Bruckmann, Rosser, Sherrill & Co. (BRS), the New York-based private equity firm, announced a distribution to its limited partners resulting from the recapitalization of Gamo Outdoor SL and Daisy Manufacturing Company and other related entities.
Gamo, based in Barcelona, Spain, is a provider of high-quality airguns, pellets, optical equipment, airsoft products, related consumables and outdoor accessories. Daisy, based in Rogers, AK, is a leading manufacturer of youth airguns and accessories. BRS Outdoor Sports made its original investments in Gamo and Daisy in August 2013 and June 2016, respectively.
Daisy was purchased by Gamo in July 2016. Other shareholders in the company group include Frist Capital, LLC, Bixby Bridge Capital, LLC, and SRI Hunting Products, LLC
“This recapitalization completes the integration of Gamo and Daisy, two iconic brands in the market,” said Steve Sherrill, managing partner of BRS. “We are excited for the future of this international platform with its full range of offerings of youth to adult products.”
LBC Credit Partners, Inc. and J.P. Morgan provided the financing necessary to complete the recapitalization and Kirkland & Ellis LLP acted as legal advisor to BRS.
BRS is a New York-based private equity firm with combined capital invested of over $1.2 billion across three investment partnerships, focused on investing in middle market consumer goods and services businesses. Other investments in the sports space include Totes Isotoner, Evolv Sports & Designs, Remington Arms Company, Royal Robbins and New Archery Products (NAP).