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Jen Waldo, Brunswick Bowling Products
BlueArc Capital Management Acquires Brunswick Bowling Products
Muskegon, Mich., May 26, 2015 — Brunswick Bowling Products announced today that it has been acquired by BlueArc Capital Management LLC, a private investment firm based in Atlanta, Georgia. Brunswick, the worldwide market leader in bowling products, is based in Muskegon, Michigan.
BlueArc completed the acquisition with investments from Gladstone Investment Corporation, a publicly traded business development company in McLean, Virginia and Capitala Finance Corp., a business development company in Charlotte, North Carolina.
“Brunswick is a great fit for us,” said Michael Roher, Managing Partner of BlueArc's private equity business. “We focus on investing in well-established, market-leading companies and helping them innovate and grow over time. The brand, the products and the management team all demonstrate the high performance attributes we seek within our portfolio companies.”
“Brunswick Bowling Products has been known for quality products and innovation for 125 years,” said Brent Perrier, Chief Executive Officer of Brunswick Bowling Products. “We’re excited to be associated with BlueArc. Throughout the sale process BlueArc was the obvious choice of our management team. Their commitment to our business is a very positive sign to the entire industry.”
“We are pleased that the buyers are long-term investors and that the Brunswick name and all that it stands for will carry on and continue to set the standard in the bowling industry,” explained Brunswick Chairman and Chief Executive Officer Dustan McCoy.”
Headquarters will remain in Muskegon, Michigan with manufacturing operations in Szekesfehervar, Hungary, and Reynosa, Mexico.
About Brunswick Bowling Products
Brunswick Bowling Products can be found online at www.brunswickbowling.com.
A leader in the recreation industry for more than 165 years, Brunswick was founded in 1845 to make billiards tables and diversified into bowling products in 1890. Brunswick provides industry expertise, products, installation and maintenance for the development and renovation of new and existing centers as well as mixed-use facilities across the entertainment industry. Brunswick is the only full-line supplier of bowling center equipment, supplies and consumer bowling products.
About BlueArc Capital Management
Founded in 2005 by Ron Zazworsky, Jr., BlueArc Capital Management is a private investment firm that offers alternative asset management strategies for family office investors and select institutional partners. Through its private equity business, the firm makes control investments in middle market companies across a wide range of industries.
About Gladstone Investment Corporation
Gladstone Investment Corporation (Nasdaq: GAIN) is a publicly traded business development company that seeks to make debt and equity investments in small and mid-sized businesses in the United States in connection with acquisitions, changes in control and recapitalizations. Additional information can be found at www.gladstonecompanies.com.
About Capitala Finance Corp.
Capitala Finance Corp. is a business development company that invests primarily in traditional mezzanine, senior subordinated and unitranche debt, as well as senior and second-lien loans and, to lesser extent, equity securities issued by lower and traditional middle-market companies. The Company is managed by Capitala Investment Advisors, LLC. For more information about the Company, please visit www.CapitalaGroup.com.