Update: Meet the Investors in Brunswick Bowling Products

by Bob Johnson 0

As we reported this morning, Brunswick Bowling Products has been acquired by BlueArc Capital Management LLC, an investment firm based in Atlanta, Ga.

BlueArc completed the acquisition with investments from Gladstone Investment Corporation, a publicly traded business development company in McLean, Va., and Capitala Finance Corp., a business development company in Charlotte, N.C.

The report prompted numerous inquiries about exactly who these companies are and what they do, as well as the future of Brunswick Bowling Products.

Brunswick’s employees were told Friday that, essentially, it will be business as usual for what is now a former division of Brunswick Corporation.

As Brunswick Chairman and Chief Executive Officer, Dustan McCoy, said, “We are pleased that the buyers are long-term investors and that the Brunswick name and all that it stands for will carry on and continue to set the standard in the bowling industry.”

Main investor BlueArc Capital Management was founded in 2005 by Ron Zazworsky Jr., and is a private investment firm that offers alternative asset management strategies for family office investors and select institutional partners. Through its private equity business, the firm makes control investments in middle-market companies across a wide range of industries.

Gladstone Investment Corporation is a publicly traded business development company that seeks to make debt and equity investments in small and mid-sized businesses in the United States in connection with acquisitions, changes in control and recapitalizations.

And Capitala Finance Corp. is a business development company that invests primarily in traditional mezzanine, senior subordinated and unitranche debt, as well as senior and second-lien loans and, to lesser extent, equity securities issued by lower and traditional middle-market companies. Capitala Finance Corp. is managed by Capitala Investment Advisors, LLC.

We’ll have much more on the sale of Brunswick Bowling Products in the July issue of Bowlers Journal International.

Bob Johnson

Bob Johnson has received more national writing awards than any other bowling writer — close to 70 over the course of his 40-year career. He began at age 16 as a staff writer and then assistant editor for the weekly Pacific Bowler newspaper in his native California, and within three years was writing feature stories for Bowlers Journal. He has written for the magazine ever since, except for a five-year span when he was hired as the founding editor of another magazine. He moved to Chicago in 2000 and spent 13 years in the Windy City, including five as Bowlers Journal’s Editor. In 1975, Johnson received the Robert E. Kennedy Award as California’s top undergraduate high school journalist. Five years earlier, on the lanes, he had shared the Bantam Division Doubles championship in the Orange County Junior Bowling Association Championships. Today, he continues to work full-time for Bowlers Journal as its Senior Editor, to write his popular “Strikes Me” column, and to edit Luby Publishing Inc.’s weekly business-to-business Cyber Report.

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