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.
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.
