Seller: The Brown Corporation
Transaction Type: Minority Buyout
Industry: Automotive
Headquarters: Ionia, MI
Overview: The Brown Corporation of America, Inc. manufactures automotive instrument panel reinforcements. The Company specializes in complex structural steel components and complex weld assemblies, such as instrument panels, seat frames and lawn mover decks. It offers exterior decorative products and functional parts that support the vehicle structures and systems, as well as crossbar beam assemblies and body-in-white sub assemblies.
Buyer: Thayer Hidden Creek
Headquarters: Washington, D.C.
Overview: Thayer Capital Partners, a strategically focused private equity investment firm based in Washington, D.C., manages three private equity funds totaling $1.5 billion. The firm manages middle-market leveraged buyouts in the industrial products and services sectors.