Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today that it has completed the acquisition of Brass Smith Innovations, LLC (“BSI” or the “Company”). BSI is the leading manufacturer of innovative food guards, counters, cold pans, heated merchandisers, floor troughs, and custom stainless products to the institutional food service sector. BSI was formed in 1989 and is headquartered in Denver, CO.
According to Lauren Leichtman, Co-Founder and CEO of LLCP, “We are excited to partner with Tom Kissinger and the rest of the management team who have built the market leading manufacturer of food shields, custom counters, and related products for the institutional food service industry. BSI has differentiated itself through a focus on industry leading design, engineering and quality. We look forward to the continuation of the company’s rich history of innovation and outstanding customer service.”
Regarding the transaction, Tom Kissinger, CEO of BSI, commented, “I am very excited about this partnership and believe this investment will help BSI further strengthen its market position and advance in its next stage of growth. LLCP has a long history of being a value-added partner to its portfolio companies, and I look forward to leveraging their strategic, financial and M&A expertise in the years to come.”
BSI was advised by Augeo Advisors and obtained legal counsel from Minor and Brown. LLCP was advised by Honigman Miller Schwartz and Cohn LLP. Senior debt was provided by Madison Capital Funding, LLC.