promoted Bryant Yung to principal.
Prior to joining Aurora in 2019, Mr. Yung worked at Empyrean Capital Partners and Oak Hill Capital Partners.
“Bryant has become a highly valued and trusted teammate both internally at Aurora and at our portfolio companies,” said Matt Laycock, a partner at Aurora. “He has been an integral member of the Aurora investment team and we look forward to his continued contributions as we collectively execute Aurora’s strategy and operations program to drive value across our portfolio.”
While at Aurora, Mr. Yung has been active with several of the firm’s portfolio companies and serves on the board of directors of SRP Companies, Spray-Tek and Universal Pure. Mr. Yung began his career in investment banking at UBS and he has his undergraduate degree from Cornell and his MBA from Harvard.
Over the past year, Aurora has closed several platform investments including the November 2022 acquisition of Universal Pure, a Nebraska-based provider of high-pressure processing, food safety, and supply chain services to the food industry. High-pressure processing utilizes water and pressure to inactivate food-borne pathogens without the use of chemicals or other additives. Earlier, in August 2022, the firm acquired Sharps Compliance, a Texas-based provider of waste management services including medical, pharmaceutical, and hazardous waste through both mail-back and route-based collection services.
In working with its portfolio companies during the same timeframe, Aurora completed 27 add-on acquisitions and closed three exits including (1) Pace, a Minneapolis-based provider of testing and analytical lab services to the environmental and life sciences sectors, to Leonard Green in January 2022; (2) VLS Environmental Solutions, a Texas-based provider of railcar and barge cleaning, and waste management services, to I Squared in August 2022; and (3) National Technical Solutions, a California-based provider of testing, inspection, and certification services to the civil aviation, space, defense, nuclear, medical, and automotive sectors, to Element Materials Technology Group in September 2022.
Aurora Capital makes control investments of $50 million to $300 million in industrial, manufacturing, and service-oriented businesses that are valued between $100 million and $500 million. Specific sectors of interest include industrial services and distribution, engineered products, and technology-enabled services. Aurora Capital was founded in 1991 and is headquartered in Los Angeles.
© 2023 Private Equity Professional | March 14, 2023
