Deal Details

Behrman Completes Continuation Vehicle for Shurco

Industrial

Behrman single asset continuation vehicle for Shurco

Summary

Behrman Capital ("Behrman") closed a single asset continuation fund for Shurco (the "Company"), a leading provider of cargo covering and control systems and related accessories for the transportation industry. The continuation vehicle transaction will provide incremental capital to support Shurco’s next phase of growth, including strategic M&A to continue expanding the Company’s portfolio of complementary products and growing its presence in new markets.

The transaction was anchored by Coller Capital, with additional investments from Northleaf Capital Partners and Siguler Guff. Behrman, existing Fund VI limited partners and Shurco management rolled significant proceeds into the continuation vehicle as part of the transaction. Concurrently, Behrman Fund VII completed a significant investment in Shurco alongside the continuation vehicle.

Baird served as financial advisor to Behrman on this transaction. Baird's GP Solutions and Global Industrials teams worked in tandem to conduct an efficient and competitive process to achieve Behrman's key objectives.

About

Behrman Capital was founded in 1991 by Grant G. and Darryl G. Behrman. Behrman invests in management buyouts, leveraged buildups and recapitalizations of established growth businesses. Behrman's investments are focused in three industries: Defense & Aerospace, Healthcare and Specialty Industrials. The firm has raised $4.7 billion since inception and is currently investing out of its seventh fund. Behrman is headquartered in New York, New York.

As a leading supplier of cargo protection and load securement solutions for the Agriculture, Construction, Waste, Flatbed and Rail markets, Shurco is committed to delivering industry-defining products that solve real-world challenges and drive our customers’ success. Proudly serving OEMs, dealers, distributors and the aftermarket for over 70 years, Shurco’s global presence includes 14 facilities in the United States and the United Kingdom. Shurco is headquartered in Yankton, South Dakota.

Industrial

Behrman single asset continuation vehicle for Shurco