Brunswick Bowling Products announced recently that it has been acquired by BlueArc Capital Management LLC, a private investment firm based in Atlanta, Ga. Brunswick, a worldwide market leader in bowling products, is based in Muskegon, Mich.
BlueArc completed the acquisition with investments from Gladstone Investment Corporation, a publicly traded business development company in McLean, Va., and Capitala Finance Corp., a business development company in Charlotte, N.C.
“Brunswick is a great fit for us,” said Michael Roher, managing partner of BlueArc’s private equity business. “We focus on investing in well-established, market-leading companies and helping them innovate and grow over time. The brand, the products and the management team all demonstrate the high-performance attributes we seek within our portfolio companies.”
“Brunswick Bowling Products has been known for quality products and innovation for 125 years,” said Brent Perrier, chief executive officer of Brunswick Bowling Products. “We’re excited to be associated with BlueArc. Throughout the sale process BlueArc was the obvious choice of our management team. Their commitment to our business is a very positive sign to the entire industry.”
“We are pleased that the buyers are long-term investors and that the Brunswick name and all that it stands for will carry on and continue to set the standard in the bowling industry,” explained Brunswick Chairman and Chief Executive Officer Dustan McCoy.”
Headquarters will remain in Muskegon, Mich., with manufacturing operations in Szekesfehervar, Hungary, and Reynosa, Mexico.