Rotunda Capital Partners, a private equity firm headquartered in Bethesda, Md., has bought Bron Tapes, a distributor and converter of tapes and adhesives.

Founded in 1977, Bron services customers throughout the U.S. from its 11 branch locations across a variety of industries including aerospace, defense, building products and transportation. Bron is the second investment made from Rotunda’s latest fund, Rotunda Capital Partners Fund III LP. Mike Shand will continue to serve as CEO and lead the company going forward while former president Michael Flynn will continue to serve in a strategic advisory role.

“Bron is a natural extension of Rotunda’s focus on partnering with family-founder owned distribution businesses,” states Corey Whisner, partner at Rotunda. “We look forward to helping the team drive value creation, accelerate organic growth, and pursue add-on acquisitions.”