Bunker Hill Capital, a leading Boston-based private equity investor in lower middle market companies, announced today the sale of its portfolio company, SunBrite Holding Corporation (“SunBrite” or the “Company”), to SnapAV. Bunker Hill Capital acquired SunBrite in December 2010 from the Company’s original founders and several individual shareholders.
According to Brian Kinsman, a Managing Partner of Bunker Hill Capital, “We are very pleased with the sale of SunBrite and are confident that SunBrite will continue its impressive growth trajectory. This sale represents a solid return for our limited partners, and we are grateful to Cameron Hill and the entire SunBrite management team for their hard work and devotion to the business over the years, as well as the support from our financing partners, Zions First National Bank and Avante Mezzanine Partners.”
Cameron Hill of SunBrite added, “Since joining SunBrite as CEO, I have been very impressed with the strategic leadership provided by Bunker Hill Capital and their level of support and dedication to the Company. Bunker Hill Capital’s proactive, hands on approach to growing our business was a key success factor in taking the business to the next level.”
Headquartered in Thousand Oaks, CA, SunBrite, through its subsidiary, SunBriteTV LLC, is a leading designer, manufacturer and supplier of all-weather outdoor televisions, outdoor digital displays and related accessories. The Company offers multiple lines of high definition LCD and LED televisions and digital displays featuring unique software and design elements that allow the units to withstand heavy rain, moisture, dust and insects, and to operate in extreme temperature ranges. All of SunBrite’s outdoor televisions and digital displays are designed and engineered specifically for outdoor use and are not repurposed indoor televisions. The Company sells its products in the U.S. and internationally for both residential and commercial applications.
Bunker Hill Capital is a private equity firm that makes investments in lower middle market companies with enterprise values up to $120 million. The principals of Bunker Hill Capital have invested over $555 million in 35 transactions and target opportunities across four industry sectors including industrial products, business services, consumer products and specialty retail. Bunker Hill Capital’s current portfolio company investments include California Family Fitness, the leading owner and operator of fitness centers in the greater Sacramento, California area; Papa Gino’s/D’Angelo, a dominant quick service restaurant operator in New England; Smith & Wollensky, a premier steakhouse concept in the United States; Rizing, a leading SAP services firm; Dyno, the exclusive licensee of the Singer brand for sewing accessories and producer and marketer of holiday decorative home products; Hubbardton Forge, a Vermont based premier designer and manufacturer of branded hand-forged premium lighting fixtures; Courtagen, a diagnostic testing services company; ASPEQ Heating Group, a manufacturer of highly engineered electric heating and thermal management technologies; and Taos, a California based IT infrastructure consulting and managed services firm. For more information on Bunker Hill Capital, please visit www.bunkerhillcapital.com.