Non-public funding agency acquires Bobcat of St. Louis

Gateway Bobcat, primarily based in St. Louis, has been acquired by personal funding agency Brightstar Capital Companions.

The deal was made with the Gateway’s management crew, together with founder and CEO Dan Anich and President Mike Allen. Gateway and Brightstar mentioned the settlement kinds a partnership between the dealership and the fairness agency. Brightstar says it “companions with carefully held, family-owned center market corporations.”

“The Gateway Bobcat crew is delighted to be partnering with Brightstar to assist understand our potential for progress,” mentioned Anich. “Brightstar will carry further funding capital into the corporate, in addition to a confirmed monitor report of supporting enterprising companies via strategic pondering, expertise improvement, and operational, monetary and transactional experience.”

Gateway owns Bobcat of St. Louis, which sells, providers and rents new and used Bobcat and Doosan building tools at 11 areas in Missouri, Illinois, Indiana, Kentucky and Tennessee. It was based in 1990.

Brightstar says the deal marks the agency’s first acquisition below its new InfraServ US LLC, “which can function an industrial tools dealership and providers platform.”