Peterson and Laczniak form new PE firm

Bel Air Growth Partners to focus on buying small businesses

Experienced private equity investors Steve Peterson and Steve Laczniak are leaving Milwaukee private equity firm Brass Ring Capital to form a new private equity outfit, Bel Air Growth Partners LLC.

Peterson

Bel Air has offices in Milwaukee and Los Angeles. It will focus on buying small companies of between $500,000 and $5 million EBITDA.

David Raffel and Will Grindell will continue to operate Brass Ring Capital, which also focuses on small businesses with revenue of between $5 million and $50 million. Peterson and Raffel co-founded the firm in 2003. Since then, Brass Ring has raised and deployed two funds into 16 transactions that totaled $43.2 million in capital.

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Molly Dill, former BizTimes Milwaukee managing editor.

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