H.I.G. Capital has acquired BECO Holding Co., a portfolio company of private equity investment firm, Behrman Capital. The sale was made to an affiliate of H.I.G. Capital.
BECO Holding offers a range of distribution and critical fire and life safety management services. The firm operates through 16 distribution centers, offering over 200,000 products across every fire and life safety brand.
“All of us at BHC are grateful to have benefitted from Grant and the Behrman Capital team’s deep expertise and knowledge of our business in building the leading distributor in the fire life safety industry,” said Eric Smith, CEO of BECO Holding.
“During our long partnership with BHC, we have spearheaded numerous acquisitions to drive portfolio growth and market expansion and supported multiple strategic initiatives,” added Grant Behrman, managing partner of Behrman Capital.
For BHC, Baird served as exclusive financial advisor, and Goodwin Procter LLP served as legal counsel. For H.I.G., Piper Sandler & Co served as financial advisor, and Ropes and Gray served as legal counsel. Financing for the transaction was provided by Golub Capital.