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Article: Not the turnaround guys: in the red-hot field of private equity, Mike Moran and Peter Brockway buy success not bottom-feeders.(m & a)
- Article from:
- South Florida CEO
- Article date:
- October 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 CEO Publishing Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A manufacturer of bird feeders called Perky-Pet. A renowned health club chain. A circuit-board maker with customers including Cisco Systems Inc. and IBM Corp. A builder of aerospace components.
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These dissimilar businesses have one indelible link: Boca Raton-based private equity firm Brockway Moran & Partners Inc., which owns or has owned them. Partners Peter C. Brockway and Michael E. Moran look to buy businesses not unlike their own: successful entrepreneurial companies ready to expand.
"Some people are turnaround guys. They go into companies and try to fix them up. That's not our style," Brockway says. "We are looking ...