Brightstar Capital Partners forms InfraServ US, LLC; begins acquisitions
Acquires Gateway Bobcat, LLC in partnership with existing ownership and management; new capital will facilitate growth in consolidating fragmented industry.
Brightstar Capital Partners, a private investment firm that partners with closely held, family-owned middle market companies, announces the acquisition of Gateway Bobcat, LLC in partnership with Gateway Bobcat’s founder and CEO Dan Anich, president Mike Allen and members of its leadership team. The transaction is the first through Brightstar’s newly-formed company, InfraServ US, LLC, which will serve as an industrial equipment dealership and services platform.
Headquartered in St. Louis, Missouri, Gateway Bobcat is a provider of Bobcat and Doosan branded industrial equipment and has grown rapidly from a single dealership in 1990 to 11 locations across Missouri, Illinois, Indiana, Kentucky, and Tennessee. In addition to serving as a dealer of new and used equipment, Gateway Bobcat maintains a rental fleet as well as a significant parts and services offering.
“Gateway Bobcat has been extremely adept at building meaningful scale in the fragmented industrial equipment and services industry,” says Andrew Weinberg, managing partner and CEO of Brightstar. “Gateway Bobcat is the centerpiece of our plans to build an industrial equipment dealership and services platform through InfraServ US.”
“The Gateway Bobcat team is delighted to be partnering with Brightstar to help realize our potential for growth,” says Anich. “Brightstar will bring additional investment capital into the company, as well as a proven track record of supporting enterprising businesses through strategic thinking, talent development and operational, financial and transactional expertise.”
“We are excited by the opportunity to invest in the further success of this dynamic entrepreneurial business, whose management team has shown its ability to grow organically and through consolidation, to build solid relationships with customers and its major OEM supplie, and to create systems and processes needed to support a scalable business,” says Joseph Bartek, managing director of Brightstar.
“We look forward to a bright future as we work together to build on Gateway Bobcat’s leadership in the industrial equipment marketplace,” says Allen.
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