Las Vegas, NV – Brady Industries (“Brady”), a leading cleaning solutions provider, announced that it has sold a majority interest to Alvarez & Marsal Capital (“A&M Capital”), a middle-market private equity firm with a strategic association with Alvarez & Marsal (“A&M”).
Founded in 1947 and led by CEO Travis Brady, Brady is a premier cleaning solutions provider with a large presence in the Western United States. Based in Las Vegas, the Company operates 15 locations throughout Nevada, Utah, Arizona, Idaho, New Mexico, Colorado, Maryland, California and Texas. Brady partners with its customer to provide unique and integrated services, expertise, and technical support across a wide-range of janitorial and food service supplies and equipment. Brady provides these specialized solutions to customers in hospitality, education, healthcare, government, facility services and various other end-markets.
“We are proud to partner with Travis and are excited as we look to the future at Brady Industries,” said Jack McCarthy Jr., Senior Managing Director and Co-Founder of A&M Capital. “Brady maintains a leading position in its core markets, and we look forward to working alongside the Brady management team to continue its track record of strong growth and customer satisfaction.”
“We have known Travis for several years and are excited to work with him to drive Brady’s next chapter of growth together,” said David Perskie, a Managing Director of A&M Capital. “We believe we will be able to provide Brady with the infrastructure and capital necessary to expand its geographic reach and product offering, both organically and through strategic acquisitions. Travis and senior members of the management team will own a meaningful equity stake in the Company, which reflects the aligned spirit of our partnership and enables us to all share in the future value creation of the Company together.”
“Over the past 70 years, Brady has grown from a small local janitorial supply company to a respected industry leader across multiple regions,” said Travis Brady, CEO. “I first met A&M Capital over 5 years ago when we were looking for a partner to help with the growth and development of Brady Linen Services. A&M Capital proved to be great partners for the linen services business, and I am thrilled to partner with them again. A&M Capital shares the same culture, values and strategic vision that we have at Brady, and brings additional operational and financial resources that help will further our growth objectives while continuing to deliver the same best-in-class cleaning solutions to our customers. We have a tremendous opportunity and an exciting plan to accelerate our growth in partnership with A&M Capital.”
Ballard Rawson Jorgensen advised Brady Industries on the transaction. Winston & Strawn provided legal counsel to A&M Capital.
Brady has been pioneering the way products and solutions are delivered to facility and foodservice professionals for more than 70 years. At the heart of Brady’s operation is a community-minded culture driven by a workforce of more than 350 employees currently in 15 locations throughout Nevada, Utah, Arizona, Idaho, New Mexico, Colorado, Maryland, California and Texas including its Las Vegas, Nevada headquarters.
Brady’s approach to partnership is unique by providing integrated customer support, expertise, technical support, and service across a full spectrum of customer needs including extensive facility offerings, complete dish machine and laundry machine service, equipment sales, rentals and service and foodservice supplies. Brady provides these specialized solutions for customers in key commercial market segments including hospitality, education, healthcare, government, building service contractors and more. More information on Brady can be found on the Company’s website, www.bradyindustries.com.