Bridger Capital Partners, a Salt Lake City middle-market private equity firm, has purchased Old Mill Brick Inc. of Bluffdale. Old Mill Brick manufactures a thin brick panel system for residential and commercial application called BrickWeb that is sold online and through home improvement stores across North America.
Old Mill Brick was founded in 2007 by Garrick Hunsaker, who will continue to lead the company as the CEO and a shareholder.
“Partnering with Bridger Capital Partners is major step forward in helping us fuel our growth and expansion in the building products market,” said Hunsaker.
“Garrick has created a great company that started many years ago with an idea that led to the creation of market disruptive products. The company is growing rapidly into a national contender in the building products market,” said Greg Peterson, managing partner of Bridger Capital Partners.
Bridger partnered with both Bridge Bank and Assurance Mezzanine Fund to fund the transaction, according to a Bridger press release. Bridge Bank provided a revolving credit facility and Assurance contributed both mezzanine debt and co-invest equity to the transaction.
“We are excited about partnering with Bridger Capital Partners and Garrick to help take Old Mill Brick to the next level. This company has a very bright future ahead,” said David Ellis, director at Assurance Mezzanine Fund.
Bridger Capital Partners focuses on founder-led and/or family-owned companies with no prior institutional capital investments. Bridger and its investment partners provide capital for management buyouts, business succession, business owner liquidity, business continuity and recapitalizations, the company said.