Private Equity Firm Completes Investment in BCI Burke
WASHINGTON, D.C. – JUNE 1, 2017 – The Halifax Group (“Halifax”) announced today that it has completed an investment in BCI Burke (“Burke” or “the Company”), a leading designer and manufacturer of commercial playground equipment. Halifax is investing alongside the Company’s management team, which will retain a meaningful ownership position. Terms of the transaction were not disclosed.
Burke, headquartered in Fond du Lac, Wisconsin, makes play systems, fitness and recreation products for schools, municipalities, child care centers and housing associations nationwide and is known for product innovation, customer service and product quality
The management team, led by CEO Michael Phelan, will remain with the company.
“We are delighted to join forces with Halifax to execute our shared strategy for success,” said Phelan. “Their extensive financial and operational resources, and their proven ability to work alongside management teams, will be invaluable as we introduce new products, move into new territories, and focus on building our business.”
“We are enthusiastic about Burke’s differentiated platform in the growing commercial playground market,” said Scott Plumridge, Partner at Halifax. “Mike and his team have successfully fostered a passionate, entrepreneurial culture at Burke. We believe the Company is poised for continued expansion due to an increasing focus on healthy play options for children and adults. We’re pleased to bring our expertise and resources to the Burke business.”
About BCI Burke
Our mission is to bring Play That Moves You to communities around the world and connect people through play. As we advance the play movement, we are driven to continuously design inspiring products and play environments to bring a higher level of play to the communities we serve. We provide a variety of playground and park equipment, including climbers, slides, swings, site amenities, park furniture and sports equipment to Parks & Recreation departments, municipalities, schools, daycare, churches, apartment complexes, childcare centers and children’s museums. Join our movement at bciburke.com and see how play can move you!
About The Halifax Group
The Halifax Group is a private investment firm that partners with managers and entrepreneurs to recapitalize and grow middle-market businesses across a variety of industries, including health and wellness, outsourced business services, franchising and infrastructure. The firm maintains offices in Washington, D.C.; Dallas, TX; and Raleigh, NC. For more information, please visit www.thehalifaxgroup.com.
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