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.