Bradco Supply draws investor
New York-based Apollo Management LP, a private equity, debt and capital markets investor, has made a strategic investment in Bradco Supply Corp., Avenel, N.J. Terms of the transaction were not disclosed.
Bradco Supply recently was recognized as the 200th largest private company in the U.S. by Forbes magazine. The company has more than 150 branches in 30 states.
"We are happy for the relationship with Apollo Management," says Barry Segal, founder and chairman of Bradco Supply. "In a short period of time, we have become comfortable with the chemistry and see this as a great opportunity to significantly grow the company."