Brentwood Associates Announces Sale of Bell Automotive Holdings, Inc
Business Wire, Dec 9, 2004
LOS ANGELES -- Brentwood Associates ("Brentwood"), one of the nation's leading private equity firms, today announced it had completed the sale of Bell Automotive Holdings, Inc. ("Bell Automotive" or the "Company") to existing management and an investment group led by JH Partners, LLC for more than $60 million. Based in Scottsdale, Arizona, Bell Automotive is a leading supplier of automotive convenience accessories, which include air fresheners, drink holders, cargo racks, cell phone accessories, license plate frames, seat and steering wheel covers and other products which are sold at major nationwide retailers such as Wal*Mart, Target and major automotive supply chains.
Brentwood, along with management partners Terry Lee and Mary George, formed Bell Automotive in February 2000 to pursue a growth strategy in the automotive accessories industry following a successful partnership at Bell Sports Corp. Bill Barnum, a general partner at Brentwood, commented: "The sale of Bell Automotive consummates a very successful investment for Brentwood's investors. In partnership with management, we were able to leverage our expertise in branded consumer products and global sourcing. By combining the power of the Bell brand with a manic focus on product cost savings and operational execution, we were able to create a leader in the automotive accessories channel with a sustainable advantage. We are very proud of the accomplishments to date and believe the prospects for Bell Automotive are bright." Ed McCall, general partner, further added, "Our investment philosophy is centered first and foremost on management. Our investment in Bell Sports produced an exceptional result, and we saw further opportunity to partner with this outstanding management team. Bell Automotive is the second chapter in an ongoing partnership with more to come."
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Bibliography for "Brentwood Associates Announces Sale of Bell Automotive Holdings, Inc."
"Brentwood Associates Announces Sale of Bell Automotive Holdings, Inc". Business Wire. Dec 9, 2004. FindArticles.com. 02 Jan. 2008.
http://findarticles.com/p/articles/mi_m0EIN/is_2004_Dec_9/ai_n8552883.
Additional Information
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