Shearwater Research Inc.
Bruckmann, Rosser, Sherrill & Co. L.L.C. has acquired Shearwater Research Inc.
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Bruckmann, Rosser, Sherrill & Co. L.L.C. has acquired Shearwater Research Inc. MNP Corporate Finance Inc. was the exclusive financial advisor to Shearwater Research Inc. in structuring and negotiating this transaction.
Transaction Brief
This transaction allowed the shareholders of Shearwater Research Inc. (Shearwater) to implement their succession strategy while ensuring the continued growth and success of Shearwater for stakeholders and employees alike.
Headquartered in Richmond, B.C. and founded in 2004 by Bruce and Lynn Partridge, Shearwater designs powerful dive computers with simple, intuitive user interfaces. Through fanatic customer service, technical excellence, and extensive innovation, Shearwater has become a global market leader in the dive computer industry. Shearwater's products are sold globally in 90 countries through a network of over 550 dealers and specialty dive shops, and directly to rebreather original equipment manufacturers.
Bruckmann, Rosser, Sherrill & Co. L.L.C. (BRS) is a New York-based private equity firm with combined capital invested of $1.2 billion, specializing in management buyouts and recapitalizations of high quality, lower middle-market companies. BRS targets companies with strong market positions in attractive market niches within the consumer and industrial sectors. Since 1996, BRS has purchased more than 50 portfolio companies for aggregate consideration of over $6.9 billion.