Bright International Corporation Has Been Acquired by Aterian Investment Partners
HOUSTON, August 15, 2019 -- GulfStar Group ("GulfStar"), a leading middle market investment bank, is pleased to announce that Bright International Corporation ("Bright") has been acquired by Aterian Investment Partners ("Aterian"). GulfStar served as the exclusive financial advisor to Bright throughout the transaction, which closed on August 9, 2019.
Bright is the dominant North American formulator and contract manufacturer of hair bleach and depilatory powders for leading global beauty brands, with a long-standing reputation for product quality, consistency and extraordinary customer service levels.
Aterian is an operationally-focused middle market private investment firm with over $700 million in committed capital under management, providing resources to further enhance operations, growth and investment initiatives. The firm invests in businesses generating $25 million to $500 million of annual revenue with strong, proven franchises. Aterian, in partnership with management, seeks to focus on the critical growth, operational and liquidity initiatives of a business in an effort to drive value creation for all stakeholders.
"Bright represents GulfStar's fifth consumer-oriented contract manufacturing transaction in the past four years, further corroborating our long-term thesis regarding the increasing strategic importance of value-added manufacturing partners for both scaled and emerging consumer packaged goods (CPG) leaders," said Scott Winship, managing director at GulfStar. "Monumental changes in the consumer marketing paradigm have permanently re-shaped the CPG competitive landscape, driving global brands to direct investment spending away from capital-intensive manufacturing activities and towards significantly more sophisticated and multi-modal marketing efforts. Bright stands out as a clear enabler and demonstrated beneficiary of this powerful shift in supply chain strategy."
The GulfStar team was led by Managing Director Scott Winship and Senior Vice President Ben Stanton.
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About GulfStar Group
GulfStar is a leading middle market investment bank headquartered in Houston. GulfStar specializes in providing merger and acquisition advisory services, institutional private placements of equity and debt, and general corporate finance advisory services to companies with revenues or enterprise values generally ranging from $25 million to $350 million. Since its formation in 1990, GulfStar has completed more than 680 transactions in 35 states and 16 foreign countries across a variety of industries.