Brightstar Capital Partners Closes Investment in Texas Water Supply Company

SAN ANTONIO, TEXAS, October 10, 2017 – Texas Water Supply Company, LLC (“TWS”), which operates approximately 40 wells serving San Antonio and the surrounding Hill Country region, announced today that it has received a significant capital investment from Brightstar Capital Partners (“Brightstar”), a private investment firm that partners with closely held companies in the business services, industrial services, and consumer sectors. The new capital will enable TWS to expand its production capacity to serve the growing water needs of the central Texas Hill Country region.

TWS, founded in 1999, supplies the San Antonio Water System from well fields that draw water from the Middle Trinity Aquifer. The Company’s current well fields have an annual production capacity of over 32,000 acre-feet of potable water.

Trip duPerier, a Director of TWS, commented, “We are pleased that Brightstar is making this vital investment of capital and expertise to support the rapid growth of the Texas Hill Country region and to help us realize the long-term potential of Texas Water Supply Company. The additional capital will allow us to expand our water delivery capacity and ensure a sustainable water supply for municipalities, commercial and residential customers in fast-growing Hill Country communities.”

“The Texas Water Development Board estimates a water shortfall of 221 thousand acre-feet per year by 2030 in the Hill Country – one of the fastest growing regions in the nation by population growth,” noted Dr. Raul Deju, a Brightstar Senior Partner who has a Ph.D. in Hydrology and extensive groundwater development experience. He added, “Brightstar’s investment will enable TWS to help close that gap and further the region’s development.”

“TWS is Brightstar’s second platform investment, both in the State of Texas,” said Andrew Weinberg, Brightstar Founder and Managing Partner. “TWS is an excellent fit with our strategy of investing in closely held businesses where we can apply our capital, technical knowledge, and operating experience to drive growth and value-creation.”

About Brightstar Capital Partners

Brightstar Capital Partners is a private equity firm focused on investing in closely held companies. Brightstar seeks partnership opportunities with exceptional management teams where it is uniquely positioned to drive value creation. Brightstar seeks control investments and employs an operationally intensive approach to investing that leverages its extensive experience and relationship network. For more information please visit www.brightstarcapitalpartners.com or @BrightstarCap.

MEDIA CONTACT:

Ted Smith/Shree Dhond/Zach Kouwe
Dukas Linden Public Relations
212-704-7385
brightstar@dlpr.com

Brightstar Capital Partners Founder and Managing Partner Andrew Weinberg and Senior Partner Tom Meredith to Speak at 2017 Milken Institute Global Conference

NEW YORK and LOS ANGELES, April 25, 2017 – Brightstar Capital Partners, a private equity firm that invests primarily in closely held North American middle market companies with a focus on being an operationally value added partner, is pleased to announce that two of its senior members will be speaking at the 2017 Milken Institute Global Conference taking place April 30 through May 3, 2017 in Los Angeles.

Andrew Weinberg, Brightstar’s Founder and Managing Partner, will participate in a panel on “The Evolution of Value Creation in Private Equity” that will explore the role of private equity in the prevailing economic environment and the factors driving the value creation process. He will be joined by several other prominent panelists, including John Connaughton, Co-Managing Partner of Bain Capital; Jim Fordyce, Co-CEO of Stone Canyon Industries; and Jim Pittman, Senior Vice President-Private Equity, bcIMC (Moderator). The panel, on May 1, 2017, is by invitation only.

In addition to Mr. Weinberg, Brightstar Senior Partner Tom Meredith will also be participating in a panel focusing on how social entrepreneurs experiment with different strategies and creative approaches to philanthropy. The panel, “Leverage: How Philanthropies Use New Tools to Create Change,” will take place on May 3. Mr. Meredith is a former Senior Vice President of Business Development and Strategy and Chief Financial Officer of Dell Inc.

“I’m excited to be participating in a discussion at the Milken Institute Global Conference that will examine the rationale for private equity as a means of value creation, and the way PE strategies are evolving to meet the needs of investors in a dynamic marketplace,” Mr. Weinberg said.

About Brightstar Capital Partners

Brightstar Capital Partners is a New York-based private equity firm focused on investing in closely held, middle market companies. Brightstar seeks partnership opportunities with exceptional management teams where it is uniquely positioned to drive value creation. Brightstar employs an operationally intensive approach to investing that leverages its extensive experience and relationship network. The firm seeks to invest $50 million to $250 million in each portfolio company over the course of its investment. For more information please visit www.brightstarcapitalpartners.com or @BrightstarCap.

MEDIA CONTACT:

Zach Kouwe/Shree Dhond
Dukas Linden Public Relations
212-704-7385
brightstar@dlpr.com

Brightstar Capital Partners Completes Acquisition of Global Resale, LLC

AUSTIN, TEXAS and NEW YORK, March 31, 2016 – Brightstar Capital Partners (“Brightstar”) announced today that it has acquired a majority ownership of Global Resale, LLC (“Global Resale” or the “Company”) in partnership with the Company’s founder and CEO, Jeff Zeigler. Global Resale is a leading, global provider of aftermarket services and reverse logistics, focused on resale, buyback, and disposition of technology devices. As part of the transaction, Brightstar has initially committed $50 million to Global Resale to fund the Company’s growth.

“Global Resale is a recognized leader in this space and has an impressive team with a track record of operational excellence. Having known Zeigler for over a decade, I am confident that he is the right operator to lead this business, and I am excited about the future of this partnership,” said Brightstar Senior Partner Tom Meredith, who will serve as Chairman of Global Resale’s board.

“We are extremely excited about entering the next phase of our Company’s growth,” said Zeigler. “With the combination of Brightstar’s capital, Tom’s knowledge of IT and supply chain businesses, and Andrew’s expertise within the mobile reverse logistics space, we are optimally positioned to build on Global Resale’s strong foundation and expand the scope of offerings for our business partners.” Global Resale will use the capital infusion to broaden its geographic footprint, launch new online marketplaces, and expand its service offerings across various product categories. The Company is currently completing a state-of-the-art services and refurbishment center in a legacy Dell Manufacturing facility at its Austin headquarters.

Meredith brings extensive experience to the team himself, having served as CFO of Dell for nearly a decade, co-founded Dell Financial Services and Amdahl Capital Corporation in addition to having held other senior positions at Motorola and Sun Microsystems. Zeigler and Meredith will be joined on the board by Brightstar Capital Partners’ Managing Partner, Andrew Weinberg, who brings substantial experience in the mobile reverse logistics space. Weinberg previously served as Chief Operating Officer and Chief Strategy Officer of Brightstar Corporation (now a subsidiary of SoftBank Group Corp).

“We are extremely excited about entering the next phase of our Company’s growth,” said Zeigler. “With the combination of Brightstar’s capital, Tom’s knowledge of IT and supply chain businesses, and Andrew’s expertise within the mobile reverse logistics space, we are optimally positioned to build on Global Resale’s strong foundation and expand the scope of offerings for our business partners.”

Global Resale will use the capital infusion to broaden its geographic footprint, launch new online marketplaces, and expand its service offerings across various product categories. The Company is currently completing a state-of-the-art services and refurbishment center in a legacy Dell manufacturing facility at its Austin headquarters.

Brightstar expects significant growth for Global Resale, which targets a large addressable market in each of its core market segments. Brightstar’s assessment shows that the industry is well-positioned to benefit from the replacement of billions of connected devices around the world.

“I am thrilled about the wealth of experience and proven track record of success that industry veterans Jeff Zeigler and Tom Meredith will bring to this partnership,” added Weinberg. “We could not be happier with the team that we have assembled – Zeigler as CEO and Meredith as Chairman – to lead Global Resale.”

About Global Resale

Headquartered in Austin, Texas, Global Resale partners with manufacturers, carriers, resellers, and large corporate accounts to replace their devices faster and capture higher residual values. The Company sources technology assets, rebuilds and refurbishes the units, and sells them through online retail, reseller, and wholesale channels worldwide. For more information please visit Global Resale.

About Brightstar Capital Partners

Brightstar Capital Partners is a New York-based private equity firm focused on investing in closely held, middle-market companies. Brightstar seeks partnership opportunities with exceptional management teams where it is uniquely positioned to drive value creation. Brightstar employs an operationally intensive approach to investing that leverages its extensive experience and relationship network. The firm seeks to invest $50 to $300 million in each portfolio company over the course of its investment. For more information please visit www.brightstarcapitalpartners.com or @BrightstarCap.

MEDIA CONTACT:

Zach Kouwe/Shree Dhond
Dukas Linden Public Relations
212-704-7385
brightstar@dlpr.com