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July 22, 2008

Private Equity Firm Buys Majority Interest in Bradco Supply

Private equity firm Advent International has agreed to buy a majority interest in roofing and building materials distributor Bradco Supply, Avenel, NJ. The Segal family will continue to own a minority stake in the business.
 
The transaction is expected to finalized in mid to late August.
 
According to the Bradco Web site, Bradco has more than $1.7 billion in annual sales with more than 154 locations in 30 states.
 
The company has grown rapidly in the past 10 years, growing from 64 locations in 1998 to the current 154. Bradco acquired Admiral Building Products earlier this year.
 
Ted Boylan will continue as CEO.

 

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