Brookside Capital Partners is pleased to announce its investment in Stueve Construction (“Stueve”). Founded in 1958 and headquartered in Algona, IA, Stueve is the market-leading provider of design, engineering and construction services for fertilizer storage solutions. Over the course of more than 65 years, Stueve has established itself as a trusted partner to some of the country’s largest and most sophisticated agribusinesses and also invented the “rodless” dry fertilizer storage facility, which is now the industry standard for all large, dry fertilizer storage facilities.
Brookside Capital Partners provided unitranche debt and an equity co-investment to support the buyout of Stueve by Sound Growth Partners, LLC, a Seattle-based private equity firm that invests in niche market leaders within the lower middle market using their One-Stop Buyout™ approach.
“We are grateful for the opportunity to partner with Sound Growth Partners and look forward to supporting them and the Stueve Construction management team as the company enters its next phase of growth,” said Nicholas Ganias, Partner at Brookside Capital Partners.
About Brookside Capital Partners
Brookside has invested $1.3 billion since its founding in 2001. We are a leading provider of flexible capital solutions to lower middle-market companies, typically in the form of subordinated debt, unitranche loans and minority equity co-investments. Brookside generally invests $5 million to $30 million per transaction and has the resources to complete larger transactions, as well, by partnering with limited partners and associates. As a firm, we believe in partnership, collaboration, and achieving results together. We value the relationships with our sponsor and management partners and seek to find credit solutions that work for each unique situation. We deliver on our promises.
Please contact us or visit our website at brooksidecp.com for additional information. We welcome investment proposals and promise a prompt and confidential response.