NEW YORK, Jan. 21, 2020 /PRNewswire/ -- Simpson
Performance Products ("Simpson," "SPP" or the "Company"), a
portfolio company of New
York-based private equity firm, BRS & Co. ("BRS"),
acquired Clearwater Lights ("Clearwater") from its founder,
Glenn Stasky, who will become a
senior member of the SPP team and continue to lead the Clearwater
operation.
Based in Rancho Cordova,
California, Clearwater is a designer, assembler and marketer
of auxiliary LED light solutions for a variety of motorsport
applications. Built in a range of sizes, intensities and beam
angles, Clearwater's auxiliary lights are designed to improve
safety and to suit various riding styles.
Chuck Davies, CEO of Simpson,
said, "We are excited about the addition of the Clearwater Lights
brand to the Simpson portfolio and believe it to be a strong
strategic fit with Simpson's mission of providing best-in-class
safety gear for the motorsport industry. Partnering up with Glenn
will lead to more innovation over all our product ranges and
together we can get more people safer with Glenn's great
lights."
About BRS & Co.
BRS is a New York based private
equity investment firm with combined capital invested of
$1.2 billion, focused on investing in
lower middle market consumer goods and services businesses.
Since 1996, BRS has purchased over 50 portfolio companies for
aggregate consideration of over $6.9
billion. In addition, BRS portfolio companies have
completed over 40 add-on acquisitions. For more information, please
visit www.brs.com.
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SOURCE BRS & Co.