Alaris Equity Partners completed a $66m investment in Brown & Settle Investments.

Alaris Equity Partners, a private equity firm, completed a $66m investment in Brown & Settle Investments, a site development provider. Based on Alaris' review of Brown & Settle's internal pro forma financial results for the most recent trailing twelve-month period in 2021 and giving effect to the B&S Investment, certain other changes to Brown & Settle's capital structure and the B&S Distribution payable to Alaris, management of Alaris believes that Brown & Settle would have an earnings coverage ratio between 1.5x and 2.0x. Proceeds were used to provide a partial liquidity event to founders, management and investors.