Since its initial acquisition by Behrman Capital VI in 2021, Shurco has scaled operations through organic growth and five strategic add-on acquisitions. Under the leadership of CEO Chad Heminover, the company has diversified its product portfolio and extended its reach across the agriculture, construction, and waste management sectors. This latest financial move provides the necessary capital to continue that trajectory, with Behrman Capital VII also making a significant direct investment alongside the new vehicle.
Behrman Capital Closes $250 Million Vehicle for Shurco Expansion
New York-based private equity firm Behrman Capital has finalized a $250 million continuation vehicle to support the next growth phase of Shurco, a specialist in cargo covering and control systems. The transaction, led by Coller Capital, allows the firm to maintain its stake while fueling further acquisitions and market expansion.
Managing Partner Simon P. Lonergan noted that the structure allows both legacy and new investors to capitalize on Shurco’s performance. The move marks the firm's third GP-led secondary transaction, following similar deals for Micross Components and Behrman Capital III. Robert W. Baird & Co. acted as financial advisor, with legal counsel provided by Ropes & Gray, Latham & Watkins, and Kirkland & Ellis.
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