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
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