Apollo Management Makes a Strategic Investment in Bradco Supply
AVENEL, NJ - Apollo Management has made a strategic investment in Bradco Supply Corporation. Bradco, headquartered in Avenel, NJ and founded by Barry Segal in 1966, has more than 150 distribution branches located throughout the country and was recently recognized as the 200th largest private company by Forbes magazine. The terms of the transaction were not disclosed.
"We are happy for the relationship with Apollo. In a short period of time, we have become very comfortable with the chemistry and we see this as a great opportunity to significantly grow the company," said Barry Segal.
"The Segal family has built a world-class organization and we are proud to have the opportunity to forge this strategic partnership," said Matthew Constantino, a partner with Apollo. "Bradco has developed a reputation as a leader and innovator in its industry due to its highly talented management team and strong customer and supplier relationships."
Apollo is a leading private equity, debt and capital markets investor with more than 16 years of experience investing across the capital structure of leveraged companies. The firm employs more than 70 investment professionals and has offices in New York, London and Los Angeles. Since its inception, Apollo has invested over $16 billion in a wide variety of industries both domestically and internationally. The firm's most recent private equity fund and its co-investment affiliate have capital commitments of $11.6 billion.
Founded in 1966 in Avenel, NJ, Bradco Supply Corporation is one of the nation's leading distributors of roofing materials and complementary building products. The company operates over 150 branches in 30 states in the Northeast, Mid-Atlantic, Midwest, Central Plains, Southeast and Southwest regions of the United States.