NRG sells energy, services and associated products and services to retail customers under the NRG, Reliant, Green Mountain Energy, Stream and XOOM Energy. wa.src = 'https://d10lpsik1i8c69.cloudfront.net/w.js'; Shareholders will maintain their existing ownership stake in Vision Source, which was established in 1991 and boasts a . Mr. Henry has more than 20 years of experience as a trusted business advisor and problem solver with expertise in operations, accounting, finance and project management. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Get ahead and download this whitepaper for more details on the current state of the Wind Power Market. window.__lo_site_id = 177402; it's been delivered there. As the cofounder and former co-CEO of Brazos Private Equity Partners, Fronterhouse led Brazos' 2011 investment in Vision Source through its sale to Essilor USA in late 2015. We remain good friends, and weve told ourselves that we want our process as we wind up the Brazos deployment cycle to be a model for how people do this, he said. March 29-30, 2023 All quotes delayed a minimum of 15 minutes. The total value of New York State Common Retirement Funds investment in Fund II was $39.0 million as of March 31, 2013, according to the pension fund. We have just sent you an email so you can verify your account. It also offers carbon offset programs. Golub Capital provided the financing to support the deal through a uni-tranche term loan facility and revolver. M&A activity related to environmental sustainability increased by 22% in the power industry in Q3 2022, Whos acquiring who? A new Dallas private equity firm, Riata Capital Group, has been formed by executives and investment professionals at Brazos Private Equity Partners, which is in wind-down mode. Prior . Register now to read this article and more for free. 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U.S. private equity firm Brazos Private Equity Partners will not be raising a new fund and will manage out the existing portfolio and wind down, reports Chris Witkowsky, editor of peHUB. For additional information about Shelter Distribution, please visit the firm's website atwww.shelterdistribution.com. See here for a complete list of exchanges and delays. Only logged in subscribers of this site will be able to access the shared article. Next Slideshows . It generates and supplies electricity. At Brazos, Fojtasek managed $1.4 billion of private equity capital across three funds and oversaw the deployment of over $2.5 billion in transaction value. Brazos focuses on investments in middle-market companies with enterprise values up to $500 million. Dallas, Texas Brazos Private Equity Partners, LLC, a leading Dallas-based private investment firm, announced today that it will partner with Bill Scheller to build a new industrial distribution platform called BlackHawk Industrial Distribution, Inc. Mr. Scheller, a long-time industrial distribution executive and investor and former CEO and President of ORS Nasco, a Brazos portfolio company, will serve as President and CEO. Texas-based buyout house Brazos Private Equity Partners is reportedly set to wind down after revealing it will not raise Sorry, you need to subscribe to read this article. This copy is for your personal, non-commercial use only. NRG Energy and TXU Energy Retail are the power offtakers from the project. Exclusive: Dallas-based Brazos Private Equity to wind down. It carries out plant operations, commercial operations, EPC, asset management, energy services and other related critical functions. Many cases likely involve straggler investments and not . Environment Sustainability in Power: Offshore Wind Farms. Click var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(wa, s); Industrial solutions for power generation, Scotlands hydrogen strategy: Building a green energy economy, Africas rapidly growing energy transition opportunity, One year on: How the Russian invasion of Ukraine has driven and damaged renewables, The EUs new climate policy will spark international cooperation on carbon pricing, UKAEA issues 3.1m of fusion contracts for commercial development, First Solar to supply solar modules to Lightsource BP in US, Engie selects Ecoppia to clean 181MWac solar project in Chile, Electric Process Heaters Help Decarbonise Petrochemical Refining, Whos acquiring who? All power projects included in this report are drawn from GlobalDatas Power Intelligence Center. A senior team from Brazos Private Equity Partners, a private equity firm that is winding down, today unveiled plans to set up a new firm targeting control investments of middle market companies. A Greek passenger train collided head-on with a cargo train late on Tuesday, throwing entire carriages off the tracks and killing at least 36 people in the country's deadliest rail crash in living memory. Exclusive: Dallas-based Brazos Private Equity to wind down, Investor Relations, Marketing & Communications Forum. It also provides construction management, project financing, operations and maintenance and asset management services. Brazos Private Equity Partners is a Dallas-based private equity firm that manages approximately $1.6 billion of equity capital. Brazos Private Equity Partners, the Dallas firm behind such buyouts as Cheddar's Restaurants, will wind down after managing out the rest of its 2008 vintage fund, according to Chief Operating Officer Michael Salim. This is further set to rise to 15% by 2030. Brazos Private Equity Partners is a Dallas-based private equity investment firm that specializes in leveraged acquisitions and recapitalizations of high-potential businesses. It has its operations in the US and the UK. content The company supplies a comprehensive product portfolio of over 140,000 branded and private label products sourced from over 600 vendors to over 11,000 independent distributors in multiple sectors; including, industrial, janitorial/sanitation, MRO, safety, construction, electrical, rental, welding, and oilfield services. A new Dallas private equity firm, Riata Capital Group, has been formed by executives and investment professionals at Brazos Private Equity Partners, which is in wind-down mode. Mitsubishi Heavy Industries was selected as the turbine supplier for the wind power project. The predecessor appears to have been in the red as of a year ago. The industry is veering toward long-dated funds, some expressly intended to take 20 years or more to liquidate. Contact Ex-Brazos senior executivesMichael Salim,Lucas Cutler,Jason Sutherland, andWilliam Henryare joining him. Patrick OHara, who was managing director of investor relations, left the firm last year after only two years in the role. Only logged in subscribers of this site will be able to access the shared article. A verification email is on its way to you. Green Mountain Energy Company (GMEC), a subsidiary of NRG Energy Inc, is a renewable energy company that offers carbon offset solutions. Only logged in subscribers of this site will be able to access the shared article. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address. 214-756-6509. CenterOak Partners, LLC, a Dallas-based private equity firm focused on making control-oriented investments in middle-market companies, today formally announced its formation led by Randall Fojtasek, former Co-Founder and Co-Chief Executive Officer of Brazos Private Equity Partners, LLC ("Brazos"). The team page of the Brazos Private Equity website lists 15 people altogether. The company provides energy and related services to residential, industrial and commercial consumers at fixed, indexed or variable prices. Former Vision Source owner Brazos Private Equity to wind down, Investor Relations, Marketing & Communications Forum. Brazos Private Equity Is Winding Down By Hillary Canada March 26, 2014 8:43 pm ET Text Brazos Private Equity Partners, the Dallas firm behind such buyouts as Cheddar's Restaurants,. Northleaf Capital Raises $675 Million to Back Private-Equity Funds, Deals, Venture Investor B Capital Raises First Healthcare Fund, Investcorp Collects More Than $1.2 Billion to Invest in North America, Apollo in Talks to Buy Aerospace-Parts Maker Arconic. Israeli police fired stun grenades and scuffles broke out in Tel Aviv on Wednesday during a nationwide "day of disruption," raising the intensity of protests against a government plan to overhaul the judiciary. ORS Nasco currently has a network of eight strategically placed distribution centers that provide overnight delivery access to approximately 80% of the industrial activity in the United States and the rest of the country within two days. The . https://www.wsj.com/articles/DJFLBO0120150113eb1dr636p. Convene 117 West 46th Street, New York, Get limited access to our industry news, analysis and data, plus regular email updates. Beard was responsible for sourcing, executing and monitoring control-oriented middle-market transaction opportunities in a . Shelter Distribution, Inc.is one of the largest wholesale distributors of roofing products and related accessories in the Midwest/Southwest U.S. For additional information about ORS Nasco, please visit the firm's website atwww.orsnasco.com. Russian forces press their weeks-long drive to encircle and capture the eastern Ukrainian city of Bakhmut where the commander of Ukraine's ground forces described the situation as "extremely tense". NEW YORK, March 26 (peHUB) - Brazos Private Equity Partners, a Dallas buyout shop, will not be raising a new fund and will manage out the existing portfolio and wind down, according to Michael Salim, partner and general counsel. Salim declined to comment on their performance. Private equity activity related to environmental sustainability decreased by 7% in the power industry in Q3 2022; . For additional information, please visit the firm's website atwww.strategicequipment.com. You should only be asked to sign in once. Target companies generally have growing free cash-flow, sustainable competitive advantages, and a leading market position. A link has been emailed to you - check your inbox. This copy is for your personal, non-commercial use only. Formed in early 2000 through the consolidation of six independent foodservice equipment and supply solution companies, Strategic Equipment and Supply has been instrumental in opening more than 10,000 restaurants, as well as 1,000 non-restaurant foodservice facilities. Visit our privacy policy for more information about our services, how we may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. It designs, develops, owns, and operates utility-grade wind power projects. Convene, 117 W 46th St, New York, May 23-24, 2023 The company serves in regions of Illinois, Maryland, New Jersey, Massachusetts, New York, Pennsylvania and Texas. NRG Energy Inc (NRG) is an integrated energy company. Brazos Private Equity Partners, a Dallas buyout shop, will not be raising a new fund and will manage out the existing portfolio and wind down, according to Michael Salim, partner and. In an email, Mr. Salim said the firm didn't plan to raise another fund, but "we are fully engaged on a business-as-usual basis in evaluating investment opportunities, managing our portfolio and creating value for our investors. One of Pitchbooks conclusions is that better GPs often have quicker than average exits since these folks make good investments in the first place, its easier for them to exit quickly. 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