Day Pitney LLP represented Greenwich, CT-based GHK Capital Partners LP, an emerging private equity firm targeting investments within the industrial sector, in its completion of the recapitalization of Brown & Settle, Inc., a leading provider of large-parcel site development services in the Virginia, Maryland, West Virginia, and Greater Washington D.C. area. Breakwater Management LP and funds advised by Headway Capital Partners LLP provided preferred equity financing and Breakwater Management LP was the exclusive provider of debt financing to support the recapitalization.
Brown & Settle, Inc., the newly formed holding company for B&S Site Development, Commonwealth Recycled Aggregates & Materials and Valley Rock Services, will continue to provide services while expanding its market-leading position among its regional and national customer base.
The Day Pitney team representing GHK was led by Scott Beach and included Greg Kahn, Casey O’Connor, Michael Kaufman, Edward Bion Piepmeier and Alyssa Paddock.
The company’s press release can be viewed here.