GHK Capital Partners Recapitalizes Brown & Settle, Inc.

March 4, 2019

GHK Capital Partners completed a recapitalization of Brown & Settle, Inc., forming a new holding company to support growth and expanded capabilities. Breakwater Management LP and funds advised by Headway Capital Partners LLP provided preferred equity and Breakwater provided the debt facility; founders Michael Brown, Jr. and Gregory "Tommy" Settle retain roughly one-third of the business and will continue to lead operations.

Buyers
GHK Capital Partners, Breakwater Management LP, Headway Capital Partners LLP
Targets
Brown & Settle, Inc.
Sellers
Michael Brown, Jr., Gregory "Tommy" Settle
Industry
Construction
Location
Virginia, United States
Transaction Type
Recapitalization

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.