BBH Capital Partners Completes Investment In Bradford Airport Logistics

March 05, 2019
  • Private Banking

BBHCP’s investment will be used to support Bradford’s significant pipeline of growth opportunities for CRDCs, both domestically and abroad.

New York, NY, March 4, 2019 – BBH Capital Partners (BBHCP) announced today that it has completed a growth equity investment in Bradford Airport Logistics (“Bradford”), a leading provider of advanced logistics services to airports and other transportation hubs through its proprietary Centralized Receiving and Distribution Centers (“CRDCs”). Bradford, headquartered in Houston, TX, provides logistics services and security screening of concessions and retail goods entering the airport terminal complex. BBHCP’s investment will be used to support Bradford’s significant pipeline of growth opportunities for CRDCs, both domestically and abroad.

“We are thrilled to welcome the talented BBHCP team during an exciting period of growth. With a long heritage as a privately-held, owner-managed partnership, BBH’s core pillars align perfectly with Bradford’s and we believe this will be a successful strategic and financial partnership," said Benjamin Richter, CEO and Founder of Bradford.

"We are excited to have the opportunity to partner with Bradford,” said Matthew Salsbury, Senior Vice President of Brown Brothers Harriman & Co. and Principal of BBHCP. “Ben and his management team have grown Bradford to be a clear market leader with an exceptional culture and have built an entrenched position with some of the most forward-thinking customers in the airport marketplace.  Our team is committed to providing patient capital and strategic resources to help support the next phase of growth for the company."

Imperial Capital served as the exclusive financial advisor to Bradford in the transaction.

 

About Bradford Airport Logistics

Bradford Airport Logistics (“Bradford”) was formed in 2000 and is exclusively focused on airport logistics within the global aviation industry. Bradford’s services include turnkey services, technology, security, supply chain management, and consultancy associated with the “command and control” over all consumable goods entering the airport terminal complex. Bradford currently operates in fourteen airports in the U.S. and operates the largest and most complex airport CRDC in the world (London Heathrow).

 

About BBH Capital Partners

BBH Capital Partners (“BBHCP”), a private equity strategy of Brown Brothers Harriman & Co., provides friendly capital solutions to growth-oriented middle-market companies. Our flexible investment mandate gives us the ability to act as a control or non-control investor and to structure our investments as a combination of equity and subordinated debt securities as needed. BBHCP typically invests between $30 million and $125 million per platform investment, and our capital is used to support a variety of transactions, including management or leveraged buyouts, growth financings, recapitalizations (including dividend recapitalizations), buy-and-build strategies and acquisitions.

 

About Brown Brothers Harriman

BBH is a privately held financial institution that has been a thought leader and solutions provider for more than 200 years. The firm serves individuals, families, businesses and institutions in its three business lines: Private Banking, Investment Management and Investor Services. BBH’s culture of accountability fosters deep and lasting relationships built on commitment, adaptability and trust. The company is independent, selective and specialized by design.

BBH Private Banking’s mission is to be the pre-eminent provider of advice and capital to private business owners and people of substantial wealth to help them create, transition, preserve and grow their wealth. The firm serves both corporate and private clients in the following products and services: Private Wealth Management, Corporate Advisory & Banking, and Private Equity.

BBH operates a global business with 18 locations, including Beijing, Boston, Charlotte, Chicago, Denver, Dublin, Grand Cayman, Hong Kong, Jersey City, Kraków, London, Luxembourg, Nashville, New York, Philadelphia, Tokyo, Wilmington and Zürich. For more information about Brown Brothers Harriman, please visit www.bbh.com.

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