BlueArc Capital Management, a private investment firm based in Atlanta, Georgia, acquired Brunswick Bowling Products in 2015. Brunswick, the worldwide market leader in bowling products, is based in Muskegon, Michigan. The acquisition was completed with investments from Gladstone Investment Corporation and Capitala Finance Corp. BlueArc continues to produce bowling balls under the Brunswick and DV8 brand names.
Characteristics | Values |
---|---|
Date of acquisition | May 2015 |
Buyer | BlueArc Capital Management |
Buyer's location | Atlanta, Georgia |
Buyer's type | Private investment firm |
Seller | Brunswick Corporation |
Seller's location | Lake Forest, Illinois |
Seller's type | Corporation |
Product line | Bowling equipment and products |
Product line's location | Muskegon, Michigan |
Product line's manufacturing operations | Szekesfehervar, Hungary, and Reynosa, Mexico |
Product line's brands | Brunswick, DV8, Radical, Ebonite, Columbia 300, Hammer, and Track |
Financing | Debt, equity, and secured debt provided by Gladstone Investment Corporation |
Additional investments | Capitala Finance Corp. |
What You'll Learn
- BlueArc Capital Management acquired Brunswick Bowling Products in 2015
- Brunswick Corporation sold its bowling equipment and products division to BlueArc Capital
- BlueArc Capital is a private investment firm based in Atlanta, Georgia
- The acquisition was financed by Gladstone Investment Corporation and Capitala Finance Corp
- Brunswick Corporation is an American company that manufactures a wide variety of products
BlueArc Capital Management acquired Brunswick Bowling Products in 2015
BlueArc Capital Management, a private investment firm based in Atlanta, Georgia, acquired Brunswick Bowling Products in 2015. The acquisition was financed by debt provided by Gladstone Investment Corporation and Capitala Finance Corp.
Gladstone Investment Corporation is a publicly traded business development company based in McLean, Virginia, and Capitala Finance Corp is a business development company based in Charlotte, North Carolina.
BlueArc Capital Management focuses on investing in well-established, market-leading companies, helping them innovate and grow over time. Brunswick, the worldwide market leader in bowling products, is based in Muskegon, Michigan, with manufacturing operations in Szekesfehervar, Hungary, and Reynosa, Mexico.
The acquisition of Brunswick Bowling Products by BlueArc Capital Management was a natural fit for the investment firm, as Brunswick's brand, products, and management team aligned with the high-performance attributes sought by BlueArc within its portfolio companies.
The acquisition of Brunswick Bowling Products marked the completion of Brunswick Corporation's exit from the bowling business, as the company chose to focus on its core Marine and Fitness businesses.
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Brunswick Corporation sold its bowling equipment and products division to BlueArc Capital
Brunswick Corporation, the company behind the popularisation of bowling as a sport, has sold its bowling division to BlueArc Capital Management. Brunswick's bowling division included bowling equipment and products, such as bowling balls, pins, and lanes, as well as bowling centers.
In 2014, Brunswick announced its intention to leave the bowling business, surprising many as bowling was what the company had been most closely associated with for over a century. The company agreed to sell its bowling center business to Bowlmor AMF (now known as Bowlero Corporation) for $270 million.
In May 2015, Brunswick completed its exit from the bowling industry with the sale of its bowling equipment and products division to BlueArc Capital Management, a private investment firm based in Atlanta, Georgia. BlueArc completed the acquisition with investments from Gladstone Investment Corporation and Capitala Finance Corp.
BlueArc continues to produce bowling balls under the Brunswick and DV8 brand names and has since acquired Ebonite International and all of its bowling product brands.
The sale of Brunswick's bowling division to BlueArc Capital Management marked the end of an era for a company that had been synonymous with bowling for over a century.
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BlueArc Capital is a private investment firm based in Atlanta, Georgia
BlueArc Capital's acquisition of Brunswick Bowling in 2015 is a testament to their investment strategy. By purchasing the bowling equipment and products division from Brunswick Corporation, BlueArc added a well-established and market-leading company to its portfolio. This move demonstrated BlueArc's commitment to investing in and growing innovative businesses.
The buyout of Brunswick Bowling was financed by Gladstone Investment Corporation, which provided equity and secured debt, and Capitala Finance Corp., a business development company in Charlotte, North Carolina. BlueArc continues to produce bowling equipment under the Brunswick brand, a name synonymous with quality and innovation in the bowling industry.
BlueArc Capital Management, LLC, registered with the SEC as an adviser since 2014, operates as an investment advisory firm. The firm manages a significant amount of regulatory assets for client accounts, with assets under management (AUM) of $538.8 million. BlueArc provides portfolio management services for pooled investment vehicles and the selection of other advisers, focusing on exchange-traded securities and cash and cash equivalents as primary investment types.
With a dedicated team of professionals, BlueArc Capital continues to seek out new investment opportunities and partnerships, driving growth and innovation in various industries, including bowling.
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The acquisition was financed by Gladstone Investment Corporation and Capitala Finance Corp
In May 2015, BlueArc Capital Management, a private investment firm based in Atlanta, Georgia, acquired Brunswick Bowling Products. The acquisition was financed by investments from Gladstone Investment Corporation, a publicly traded business development company in McLean, Virginia, and Capitala Finance Corp., a business development company in Charlotte, North Carolina.
Gladstone Investment Corporation provided equity and secured debt for the acquisition, while Capitala Finance was also involved in the transaction. The acquisition of Brunswick Bowling Products by BlueArc Capital Management was part of Brunswick Corporation's exit from the bowling business, which was announced in July 2014. Brunswick Corporation sold its bowling centre business to Bowlmor AMF (now known as Bowlero Corporation) in September 2014 and completed the sale of its bowling equipment and products division to BlueArc Capital Management in May 2015.
Gladstone Investment Corporation is a publicly traded business development company that invests in debt and equity in small and mid-sized businesses. The company is a BDC that trades on Nasdaq under the symbol GAIN. On the other hand, Capitala Finance Corp. is a business development company that primarily invests in mezzanine, senior subordinated and unitranche debt, as well as senior and second-lien loans. It also invests in equity securities issued by lower and traditional middle-market companies.
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Brunswick Corporation is an American company that manufactures a wide variety of products
Brunswick Corporation is a global leader in marine recreation, offering a range of recreational boats, marine engines, and related parts and accessories. The company's boat brands include Boston Whaler, Sea Ray, Bayliner, and Lund, among others. In the marine propulsion category, Brunswick's brands include Mercury Marine, Mercury Racing, and MerCruiser. The company also has a comprehensive collection of parts, accessories, distribution, and technology brands, such as Mercury Parts & Accessories, Land 'N' Sea, Lowrance, and Whale.
In addition to its marine business, Brunswick Corporation has a long history in the bowling industry. The company began manufacturing bowling equipment, including wooden lanes, pins, and balls, in the 1880s. However, in 2014, Brunswick announced its intention to exit the bowling business and sold its bowling center business to Bowlmor AMF (now known as Bowlero Corporation). The company completed its exit from the bowling business in 2015 with the sale of its bowling equipment and products division to BlueArc Capital Management, a private investment firm.
Brunswick Corporation has also ventured into other product categories throughout its history. In the early 20th century, the company expanded its product line to include diverse items such as toilet seats, automobile tires, and phonographs. During World War II, Brunswick supplied the military with small target-drone aircraft, and after the war, they introduced a line of school furniture. More recently, Brunswick has focused on its core marine and fitness businesses, with fitness equipment brands such as Life Fitness, Hammer Strength, and Parabody.
With its diverse range of products and continuous innovation, Brunswick Corporation has established itself as a leading American company, committed to transforming experiences for its customers.
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Frequently asked questions
Yes, BlueArc Capital Management, a private investment firm based in Atlanta, Georgia, acquired Brunswick Bowling Products in 2015.
Brunswick Bowling & Billiards was a business segment of Brunswick Corporation that included bowling equipment and products, as well as bowling centers.
BlueArc Capital Management acquired Brunswick Bowling Products in May 2015.