Bengur Bryan – Page 2

Dunbar Armored, Inc.

Founded in 1923, Dunbar Armored, Inc. (“Dunbar”) has been family owned and remains a leader in providing innovative solutions to its customer base. Dunbar is the largest non-institutionally owned and 4th largest cash and valuable management solutions company in the United States.

The Situation:

Bengur Bryan has developed a long-term relationship with the Dunbar family and the company providing numerous financial advisory services over the years including M&A advisory, debt placement and valuation services.

Our Services:

Bengur Bryan was engaged by Dunbar to provide M&A advisory services with respect to its acquisition by Brinks. Bengur Bryan was successful in negotiating a $520 million all cash offer for Dunbar with an acquirer paid representation and warranty insurance policy to eliminate the standard transaction escrow.

More info.

The Sandbox Group

The Sandbox Group (“Sandbox”) is a full-service marketing and advertising agency with operations across North America. Sandbox was formed by four agencies with decades of proven results, coming together to create a new, single agency with one purpose: to focus squarely on their clients, work, people, and the collaborative ethos that ties it all together. Sandbox offers strategic marketing, planning, and creative development, for all media and digital strategy solutions across various end markets.

The Situation:

SandBox was eager to embark on an acquisition strategy while the BDC was content to maintain the status quo of the business.

Our Services:

Bengur Bryan was engaged to analyze, recommend and implement a new capital structure for this global marketing services company. The unitranche structure was replaced with a senior debt/non-dilutive preferred equity structure. Cost of capital was lowered and a value enhancing acquisition is underway driving value to equity investors.

More info.

PF Growth Partners, LLC

PF Growth Partners, LLC (“PF”) is one of the largest Planet Fitness franchisee’s, with 42 locations across five states.

The Situation:

PF Growth Partners, LLC had outgrown their traditional senior credit facility. PF also aspired to acquire other Planet Fitness franchisee’s, as well as open new greenfield facilities. To do this PF needed a financial partner that understood the maintenance capex requirements of the fitness industry and would be willing to fund managements growth goals.

Our Services:

Bengur Bryan arranged a senior debt facility for PF Growth Partners, LLC which was provided by a syndicate of lenders. In addition, Bengur Bryan raised preferred equity from Alaris Royalty. The proceeds of the transaction were used to fund new club growth.

More info.

Bengur Bryan Advised Dunbar Armored, Inc. in its Sale to The Brink’s Company

Bengur Bryan is pleased to announce that it acted as the exclusive financial advisor to Dunbar Armored, Inc. (“Dunbar” or “the Company”) in its sale to The Brink’s Company for $520 million.

The transaction combines two of the largest U.S. cash and valuable management solutions companies, Brink’s (2nd largest) and Dunbar (4th largest). Dunbar’s focus on small to medium sized retail and financial institutions, with 78 branches and a fleet of more than 1,600 armored cars, will expand and complement Brink’s customer base.
Dunbar focuses on the retail, financial, government, education and healthcare sectors. Since its inception in 1923, the Company has remained a leader in providing innovative solutions to its customer base, including bar code scanning, smart safes and routing software.

Bengur Bryan is proud of its 20+ year relationship with the Dunbar family which began in 1995 by providing a valuation of common stock for estate planning purposes and is capped by this significant transaction combining two prominent brands to become the world’s largest provider of cash and valuable management solutions. Over the years, Bengur Bryan has been a trusted, thoughtful advisor and partner to Dunbar’s management and shareholders by providing consistent capital markets and financial advisory services including:

Arrangement of multiple credit and financing facilities;

Financial advisory and valuation services in completing a corporate reorganization of its related subsidiaries;

Sale of Dunbar Global Logistics to Loomis AB; and

Financial advisory services related to the capitalization of Dunbar Cybersecurity Solutions.

“Bengur Bryan has been a trusted advisor to the Dunbar company and the Dunbar family, starting with their work over 20 years ago. As we’ve grown, our relationship with Bengur Bryan has been there, with Chris, Charles and their colleagues providing financing solutions, divestiture services and sound, dependable advice. Their understanding of our needs as a family business and the value of Dunbar were why we wanted them as advisors on this momentous sale.” Kevin Dunbar, President and CEO of Dunbar Armored, Inc.

Bengur Bryan Advised South/Win, Ltd.

Bengur Bryan advised South/Win, Ltd. (“South/Win”) on its sale to Highline Aftermarket (“Highline”). Headquartered in Greensboro, NC, South/Win is a leading supplier of windshield washer fluid and antifreeze for the RV & marine markets. South/Win produces a variety of brands including Rain-X, Windex, Blue Coral, and Krystal Kleer for major retailers throughout the United States. South/Win operates manufacturing plants in Greensboro, NC; Leominster, MA; Livonia, MI; Arlington, TX; and Sparks, NV. These facilities join Highline’s existing plants in Wilmington, DE and Milwaukee, WI to form a seamless national supply chain for Highline and South/Win customers.

Will DuBose, President of South/Win, and Blaine DuBose, Vice President of South/Win stated, “Our team is excited to continue South/Win’s growth as part of the Highline family. We are thrilled for the opportunities that this transaction presents for South/Win’s employees, customers, suppliers and other partners.”

Highline is a leading national distributor of consumable products, with strategic manufacturing capabilities, serving multiple channels across the automotive aftermarket. The company was formed in April 2016, by The Sterling Group, a Houston-based middle market private equity firm. Highline has more than doubled in size under Sterling’s ownership and the acquisition of South/Win is the third add-on acquisition completed by Highline. The earlier add-ons were Service Champ, a Chalfont, PA-based distributor of branded and private label automotive aftermarket maintenance parts and accessories, in April 2016; and Levin’s, a Sacramento, CA-based distributor of branded and private label automotive aftermarket maintenance parts and accessories, in January 2018. The addition of South/Win provides Highline with a highly efficient nationwide automotive fluid manufacturing footprint to serve its end markets.

Bengur Bryan Advised Accscient, LLC on the Acquisition of Emergys, LLC

Bengur Bryan & Co., Inc. advised Accscient, LLC on the acquisition of Emergys, LLC. Headquartered in Raleigh, NC, Emergys is a leader in SAP enterprise solutions, IBM business process management, business intelligence and analytics and digital transformation solutions and services.

Based in Atlanta, Georgia, Accscient was founded in 2005 with a goal of building a leading national provider of IT services. Accscient operates through three divisions (Norwin Technologies, Premier IT Solutions and Appridat) and provides IT consulting and IT staffing services on client projects including ERP planning/implementation, business intelligence, and infrastructure/data center management. Accscient serves Fortune 1000 customers in a wide variety of industries with over 350 consultants, while leveraging offshore capabilities when appropriate.

Bengur Bryan Advised Accscient, LLC on the Acquisition of Applications2U, LLC

Bengur Bryan & Co., Inc. advised Accscient, LLC in the purchase of Applications2U, LLC. This acquisition expands Accscient’s offerings in consulting, digital infrastructure management and systems integration to the healthcare industry.

Based in Atlanta, Georgia, Accscient was founded in 2005 with a goal of building a leading national provider of IT services. Accscient operates through three divisions (Norwin Technologies, Premier IT Solutions and Appridat) and provides IT consulting and IT staffing services on client projects including ERP planning/implementation, business intelligence, and infrastructure/data center management. Accscient serves Fortune 1000 customers in a wide variety of industries with over 350 consultants while leveraging offshore capabilities when appropriate.

Bengur Bryan Advises Andalou Naturals

Bengur Bryan advised Andalou Naturals (“Andalou” or the “Company”) in its sale to BWX Brands USA, Inc., a subsidiary of BWX Limited (“BWX”). Andalou represents the addition of a complementary brand to BWX’s existing brand portfolio, which includes Sukin and Mineral Fusion.

Bengur Bryan Advises Sequel Youth and Family Services

Bengur Bryan advised Sequel Youth and Family Services (“Sequel”), a leading behavioral healthcare provider, on a majority equity investment from Altamont Capital Partners (“Altamont”), a private investment firm based in the San Francisco Bay Area with $2 billion of capital under management.

Bengur Bryan Advises Accsicent, LLC

Bengur Bryan & Co., Inc. served as placement agent in the private placement of $20 million of preferred equity securities and redeemable preferred securities to support the recapitalization and growth strategy of Accscient, LLC.