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Bregal Sagemount was founded not just to invest in growing companies, but to help companies grow.

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Bradford Airport Logistics Announces Significant Strategic Equity Investment from Bregal Sagemount to Support Growth

Date: September 12, 2023
Category: Portfolio news
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Houston, TX -- Bradford Airport Logistics (“Bradford” or the “Company”), a leading provider of advanced logistics services to airports and other transportation hubs through its proprietary Centralized Receiving and Distribution Centers (“CRDC”) model

Today announced that it received a significant growth equity investment from Bregal Sagemount (“Sagemount”), a leading private equity platform with a focus on growth investments in the United States and Europe.

The investment will help Bradford pursue enhanced domestic growth opportunities, deploy a new global-growth initiative, and support capabilities in Design-Build-Finance-Operate-Manage models for CRDCs. In addition, the partnership with Sagemount will allow for capital to be easily deployed as future opportunities materialize.

Bradford’s new partnership will further bolster the Company’s technology investments, including both the implementation of Bradford’s AMIS™ NextGen system solutions for the latest generation of CRDC operations as well as R&D towards further technology enhanced solutions. Bradford’s key stakeholders, including new and existing customers in the CRDC ecosystem will benefit from advanced technological solutions that help enable resiliency of systems, automate labor-driven processes, and enhance capabilities to track and manage CRDC workflows for optimal performance.

"We are thrilled to welcome the talented Sagemount team during an exciting period of growth. I am impressed with Sagemount’s alignment and recognition of the importance of our culture, our unique organizational structure, and our innovative methods for engaging our customers. The industry has grown accustomed to Bradford’s technological advancements; however, we believe the best is yet to come. Sagemount’s commitment to collaborate with entrepreneurs to create value by leveraging their Growth Factors team promises to be a catalyst for our continued great success."

Benjamin Richter

Founder and Chairman - Bradford

"Our team is committed to helping Bradford continue to execute its innovative vision and realize its growth potential in the coming years. The Company has worked tirelessly to build a resilient, enduring, and loyal customer base and has created an exceptional culture among employees. Their success is reflected in the impressive proliferation of their CRDCs across airports worldwide and in their unmatched customer satisfaction rankings. Sagemount was founded not just to invest in growing companies, but to help companies grow. We believe there is an exceptional opportunity to have our Growth Factors team, with their experience and expertise, assist Bradford as they create enduring value."

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Michael Kosty

Partner and Co-founder - Sagemount

Sagemount’s investment was led by Michael Kosty, Harrison Brunelli, Steve Dorsey, and Stephanie Li. The investment was further supported by Curt Witte, Partner and Head of Growth Factors, and members of the Growth Factors team.

"During our partnership the Company more than doubled its book of business through the most difficult time in commercial aviation history while maintaining exceptional customer service standards. We know Bradford will go on to do great things in the next chapter."

Matt Salsbury

Senior Vice President and Principal - BBH Capital Partners

Imperial Capital served as the exclusive financial advisor to Bradford in the transaction. John E. Mack III, Executive Vice President and Co-Head of Investment Banking, served as the lead banker on the team.

Sidley Austin, LLP represented Bradford in this transaction for legal services. Goodwin Proctor LLP and Allen & Overy LLP represented Sagemount. Additional financing was provided by MUFG, ING, and Barings.

About Bradford Airport Logistics:

Bradford was formed in 2000 with an exclusive focus on airport logistics within the global aviation industry. Bradford’s turnkey services include technology, security, supply chain management, and consultancy. Bradford currently operates twenty-two airport contracts in the U.S. and a joint venture at London Heathrow in the UK for the operations of CRDCs. Through the CRDC the company provides screening of all consumable goods entering the airport terminal complex to increase security and enhance and optimize logistics to achieve our purpose to “Help Airports Run Great”.

About Bregal Sagemount:

Bregal Sagemount is a leading growth-focused private capital firm with more than $6.8 billion of cumulative capital raised. The firm provides flexible capital and strategic assistance to market-leading companies in high-growth sectors across a wide variety of transaction situations. Bregal Sagemount has invested in over 70 companies in a variety of sectors, including software, information / data services, financial technology & financial services, digital infrastructure, healthcare IT, and business & consumer services. The firm has offices in New York, Palo Alto, and Dallas. For more information, visit the Sagemount website: www.sagemount.com or follow us on LinkedIn.

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