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Tony
and Bill Brassfield founded Brassfield Communications
in 1977. Brassfield Communications, from its inception,
has been engaged in the design, installation and maintenance
of low voltage electrical systems. Low voltage systems
are used in fire alarms, security, access control and
public announcement systems, as well as in many applications
within the healthcare and education sectors.
Because these
systems are so important, it is critical that they are
designed by skilled engineers and installed
by experienced technicians. Brassfield Communications
is a full systems integrator that has established a
distinctive reputation in its industry, thanks to the
dedication, ability and integrity of its field personnel
and staff.
The Company founders determined that at ages 68 and
71, retirement was becoming an attractive option. They
were referred to BCC Capital Partners by their
CPA firm.
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BCC
assisted the Brassfields in evaluating a number of liquidity
alternatives,
including ESOPs, a sale to management, a sale to outside
buyers, and a leveraged recapitalization. After a thorough
review,
the Brassfield’s determined a sale of their business
to an outside, strategic buyer was their preferred alternative,
provided that the buyer was committed to growing the
business, offering opportunities to its highly skilled
employees,
and preserving the Company’s excellent reputation
in its industry.
BCC conducted a disciplined, well organized process
that surfaced a number of prospective buyers. With
BCC’s assistance, each of these buyers was
carefully screened against the criteria established
by the Company founders.
The Brassfield's chose, as the ultimate buyer,
a substantial private investment group with strategic
interests in the industries served by the Company.
This investment group backed a new CEO in the acquisition of the Company at
price
and structure that exceeded the Sellers’ expectations. |
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