Sound Growth Partners (SGP) announced its majority recapitalization of BARS. And SGP provided all the capital required to complete the transaction via SGP’s One-Stop Buyout structure.
Based in Lakewood, CO, BARS is the leading provider of in-store, ID check compliance services for convenience and grocery stores in the U.S. and Canada. Founded in 1997, BARS has combined a mission-driven philosophy with high-quality service to ensure its customers serve consumers responsibly.
Sound Growth Partners is a Seattle-based private equity firm investing in clear market leaders within the lower middle market. SGP provides all the necessary capital to close a transaction. The firm invests in companies with $2 million to $15 million of EBITDA in niches within the Consumer Products, Business Services, Distribution, and Light Manufacturing industries.
KEY QUOTE:
“BARS has spent decades providing a unique and valuable service to tens of thousands of locations around the country. We appreciate the opportunity to partner with David Gaudet and Richard Wright and are excited about the future at BARS.”
Travis Steele, Partner at SGP
