PE Firm Invests Into BCD

By Sean Patton, Published Jun 29, 2021, 09:33am EDT (Info+)

BCD has received a significant private equity investment, to "support the company's aggressive growth plan".

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In this note, we explain the investment, based on a discussion with CEO Jeff Burgess, and examine the impact. For background, see our 2019 profile - BCDVideo Expansion And Switch From HP To Dell Examined.

Investment ********

*** ********** *** ** ******* ****** firm**** ******, ***** *** **** *** * minority **********, ***** ******* *** *** Jeff ******* **** ****** **% ********* and **** ****** **%. ************, **** Street **** **** * ***** ** BCD's ***** ** *********, **** *** maintaining *. ****** ****, *** *** not **** *** ******* *********.

*** **** *** ********** *** * valuation ** ~$** ******* ** *** company. **** ******** **** ******* ****** $100 ******* *** *** ***** **** last ****, **** ****** ** *-**% in ****, *******, **** *** ***** growth **** *** **-**% *** **** in *+ ***** ***-*****.

*** ************ **** ***** **** *** investment ********* *** ** "********** * partial ****************", ***** *** *********:

**** ******’* ******** ********** ** *** was ********* ** **** **** *** equity.

*** ********* (***** ** *******) ** understandable ***** **** *** ********* **** and ********** ***** ************'* ******** *** has ******* ************ *******.

Goal - ********** ******

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***'* *** *********** *** ********** *** *** ***** needing ****, *** ********* ******, ** they *** ******* ** ******* ********** growth ** ** - ** ***** current *******. ******* **** ** *** not ***** ** ***** **** *** company ** ***** $***+ ******* ******* without ******* ****, *** *** **** wary ** ******* ***********.

** ******** ****** **** ********* ** outside ********* *** *****, ********* ** a ******** ******, *** *** *** ready ** ***** *** *******.

Burgess ********** ********

******* **** ** ***** ** **** as *** ** *** **** *-* years *** **** ***** ** * succession **** ** *****. ****, *** presence ** **** ****** ******* **** help ** ******* ****-**** ********** *** strategy.

High ****** ********

**** ****** ********* ***** ** *******, ** ** BCD, ***** ******* ********** *** ******* presence *** * **** ******* *** with ***.******** ****** ********* ** **** ******.

******** *********** **** **** ****** *** not **********-******* *** ******-***** *** ******** established **********, ********* ********* ************ *******:

******** ******, ******* ** *******, *******, provides *********** *** ******** ********** *** finishing ******** ** *****, ************* **** builders ** *** ******* ******* ***. The *******’* ******* *** **** ****** by * ***** ** ******* *** customer ******* *** *********** ** * large *** ******* ******* ** ******* and *******-******** ************* ********.

*** * *****-***** ********* **** ****:

********* ********, ******* ** **** *****, Ohio, ** ** *********** **** **** producing *** ********** ****** *****, ******* and ***** ***** ******** ** **** operations ** * *****-***** ******

*******, *** **** **** **** ****** has * *** ********** **** **** was ******* ** ****** ** **********-******* companies **** ****-**** *******, *** ********. They ***** **** *** **** ******** has * ********** ** ************ ***** growth ******* ******* *********.

*** **** ********** **** **** *** not ******* *** **** ****** ** help ******* ***** **** ***/******** ************ business, *** ** **** ****** *** company ********* *** ******** ** ********** growth.

BCD ***** **-******* ****** **** (******** ****)

** ** *** ****, *** *******-******* *** **-*** *** ******** ** ****** **** *** ***** and ** *** ******** - ****** and ******** ***** *******, * ****** *** **********.

*** *** ****** ******** ** ******* on **** ********.

Planned ******* ******

*** **** **** **** ************ ***** in-house *********** *** ******** ********, ********* on-staff *********** ******* *** ********* *********** as *** ** **** *********. **** look ** **** *********** **** **** customization ** *********** ********* **** ***** but ***'* **** *** ******** ********* to ******* ******** *******/************.

***** **** ** *** * ****** offering *** ******/******** ********* ** ***** surveillance, ***** ***** ** ******** *** common ** **** ** ********* (*.*. hotel ***** **-** ********** **** ********* with *** ***** **** ********* ********).

Future ************ "*** *** ** *** ********"

*** **** **** *** ******* *** growth ** "******** ******* – **** geographical *** *************." *******, **** ***** that **** ******* ******* ******** ************, not ***********:

********* ******* *** ********* *** *** partners. ************ *** *** ** *** question, **** *** *** ** ********* to ******* *** ****

*******, **** ****** *** *** ****** through ************ ** *** **** *************** path ** ******** *** ******** **** BCD ** *********.

Genetec - ** ********

**** ***** ******* *** ******* ******* they *** ***'* ******* ********, * significant ******* ** *** ******* ********* to ***, *** **** *** *** respond ** *** **** ** **********. We **** ****** *** ****** **** their ********.

Outlook *** ***

** *** ******** **** *** ***, BCD ****** ** *** *** ********, mostly ****, ** *** ******* ** differentiate ** *********** ***** ****** *** OEM **** *** **** ******* ** competitive *******. ****, **** ******* ** such * *********** ***** ** *** revenue, ** ******* *** ** ****** suppliers **** ***** **** * *********** impact ** ***'* ********.

** *** ******** **** *** ***, they *** * ****-*********** ***** ** video ************, ******** ***** ****** ******** ***** ******* / ****** Manufacturers *******, *** **** * ***** ******* and ******** ********.

*** *** **** ** $*** ******* in ******* ** ******* ** **. Given ***** ******* ****** *********** *** the ********** *** ****** **** ** that *******, *** *** **** ** expand ************* **** ***** *********** ** market ******** ** ******** **** ****.

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