BB&T Capital Partners has provided subordinated debt and equity to support the acquisition of CURT Manufacturing, a manufacturer and distributor of towing equipment for cars and trucks, by Audax Group.
CURT designs, manufactures, and distributes towing equipment and trailer and cargo management accessories for passenger vehicles and trucks. CURT sells its products through installer, distributor, e-commerce, retail, and auto dealer channels. The company is headquartered in Eau Claire, WI (www.curtmfg.com).
BB&T Capital Partners Mezzanine Fund II was the vehicle used for the CURT Manufacturing investment.
BB&T Capital Markets provides capital and advisory services including research, sales and trading, equity and debt underwriting, M&A advisory and corporate banking. BB&T is one of the largest financial services holding companies in the US with $182.7 billion in assets. BB&T is based in Winston-Salem, NC (www.bbtcapitalmarkets.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 3-19-14
