Bryant Electric Company's Future Under Kratos Capital is an exciting development for the company. Kratos Capital has a proven track record of revitalizing struggling businesses, as seen in the company's acquisition of Bryant Electric Company.
Kratos Capital's expertise in restructuring and refinancing will likely play a key role in Bryant Electric Company's future. This will enable the company to reorganize its operations and improve its financial stability.
With Kratos Capital's guidance, Bryant Electric Company is poised to make significant strides in the industry. The company's commitment to innovation and customer satisfaction will continue to be a top priority under Kratos Capital's leadership.
As Bryant Electric Company moves forward, it's clear that Kratos Capital is committed to helping the company thrive.
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Bryant Electric Company's Challenges
The Bryant Electric plant was shut down in 1988 after Westinghouse transferred most of the work to non-union plants in North Carolina, Puerto Rico, and the Dominican Republic.
This move exacerbated the neighborhood's already bleak economic situation, making it even harder for people to find jobs and make ends meet.
Westinghouse sold its remaining interests in Bryant Electric to Hubbell Incorporated in 1991, marking the beginning of the end for the company's presence in Bridgeport.
The Distribution and Controls Business Unit was rebranded and eventually sold to Eaton in 1994, a significant blow to the local economy.
Bryant's 20-building, 6-acre site in Bridgeport's West End was eventually torn down in 1996 to make way for a new industrial park, a stark reminder of the company's decline.
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Kratos Capital's Acquisition
Kratos Capital advised Bryant Electric Inc. on its acquisition by Ascension Property Services in 2019.
The acquisition closed on November 8, 2019, after Kratos Capital Principal Josh Bammel established the initial relationship with Bryant Electric Inc.
Bryant Electric Inc. specializes in large-scale electrical projects within the commercial/industrial markets and has maintained top quality workmanship and a high level of customer satisfaction for over 30 years.
Ascension Property Services, a portfolio company of SouthWorth Capital Management, acquired Bryant Electric Inc. to build on its platform strategy centered around building services.
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Kratos Capital provided a liquidity event for Bryant Electric Inc.'s clients, allowing them to build future value for this growing business.
Bryant Electric Inc. was looking for a partner to provide a liquidity event while also building future value for this growing business, and Ascension proved to be the best partner.
Kratos Capital is a privately held mergers and acquisitions advisory firm that measures success by the results it produces.
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Frequently Asked Questions
When did they stop making Bryant Breakers?
Bryant breakers were discontinued in 1988 when Westinghouse ceased production of Bryant brand electrical panels. This marked the end of an era for the iconic Bryant Electric Company brand.
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