TowerBrook Acquires Majority Stake in Berkeley Research Group (BRG)

TowerBrook Capital Partners to Acquire Majority Stake in Bruneau from Equistone

July 28, 2021

E-Commerce

TowerBrook Capital Partners has signed a binding agreement to acquire a majority stake in Bruneau from Equistone Partners Europe, subject to regulatory approval and employee consultations. Bruneau is a leading European online distributor of office furniture and supplies (active in six countries with ~930 employees), and TowerBrook intends to support the group's organic growth, product offering expansion and digital customer acquisition.

Berkshire Partners Acquires Majority Stake in TowerNorth

October 5, 2023

Telecommunications

Berkshire Partners has made a majority growth investment in TowerNorth, a developer, owner and operator of wireless infrastructure assets across the United States and Europe. Founding investor Wincove Private Holdings re-invested in the transaction; financial terms were not disclosed.

BRP Group Acquires The Capital Group

August 2, 2021

Financial Services

BRP Group, Inc. (NASDAQ: BRP) has acquired substantially all assets of TCG Financial Holding Company, LLC, which operates as The Capital Group, a Bethesda-based provider of employee benefits consulting, retirement plan consulting, wealth advisory and commercial insurance brokerage services. The transaction adds over 50 colleagues and deepens BRP Group's capabilities in employee benefits, wealth advisory and retirement consulting while increasing scale in the D.C. Metro region and key end markets such as government contracting, technology and non-profits.

TowerBrook Capital Partners Makes Minority Investment in Langan Engineering & Environmental Services

October 26, 2023

Engineering Services

Investment funds managed by TowerBrook Capital Partners have entered into a definitive agreement to take a minority stake in Langan Engineering & Environmental Services. Langan's management and employee shareholders will retain majority ownership; the financing package includes support from Blackstone Credit, CPPIB Credit Investments III and SMBC, and the deal is expected to close in Q1 2024.

Thompson Street Capital Partners Recapitalizes Benefit Recovery Group

August 3, 2022

Healthcare Services

Thompson Street Capital Partners (TSCP) has made a growth investment/recapitalization in Benefit Recovery Group (BRG), a Memphis-based provider of health plan subrogation and compensation recovery services. The partnership will support BRG’s sales force expansion, rollout of additional services and M&A-driven growth; terms were not disclosed and Edgemont Partners acted as BRG’s exclusive financial advisor.

Abry Partners Recapitalizes Benefit Recovery Group

October 16, 2020

Healthcare Services

Abry Partners made a recapitalization investment in Benefit Recovery Group (BRG), a Memphis-based tech-enabled payor services provider that specializes in healthcare subrogation and compensation recovery. The partnership will support BRG's sales investment and product development to accelerate growth; Abry partner T.J. Rose will join BRG's board.